Full management and let-only services offer flexible options for new and experienced landlords, meaning you can choose the level of support that best suits you.
Whether you have a single property or a growing portfolio, deciding between full management and let-only services is an important choice. Both options can help you manage your tenants and property with ease, but the level of involvement from your agent can differ significantly.
At Bush & Co, we offer both services, meaning landlords can choose the path that best suits their needs. Your personal circumstances, changing legislation and how involved you want to be can all influence this decision, with Bush & Co on hand to talk through your choices.
Here’s everything you need to know before deciding which service is right for you.
What Is a Let-Only Service?
A let-only service is designed for landlords who want support finding tenants but are happy to manage their property long-term. This means Bush & Co will:
- Market your property
- Find and reference tenants
- Prepare your tenancy agreement
- Collect the first month’s rent
Once the tenant has moved in, you as the landlord are responsible for day-to-day management of the property, including rent collection and communication. For experienced landlords, this option offers a great balance of expert assistance and flexibility.
What Is Full Management?
If you want more hands-on support, a full management service is a great choice. For those who choose Bush & Co, we will provide everything included in our let-only service, plus:
- Ongoing rent collection
- Collection and registration of the five-week security deposit
- Arranging and managing maintenance needs
- 6-month property inspections
- Annual rent review
This service is ideal for landlords who want a stress-free approach, with professional support throughout the tenancy.
Key Differences
The main difference between full management and let-only services is the level of involvement from the agency once a tenant has moved in.
In short, let only is a set-up service to help you start off on the right foot, while full management offers continual support throughout the tenancy.
Which Should You Choose?
The right option depends on your situation and what you hope to achieve with your property.
A let-only service is great if:
- You have previous experience as a landlord
- You have time to manage the property yourself
- You are comfortable handling maintenance and tenant enquiries
Full management might be better if:
- You have a busy schedule
- You own multiple properties
- You live further away from the property
- You would like support navigating changing landlord regulations, like the Renters’ Rights Act (RRA)
If you’re unsure about which option to choose, speaking to a letting agent like Bush & Co can help you work out which service is best for you.
Staying Compliant as a Landlord
Keeping up to date with rules and guidelines is an important part of being a landlord, particularly as legislation continues to change.
One big change facing landlords is the RRA, which has led to the introduction of new private renting rules.
Navigating these changes can be difficult, leading to some landlords choosing full management services for additional support. No matter your circumstances, it can be useful to make a list of questions for your letting agent if you are unsure about future changes.
Final Thoughts
The right choice for you often comes down to how much involvement you want as a landlord.
At Bush & Co, we are here to support you in whatever way best suits you. We also provide a professional valuation to give you a clear understanding of your property’s rental potential before you make any decisions. Contact the friendly team today and take the first step towards letting your property with confidence.
