Landlords managing own property save money

Landlords who consider using DIY tenancy agreements themselves could be saving "considerable amounts of money", it has been claimed.

Speaking at the Landlord and Buy-to-Let Show in Birmingham, LandlordZONE said that if landlords manage their properties themselves they may see the benefits at a time when money is tight for many people.

The company also advised that this is a good thing to do if a person is choosing to enter the buy-to-let market and is familiar with the area in which they are letting the property.

Tom Entwistle, editor at LandlordZONE, said: "If you're letting near your home then you, know the area and you know the sort of demand that is there."

According to Rentright's Residential Rental Price Index, the average monthly rent in the UK in November was £613, up from £532 in October.

Published on: December 2, 2008

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