Five lettings agency myths blown out of the water – apparently
Summary
The article argues that professional lettings agents add value beyond tenant finding, particularly through compliance support, risk reduction and ongoing property management. It highlights five common misconceptions about lettings agency services and says regulatory change is driving more landlords toward fully managed arrangements.
Why it matters
For residential property surveyors, the piece reflects how regulatory complexity is reshaping landlord behaviour and increasing demand for professional management. That can affect property condition oversight, compliance standards and the way risks are identified and handled across rental portfolios.
Key points
- Lomond says management fees are outweighed by the costs of arrears, voids and compliance failures.
- Tenant finding is presented as only the start of the letting process, not the main challenge.
- The article stresses that online information cannot replace tailored advice on legislation and property-specific responsibilities.
- It says fully managed services help protect income, compliance and asset value, not just convenience.
- Landlords are said to be shifting toward managed services following recent regulatory changes.
Organisations:
Lomond, Tenancy Deposit Scheme
Regulations:
RRA
Read the original article
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