Landlords rush to use letting agents to cope with Renters Rights Act
Summary
Landlord Trends research cited in the article shows a rise in the use of letting agents, with 66% of rental properties now using an agent for some or all of the letting process and 25% using full management services. The increase is attributed to growing regulatory complexity in the private rented sector, including the implementation of the Renters Rights Act and wider compliance pressures.
Why it matters
For residential property surveyors, the article signals continued change in the private rented sector that may affect landlord behaviour, management standards and the demand for professional property services. It also highlights the operational impact of regulatory change on rental portfolios, which can influence inspection, valuation and advisory work.
Key points
- 66% of rental properties now use letting agents for some or all of the letting process.
- Full management services have risen to 25% of rental properties, up from 20% in the previous quarter.
- Landlords are spending significant time on management, especially those self-managing portfolios.
- The article links increased agent use to the Renters Rights Act and broader compliance demands.
- Larger portfolio landlords are not necessarily more likely to outsource management.
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