Case Study of Managing Properties for a Portfolio Landlord in Bristol

For some, rental properties are a supplement to their main income or a one-off venture. Portfolio landlords, on the other hand, typically own multiple properties and are often subject to different rules and regulations compared to those who own a single property.

For example, they may be required to pay a higher rate of tax as a high-rate tax payer. Moreover, they may need to adhere to stricter guidelines when it comes to managing tenant deposits.

Property Managers like Let’s Rent often work with several portfolio landlords, looking after rent collection, the needs of any existing tenants and acquiring new ones, as well as property maintenance matters. This can be a particularly useful arrangement when the landlord isn’t local to their properties and allows them to focus on business decisions, buying new properties, and the bigger picture generally.

Our property experts are well aware of the different regulations applying to landlords with multiple properties and are happy to advise and take care of tenant and property matters with this in mind.

• Decorating
• New Carpets
• Reseals
• New Grouting

On each occasion, works were carried and the properties were let within a quick turnaround.

Fast forward over the last 10 years and the landlords have become great clients of ours. We once asked them why they stopped visiting the properties after they came under our care. The response?

“We implicitly trust your team’s judgment calls and we receive regular updates, income statements, inspections reports, and images. There is simply no need for us to come.”