There's no doubt being a landlord has changed drastically in the last 10 to 15 years. First of all, investing in property has become so much more expensive. But as prices have increased tax breaks have disappeared. And more legislation and red tape seems to appear every year. But despite all that the biggest change may be in how landlords’ market and manage their property. And that many are now becoming DIY landlords.
The rise of the DIY landlord
It used to be the case that landlords had no choice but to use a high street estate agent to market their rental. It’s still an option today but fees, extra charges and commission can make this very expensive. But the costs don't end there. If you want the estate agent to manage your property for you, and many first-time landlords do, the agent may charge commission of up to 20% of the total rent. Understandably many landlords will look at those figures and turn pale. Their margins will be wafer thin.
But there’s another way to market and manage a property. You can join many others and become a DIY landlord. You’re no longer beholden to expensive high street estate agents.
From the high street to online
When we mentioned how being a landlord has changed over the last decade or so there was one thing we didn't bring up. The internet. The web has changed so much of our daily lives. And for landlords it's become a massive help.
You no longer need to rely on an estate agent. The services available online mean you can now manage and market your property on your own. Or enlist as much help as you need. Using a tool such as the MakeUrMove letting platform allows you to take control of your property business. To become a fully-fledged DIY landlord.
The great thing about the MakeUrMove platform is that it's fully customisable. You choose which services you need. You can be as hands on or as hands off as you want. But as a DIY landlord using our platform you can (amongst other things):
So, our online letting platform not only finds you a tenant it also helps you manage your property. And unlike some high street agents you don't have to worry about any hidden fees. We're completely transparent about costs. We don't take commissions. You simply choose the package you want and pay the monthly fee. And with our advertising and management packages starting from just £20 per month being a DIY landlord is very affordable.
Benefits of using the MakeUrMove online letting platform
And the biggest benefit of all? DIY landlords could save around £1,000 per property compared to letting their rental through high street estate agents.
But being a DIY landlord doesn't mean you're on your own. Use our platform and you have the support of the whole team here at MakeUrMove. Our customer support team know the property business inside out and they're always available to help. And unlike other companies who use remote call centres all our team are based at our Manchester offices to provide any support you need.
Want to learn more? You can find out all about the MakeUrMove property management platform here.