The Right Decision – Why Landlords are Switching to Fully Managed in 2021
The past two years has seen massive changes to life as we know it. With unemployment rates reaching worryingly high levels, worldwide isolation lockdown procedures, and limitations on many aspects of regular society: it's fair to say, it's been a very challenging time for most.
Of course, this transformative nature is never seclusive, in which since the development of covid, a huge quantity of changes to law and regulation regarding the property industry has been shifting in the background. When the world is presenting such huge distractions, it can be tricky to exercise knowledge and control of such adjustments. To list a few, some areas of important and essential changes include;
* The way in which European Tenants now pass a 'Right to rent check' since leaving the EU.
* The changes to Section 21 and the eviction process as a whole, which seems to adopt new rules on a regular basis (please see previous blog for more information about this).
* Alterations to the standards required for Electrical safety certificates of buy to let properties.
While alterations to law and regulations will, perhaps, forever be shifting, in other areas of life, it's often recognised that what soon follows widespread change is a new arrangement of normality. For example, these days, watching people embrace on pre-covid TV shows makes us wince, and the thought of entering a supermarket without a facemask feels peculiar. These new normalities exist in the letting's domain too, in which self-managed Landlords are quickly feeling overwhelmed in trying to keep up with the everchanging requirements, and consequently, are opting to working alongside an agent.
TV personality and Landlord possession specialist, Paul Shamplina, gives reference to this 'new normal'; "Letting agents are increasingly looking to upgrade their service from let only to full management; the days of let-only are numbered". Shamplina simultaneously urges the necessity for Landlord's to opt for a full management service by stressing the importance of recognizing the sizable changes over the past couple of years. Shamplina states; "I believe it's essential that they (Landlords') have a letting agent on their side albeit the correct agent by picking the right one, which is very important."[1]
Here at Parks, we couldn't agree more with Shamplina. We know that our Landlords benefit from a full management service in a number of different ways. Having a team of professionals with round the clock updated knowledge on the ever-changing rules of lettings, is just but one of the many advantages.
If you have any questions, queries or want more information of what we can do for you here at Parks, our friendly and professional team are waiting to take your call. You can reach us on 01273 202089 between the hours of 9-5.30 Monday to Friday, and 9-1.30 on Saturdays. Alternatively, we can be reached via email; to communicate with our letting director Antony please use antony.rummins@parksletting.com. We look forward to hearing from you soon.
[1] TV star and evictions expert urges private landlords to use letting agents (thenegotiator.co.uk)
By Parks Letting | 16 July 2021