Starting a Letting Company
Hi
This may be an old thread but I am new and just saw it.
I have some knowledge of this and the general rule seems to be that you need a minimum of 30 properties under managemnet to be anywhere near worthwhile and many more to get rich.
Of course it all depends if you are doing everything yourself or having to employ someone with some knowledge to get it going for you.
Lots of people look at it as easy money but it isn't - you can guess that tenants can be a pain but guess what - landlords can too.
Having said all that - with the cost of property in the UK at present the rental market is always going to be busy - you just need the right property.
Oh - one other good thing for someone starting who is going to offer good/great service - lots of the big players are absolute rubbish so again - like most businesses - if you give great service then there is scope.
If this is still of interest and you want more information I can pull some out for you.
|