Lomond bids to explode five myths about letting agents
Summary
Lomond argues that professional letting agents provide value beyond tenant-finding, particularly through risk reduction, compliance support and ongoing property management. The article links this to the Renters Rights Act, suggesting landlords are increasingly seeking fully managed services to help navigate regulatory change and protect income and asset value.
Why it matters
For residential property surveyors, the piece highlights how regulatory change is reshaping landlord expectations and increasing demand for professional management and compliance oversight. It also reinforces the importance of proactive property maintenance and inspection in reducing defects, voids and costly remedial issues.
Key points
- Lomond says management fees are outweighed by the costs of arrears, voids and compliance failures.
- The article stresses that tenant referencing is only one part of effective letting and management.
- It says the Renters Rights Act is prompting more landlords to move to fully managed services.
- Professional agents are presented as adding value through inspections, maintenance and risk mitigation.
- Property management is framed as protecting income, compliance and asset value, not just convenience.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
