100% of self-managing NI landlords not compliant!
100% of Northern Ireland landlords who manage their own rental properties were found to be non-compliant with all the relevant legislation in recent research. It's not difficult to understand why, as we have had a barrage of new regulations over the past few years and most landlords have day jobs and struggle to keep up. Many landlords who self-manage do it to save money on agent's management fees, however the few hundred pounds that they may save can pale into insignificance if things go wrong. Landlords who are not fully compliant risk:
- Fines and prosecution
- Loss of rent
- Tenants not vacating
- Inability to claim damage costs
- Inability to claim any deposit
- Expensive voids
- Insurance companies not paying out on claims
Not to mention the hours of work and considerable stress the above can bring.
As management agents we can ensure that you keep on the right side of the law, significantly mitigate risks and losses, and maximise the return on your investment.
We regularly save our landlords all of the fees that they pay us to look after their property.
If you would like to have a chat about this, please feel free to get in touch with us - phone or email.