Landlord Sells 35 Properties in Under 28 Days as Self-Managing Time Costs Mount

Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.

Landlord Sells 35 Properties in Under 28 Days as Self-Managing Time Costs Mount

Landlord Sales Agency helped a landlord named Alasdair sell 35 of his properties in less than 28 days, the agency has reported. The case comes as figures from Pegasus Insight show that self-managing landlords spend an average of 51 hours every month managing their rental properties.

Alasdair ran a portfolio of more than 200 properties and was often on call around the clock to help his tenants. According to Landlord Sales Agency, he sold 35 of those properties in less than 28 days and all for the best price.

He said: "Running a 200+ property portfolio sounds very exotic but in reality, it is very time-consuming."

He added: "We got to the point where I wanted to downsize and do something more manageable."

On the sale process itself, Alasdair said: "Buying a tenanted property means for the buyer they get rental income from day one and for us it means we get rental income until the day of the sale."

He continued: "If a tenant doesn't want to leave the property, it can take a long time to resolve, delaying getting it on the market and advertised. Plus, there's always uncertainty until the day of completion, which can sometimes take months."

He said: "However, Landlord Sales Agency secured a quick sale for us, eliminating the worry and making the process much smoother."

Why Portfolio Exits Are in Focus

The Pegasus Insight figures cited by Landlord Sales Agency cover the range of tasks that fill a landlord's time, from licensing paperwork and complying with regulations to organising repairs and responding to tenants. The agency notes that landlords are juggling these responsibilities alongside the Renters' Rights Act and the everyday demands of running their properties.

According to Landlord Sales Agency, with new regulations on the way, many landlords weighing whether the extra hassle is still worth it are simply saying now is the best time to exit the market.

Selling Part of a Portfolio or in Bulk

Landlord Sales Agency states that downsizing does not have to mean leaving the market altogether, and that landlords may want to sell one property, release cash from part of a portfolio or sell an entire portfolio in bulk. The agency says it typically achieves 85 – 90% of the market value, and for that it covers all the costs and takes away the hassle that comes with selling a portfolio.

It adds that any company promising 100% market value is hiding a huge list of costs that are going to come after the sale, and that this is not the case with it. The agency describes itself as a company founded by landlords for landlords, made up of the UK's top portfolio exit specialists who know what it takes to overcome problems associated with selling buy-to-lets.

For letting agents and inventory clerks, the case is a reminder of how tenant occupation shapes a sale timetable: a tenanted property offers a buyer rental income from day one, but a tenant who does not want to leave can delay getting a property on the market and advertised, with uncertainty running until completion.