How much does it usually cost to have a real estate agent to manage your property when renting out in the UK?

Just to let the property will prob cost about 6% of the annual rent. If you want to include rent collection make that 10%. For full management expect 15–18%. Hard to haggle right now as the law has changed and they will soon be prevented from charging tenants for the search. How they were ever to provide the best deal for their customers when representing both sides of the transaction I never understood. This loss of income means they will be relying on owners’ fees so will currently be loth to haggle (though there's always 'I called Grabbit and Flee and they offered…’)The actual cost though will be higher. If maintenance work needs doing you will shop around on price. They have no reason to. Also with less ethically scrupulous agents, and they do exist even in this lily-white field, they may give you a high price from a tradesman that includes an agency kickback. The rental service is worthwhile as they can fish in a large pond and check credit worthiness, references etc but if you have a way to avoid full management through an agent, by paying friends or family, DIY or whatever means, try to find it.

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Sustainable Property Management Guide Capita Real Estate Thinkcapitarealestate 2016-2025

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How much does it usually cost to have a real estate agent to manage your property when renting out in the UK?
Just to let the property will prob cost about 6% of the annual rent. If you want to include rent collection make that 10%. For full management expect 15–18%. Hard to haggle right now as the law has changed and they will soon be prevented from charging tenants for the search. How they were ever to provide the best deal for their customers when representing both sides of the transaction I never understood. This loss of income means they will be relying on owners’ fees so will currently be loth to haggle (though there's always 'I called Grabbit and Flee and they offered…’)The actual cost though will be higher. If maintenance work needs doing you will shop around on price. They have no reason to. Also with less ethically scrupulous agents, and they do exist even in this lily-white field, they may give you a high price from a tradesman that includes an agency kickback. The rental service is worthwhile as they can fish in a large pond and check credit worthiness, references etc but if you have a way to avoid full management through an agent, by paying friends or family, DIY or whatever means, try to find it.

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Capita Property Management 2016-2025 Form

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