How easy is it to self-manage my property, do I really need an agent?

How easy is it to self-manage my property, do I really need an agent?

How easy is it to self-manage my property, do I really need an agent?

When it comes to self-managing a property, to a certain extent how easy this is will come down to your individual circumstances. Some landlords may have the time, money and resources to dedicate to this while others may not. If you're a new landlord then we would always recommend working with a managing agent at least until you understand basic compliance requirements and how to handle tenant relationships. After that it will come down to how much of the process you want to deal with alone.

Self-managing my property - considerations

  • Do you understand responsibilities and legal requirements? As a landlord you will have obligations to fulfil under the tenancy agreement as well as those that are imposed by law. If you want to self-manage the property you need to be up to speed with these, from the notice you need to give to enter the property to when to carry out a Gas Safe Check.
  • Are you comfortable doing inspections and maintenance? This could be going in to the property yourself or engaging trades people to do it for you.
  • Do you have time to deal with tenants? There are no restrictions on how much tenants can contact their landlord (unless they're bordering on nuisance etc) so you need to be prepared to handle communication that could range from once a month to daily. Particularly if there are issues with the property tenants can be persistent and if you want to sustain the relationship you need to be responsive and proactive.

The benefits of a property management service like Storeys

  • Reducing tenant turnover. A management service tends to be a smoother experience for tenants so they are less likely to want to move on.
  • The pressure is off when it comes to the financials. Everything, from ensuring rent is paid on time to protecting the deposit and dealing with its return, is handled via us.
  • We will deal with all the issues. When you're working with a property management service like Storeys we become the point of contact for tenants. That means no midnight broken boiler phone calls or dealing with questions you may not have an answer to. Most of the time we can handle issues without the need to involve a landlord.
  • Maintenance costs can be lower. We have a team of trusted third party contractors that we've established strong relationships with over the years. They're good at what they do and cost efficient too - especially at first it's often difficult to find these resources if you're new to self-managing.
  • Avoiding legal issues. Many of the biggest and most expensive problems arise for landlords as a result of inexperience and a lack of awareness of the law. Property management professionals know this inside out and can help you to avoid the biggest pitfalls.

Self-managing a property might seem like a good idea at the time. However, the reality is that it can be a lot more time consuming and expensive than working with professionals like Storeys.

Storeys provide property management in areas such as Hackney and Islington.


Residential lettings
We pride ourselves on being genuine industry experts, providing a positive experience, from enquiry to after care. Storeys focuses exclusively on lettings, and we value properties, we don’t just list them. Knowledge and innovation mean we can be competitive on costs while also delivering an individually tailored service.
Property management
Storeys is a bespoke offering based on the fundamental principle of value for money – we want happy customers. Paperless tech and eSigning deliver efficiency and convenience, no high street office minimises costs. The result is a streamlined service nimble enough to tailor what we do to suit your needs.
Aesthetics, natural light, building quality, and overall finish – these aren’t ‘extras’ in a Storeys valuation, they’re as much a part of the process as size, condition and location. We look at individual property potential, not generic criteria. Factors like space for modern living arrangements, such as flexible working, are incorporated too. Our valuations are all the more accurate and successful for it. There is a perfect tenant for every property if you know how to find them.
Short-term lettings
Providing value for tenants and continuity for landlords, Storeys short-term lets run from 4 weeks to 6 months. We work with major London relocation teams and a global contacts network to match international tenants to perfect London properties.
Vacant property Management
We can manage your vacant property in-between tenancies or refurbishment, giving you peace of mind that the property is being looked after and inspected on a regular basis.
Superior Marketing
There is just no comparison between static photos and VR when it comes to property marketing. VR allows tenants to do a virtual walk around and get a realistic feel for the property - their expectations are grounded in reality, and properly managed. This makes VR a very effective tool, not just for generating interest and viewings but also converting those to offers. That’s why we partner with VRPM to create a virtual reality perspective for every property we handle.
Airbnb Management
We can manage your Airbnb account and make sure each booking runs smoothly, keys are always available for handover and the property is ready for the next occupation. This can run very well alongside our short-term corporate letting service.
Rent Protection
If your tenant defaults on the rent, Storeys have you covered. We also cover your legal expsenses and pay you rental income if your property is vacant whilst we remarket for new tenants. Don’t worry Storeys have your back.*ask a member of the team for more info. This service is included for every Storeys managed property.