General (main property discussion here) - use a letting agent?

Getting quite annoyed with my "managing" agent for one of my props. It's getting so hands on that I might as well be doing it myself.

I know loads of people go down this route, but just wondering if anyone had any advice/ ideas on the pitfalls I'm going to face?

(I can't afford to do it full time as my portfolio is only 3 houses so far, so it'll be more part-time/ evenings)

Thanks

John

John - my reaction is "go for it".

couple of caveats though:

1) are you happy with your tenants? finding good tenants is one of the main reasons i would use an agent. are your current problems with your tenants or your agent?

2) locality. it can be a real hassle if 100s of miles are involved to visit/ fix dripping tap, etc. would you service them too?

good luck though mate

steve

John,

You might find it useful to look at the 'Letting Agents or DIY?' thread under 'Tenants' within this forum.

I think it probably answers your questions.

Hope this helps.

Julian

john, with 3 houses there is no reason you cannot do it yourself unless you live miles away. after 7 or so it becomes much more time consuming and it will be worth considering using an agent. after 25 you might as well do it full-time.