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 Trends in Property Management
A new survey has found that a significant portion of landlords using letting agents plan to take over management of their properties themselves. The August Landlord Survey found that 58% of those using an agent said they are likely to manage all their properties independently.
The intention to self-manage includes taking on the associated compliance work. This points to a potential change in demand for agency services within the UK rental sector, which is relevant for letting agents and inventory clerks.
Source: Property118