What is The Difference Between Tenant Find Only & Fully Managed For Landlords?

Tenant Find Only vs Fully Managed: Which Service is Best for Landlords?

As a landlord, choosing the right property management service is crucial to ensuring the smooth running of your rental investments. At Bates & Co Lettings, we offer two main services: Tenant Find Only and Fully Managed. But what exactly is the difference, and which one is best suited to your needs?

Tenant Find Only: The Basics

The Tenant Find Only service is ideal for landlords who prefer to handle the day-to-day management of their properties but need help finding a reliable tenant. When you opt for this service, Bates & Co Lettings will:

• Advertise your property to attract high-quality tenants
• Conduct thorough tenant referencing
• Draw up the tenancy agreement
• Ensure the tenant is ready to move in

Once the tenant has moved in, the responsibility for property management, including dealing with maintenance issues, rent collection, and legal compliance, falls entirely on you, the landlord.

While Tenant Find Only can be a cost-effective choice for landlords with more experience or those who have the time and resources to manage their properties independently, it can also be a time-consuming and stressful experience, especially when it comes to dealing with legalities and ongoing tenant issues.

Fully Managed: The Stress-Free Option

The Fully Managed service is designed for landlords who want a hands-off approach and prefer to leave the management of their properties in the hands of professionals. With Bates & Co Lettings’ Fully Managed service, we take care of everything from start to finish. This includes:

• Finding and referencing tenants
• Handling all communication with tenants
• Collecting rent and ensuring payments are made on time
• Managing any maintenance or repair issues
• Conducting regular property inspections
• Handling legal matters, including compliance with changing legislation (such as the Renters' Rights Bill)
• Providing you with regular updates and reports on your property’s performance

We understand that property management can be complex and demanding, especially with the constant changes in laws and regulations. By opting for our Fully Managed service, you benefit from our expertise, ensuring that your property is managed professionally and in full compliance with the law.

Why Fully Managed is the Best Option

While Tenant Find Only may seem like an attractive, cost-saving option, it’s not always the best choice for every landlord. To effectively manage a property, you need to be constantly updated on:

• Changes in legislation, such as the Renters' Rights Bill
• The latest regulations for landlord safety, including gas and electrical checks
• How to deal with tenant disputes, arrears, and evictions
• Best practices for maintaining and improving the property to attract quality tenants

This requires a significant time commitment, a thorough understanding of the law, and a willingness to stay on top of the ever-changing landscape of property management.

For extremely experienced landlords, or those who have the time and knowledge to manage their properties, the Tenant Find Only service can be an appealing option. However, even the most seasoned landlords can struggle to keep up with the continuous legal updates, emergency maintenance, and tenant communication.

Fully Managed services are especially beneficial for:

• Landlords with multiple properties: Juggling multiple tenants, maintenance, and legal responsibilities can quickly become overwhelming.
• Landlords with limited time: Property management can be a full-time job, leaving you with little time to focus on your own career or personal life.
• Landlords unfamiliar with recent legal changes: The Renters' Rights Bill and other legislation can be tricky to navigate without expert knowledge.

The Bates & Co Difference

At Bates & Co Lettings, we pride ourselves on providing the best Fully Managed services in Hailsham, Eastbourne, Polegate, and surrounding areas. We have the experience and expertise to handle all aspects of property management, ensuring your property is in safe hands. Our team is up to date with the latest legal developments, and we provide landlords with peace of mind knowing that their property is being managed professionally and in compliance with all relevant laws.

Choosing Fully Managed means you won’t have to worry about anything. We handle everything on your behalf, from tenant queries and maintenance issues to legal compliance and inspections. Plus, we offer regular updates and advice, so you always know how your property is performing.

Conclusion: The Right Choice for You

Ultimately, the decision between Tenant Find Only and Fully Managed depends on your experience, time availability, and willingness to stay up-to-date with legislation. For landlords who want a stress-free experience and expert management of their property, Fully Managed is undoubtedly the best choice. Let Bates & Co Lettings handle the details so you can enjoy the benefits of rental income without the headaches.

If you’re ready to take the next step and ensure your property is managed professionally, get in touch with us today. Our Fully Managed service is designed to offer landlords the peace of mind they deserve.

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