{"id":11015,"date":"2024-05-15T09:47:56","date_gmt":"2024-05-15T08:47:56","guid":{"rendered":"https:\/\/www.lettingaproperty.com\/landlord\/blog\/?p=11015"},"modified":"2026-07-07T21:49:22","modified_gmt":"2026-07-07T20:49:22","slug":"property-management-companies","status":"publish","type":"post","link":"https:\/\/www.lettingaproperty.com\/landlord\/blog\/property-management-companies\/","title":{"rendered":"Property management companies: services, costs &#038; do you need one?"},"content":{"rendered":"<p>Managing a rental can be straightforward &#8211; or it can eat your evenings and weekends. Fortunately, property management companies exist to take the admin, compliance and tenant headaches off your plate. This guide explains what they do, how much they charge, the legal must-dos for landlords in 2025, and how to choose the right provider for your needs.<\/p>\n<div class=\"rental-estimator-cta\" style=\"background: #e5eff6; padding: 16px; border-radius: 13px; margin: 20px 0; font-family: 'DM Sans', sans-serif; text-align: center;\">\n<h3 style=\"font-size: 20px !important; margin-top: 0; margin-bottom: 12px; line-height: 1.3; color: #3c3c3b;\">Are you charging enough rent?<\/h3>\n<p style=\"margin-bottom: 16px; font-size: 15px; line-height: 1.4; color: #3c3c3b;\">Many landlords undervalue their property without realising. Get a free, instant estimate from real local letting data and see what yours could really achieve.<\/p>\n<p><a style=\"text-decoration: none;\" href=\"https:\/\/www.lettingaproperty.com\/instant-valuation?utm_medium=blog_in_article\" target=\"_blank\" rel=\"noopener noreferrer\"> <button style=\"background: #df5e09; color: #faf4f0; border: none; padding: 12px 20px; width: 100%; max-width: 280px; border-radius: 6px; font-size: 16px; font-weight: bold; cursor: pointer; display: inline-block; margin: 0 auto;\" type=\"button\"> Check my rent <\/button> <\/a><\/p>\n<\/div>\n<ul>\n<li data-start=\"165\" data-end=\"181\"><a href=\"#What-do-property-management-companies-do\">What do property management companies do?<\/a><\/li>\n<li data-start=\"165\" data-end=\"181\"><a href=\"#Legal-essentials-every-landlord-must-know\">Legal essentials every landlord must know<\/a><\/li>\n<li data-start=\"165\" data-end=\"181\"><a href=\"#Typical-fees-and-how-to-compare-them\">Typical fees and how to compare them<\/a><\/li>\n<li data-start=\"165\" data-end=\"181\"><a href=\"#How-to-choose-a-property-management-company\">How to choose a property management company<\/a><\/li>\n<li data-start=\"165\" data-end=\"181\"><a href=\"#Compare-property-management-companies-and-fees\">Compare property management companies and fees<\/a><\/li>\n<\/ul>\n<h2 data-start=\"165\" data-end=\"181\">Quick summary<\/h2>\n<ul data-start=\"182\" data-end=\"426\">\n<li data-start=\"182\" data-end=\"270\">\n<p data-start=\"184\" data-end=\"270\">Outsource time-consuming tasks to property management companies, such as tenant sourcing, rent collection and compliance.<\/p>\n<\/li>\n<li data-start=\"271\" data-end=\"354\">\n<p data-start=\"273\" data-end=\"354\">Typical clients: busy landlords, overseas owners and multi-property portfolios.<\/p>\n<\/li>\n<li data-start=\"355\" data-end=\"426\">\n<p data-start=\"357\" data-end=\"426\">Read on for fees, legal must-dos and a checklist to compare managers.<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"716\" data-end=\"760\"><a id=\"What-do-property-management-companies-do\"><\/a>What do property management companies do?<\/h2>\n<p data-start=\"761\" data-end=\"843\">Most property management companies offer a menu of services you can mix and match:<\/p>\n<ul data-start=\"845\" data-end=\"1463\">\n<li data-start=\"845\" data-end=\"924\">\n<p data-start=\"847\" data-end=\"924\"><strong data-start=\"847\" data-end=\"873\">Let-only \/ tenant-find<\/strong> &#8211; advertise, conduct viewings and place tenants.<\/p>\n<\/li>\n<li data-start=\"925\" data-end=\"1031\">\n<p data-start=\"927\" data-end=\"1031\"><strong data-start=\"927\" data-end=\"944\">Tenancy setup<\/strong> &#8211; draughting\/issuing tenancy agreements, deposit registration, check-in inventories.<\/p>\n<\/li>\n<li data-start=\"1032\" data-end=\"1133\">\n<p data-start=\"1034\" data-end=\"1133\"><strong data-start=\"1034\" data-end=\"1066\">Rent collection &amp; accounting<\/strong> &#8211; monthly rent collection, chasing arrears, financial reporting.<\/p>\n<\/li>\n<li data-start=\"1134\" data-end=\"1247\">\n<p data-start=\"1136\" data-end=\"1247\"><strong data-start=\"1136\" data-end=\"1155\">Full management<\/strong> &#8211; day-to-day repairs, emergency callouts, contractor management and periodic inspections.<\/p>\n<\/li>\n<li data-start=\"1248\" data-end=\"1341\">\n<p data-start=\"1250\" data-end=\"1341\"><strong data-start=\"1250\" data-end=\"1280\">Legal &amp; compliance support<\/strong> &#8211; safety certificates, eviction support, deposit disputes.<\/p>\n<\/li>\n<li data-start=\"1342\" data-end=\"1463\">\n<p data-start=\"1344\" data-end=\"1463\"><strong data-start=\"1344\" data-end=\"1368\">Value-added services<\/strong> &#8211; <a href=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/online-letting-agents\/\" target=\"_blank\" rel=\"noopener\">online landlord portals<\/a>, rent protection insurance, HMO management, and tax\/accounting help.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1465\" data-end=\"1597\">The trend in 2025 is flexible, hybrid packages &#8211; you can often combine let-only with ad-hoc management services to suit your budget. <a href=\"https:\/\/www.lettingaproperty.com\/landlord-services\" target=\"_blank\" rel=\"noopener\">Landlord Services<\/a><\/p>\n<hr data-start=\"1599\" data-end=\"1602\" \/>\n<h2 data-start=\"1604\" data-end=\"1668\"><a id=\"Legal-essentials-every-landlord-must-know\"><\/a>Legal essentials every landlord must know<\/h2>\n<p>Landlord compliance changes frequently &#8211; most recently the Renters&#8217; Rights Act 2025 (in force from 1 May 2026 in England), which abolishes Section 21 &#8220;no-fault&#8221; evictions and moves tenancies onto periodic assured terms. A good managing agent keeps you compliant with changes like these. The basics you must keep in order (which property managers usually handle for you):<\/p>\n<ul data-start=\"1814\" data-end=\"2770\">\n<li data-start=\"1814\" data-end=\"1968\">\n<p data-start=\"1816\" data-end=\"1968\"><strong data-start=\"1816\" data-end=\"1830\">Gas safety<\/strong> &#8211; landlords must have gas appliances checked annually by a Gas Safe engineer and keep the record. <a href=\"https:\/\/www.lettingaproperty.com\/gas-safety-certificate\" target=\"_blank\" rel=\"noopener\">Gas Safety<\/a><\/p>\n<\/li>\n<li data-start=\"1969\" data-end=\"2173\">\n<p data-start=\"1971\" data-end=\"2173\"><strong data-start=\"1971\" data-end=\"1999\">Electrical safety (EICR)<\/strong> &#8211; properties require an electrical installation inspection and report at least every five years (or sooner if the inspector advises). <a href=\"https:\/\/www.lettingaproperty.com\/electrical-installation-condition-report\" target=\"_blank\" rel=\"noopener\">Electrical safety<\/a><\/p>\n<\/li>\n<li data-start=\"2174\" data-end=\"2368\">\n<p data-start=\"2176\" data-end=\"2368\"><strong data-start=\"2176\" data-end=\"2198\">Deposit protection<\/strong> &#8211; deposits for most assured shorthold tenancies must be placed in a government-approved deposit scheme within 30 days of receipt. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" href=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/deposit-protection-schemes\/\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">Deposit protection<\/span><\/span><\/span><\/a><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"2369\" data-end=\"2528\">\n<p data-start=\"2371\" data-end=\"2528\"><strong data-start=\"2371\" data-end=\"2400\">Tenant Fees Act (England)<\/strong> &#8211; many tenant charges are banned; check which fees are lawful to avoid hefty penalties. <a href=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/tenant-fee-ban\/\" target=\"_blank\" rel=\"noopener\">Tenant Fees Act<\/a><\/p>\n<\/li>\n<li data-start=\"2529\" data-end=\"2770\">\n<p data-start=\"2531\" data-end=\"2770\"><strong data-start=\"2531\" data-end=\"2558\">Licensing &amp; local rules<\/strong> &#8211; many councils run selective or additional licensing in certain areas (and more schemes have been introduced recently). Check if your property\u2019s council requires a licence. <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" href=\"https:\/\/www.gov.uk\/government\/publications\/selective-licensing-in-the-private-rented-sector-a-guide-for-local-authorities\/selective-licensing-in-the-private-rented-sector-a-guide-for-local-authorities\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">GOV.UK<\/span><\/span><\/span><\/a><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2772\" data-end=\"2880\">If you\u2019re unsure about any requirement, a professional manager will advise and help you evidence compliance.<\/p>\n<h2>Do property management companies work differently in Scotland and Wales?<\/h2>\n<p>Renting is devolved, so a manager must meet different rules depending on where the property is. Whoever you appoint, check they are properly registered or licensed for that nation:<\/p>\n<ul>\n<li><strong>England:<\/strong> letting and management agents must belong to a government-approved redress scheme, such as The Property Ombudsman, and, if they hold client money, be part of a Client Money Protection scheme. There is no single national agent register yet.<\/li>\n<li><strong>Wales:<\/strong> anyone doing letting or management work must be licensed by <a href=\"https:\/\/rentsmart.gov.wales\/\">Rent Smart Wales<\/a> and follow its code of practice.<\/li>\n<li><strong>Scotland:<\/strong> letting agents must be on the Scottish Letting Agent Register and follow the statutory Letting Agent Code of Practice.<\/li>\n<\/ul>\n<p>The core compliance duties also vary by nation: the Renters\u2019 Rights Act 2025 applies in England, while Wales uses the Renting Homes (Wales) Act 2016 and Scotland the Private Housing (Tenancies) (Scotland) Act 2016. A good manager will know the rules for your area.<\/p>\n<p data-start=\"2772\" data-end=\"2880\"><strong data-start=\"1753\" data-end=\"1807\"><a class=\"decorated-link cursor-pointer\" href=\"https:\/\/www.lettingaproperty.com\/calendar\" target=\"_blank\" rel=\"noopener\" data-start=\"1755\" data-end=\"1805\"><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/svg\/1f4de.svg\" alt=\"\ud83d\udcde\" \/> Book a Call with a Property Management Expert<\/a><\/strong><br data-start=\"1807\" data-end=\"1810\" \/>Ask questions, get advice, and get started today.<\/p>\n<hr data-start=\"2882\" data-end=\"2885\" \/>\n<h2 data-start=\"2887\" data-end=\"2926\"><a id=\"Typical-fees-and-how-to-compare-them\"><\/a>Typical fees and how to compare them<\/h2>\n<p data-start=\"2927\" data-end=\"3020\">Fees vary by service level, location and company size. Typical current ranges (illustrative):<\/p>\n<p>Because most management fees are charged as a percentage of rent, it pays to know your <a href=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/rental-valuation\/\">rental valuation<\/a> before you compare quotes.<\/p>\n<ul data-start=\"3022\" data-end=\"3330\">\n<li data-start=\"3022\" data-end=\"3134\">\n<p data-start=\"3024\" data-end=\"3134\"><strong data-start=\"3024\" data-end=\"3051\">Let-only \/ tenant-find:<\/strong> Often a one-off fee equal to 8%\u201312% of one year\u2019s rent or a single month\u2019s rent.<\/p>\n<\/li>\n<li data-start=\"3135\" data-end=\"3213\">\n<p data-start=\"3137\" data-end=\"3213\"><strong data-start=\"3137\" data-end=\"3157\">Rent collection:<\/strong> ~3%\u201312% of monthly rent (added to a base or bundled).<\/p>\n<\/li>\n<li data-start=\"3214\" data-end=\"3330\">\n<p data-start=\"3216\" data-end=\"3330\"><strong data-start=\"3216\" data-end=\"3236\">Full management:<\/strong> Generally 8%\u201320% of monthly rent &#8211; urban areas and specialist HMO management can be higher.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3332\" data-end=\"3580\">Always check what\u2019s included (renewal fees, inventories, check-outs, eviction admin, emergency callouts) and whether fees are subject to VAT. Some providers now offer fixed-fee management for higher-rent properties where percentage fees are costly. <a href=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/letting-agent-fees\/\" target=\"_blank\" rel=\"noopener\">Compare Agent Fees<\/a><\/p>\n<hr data-start=\"3582\" data-end=\"3585\" \/>\n<h2 data-start=\"3587\" data-end=\"3627\">Pros and cons &#8211; the practical picture<\/h2>\n<p data-start=\"3628\" data-end=\"3636\"><strong data-start=\"3628\" data-end=\"3636\">On the plus side &#8211; Pros<\/strong><\/p>\n<ul data-start=\"3637\" data-end=\"3906\">\n<li data-start=\"3637\" data-end=\"3726\">\n<p data-start=\"3639\" data-end=\"3726\">Saves time and stress &#8211; contractors, emergencies, and tenant queries handled for you.<\/p>\n<\/li>\n<li data-start=\"3727\" data-end=\"3843\">\n<p data-start=\"3729\" data-end=\"3843\">Better compliance risk management &#8211; managers usually keep certificates, test dates and documentation up to date.<\/p>\n<\/li>\n<li data-start=\"3844\" data-end=\"3906\">\n<p data-start=\"3846\" data-end=\"3906\">Faster lets and professional marketing &#8211; may reduce voids.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3908\" data-end=\"3916\"><strong data-start=\"3908\" data-end=\"3916\">On the downside &#8211; Cons<\/strong><\/p>\n<ul data-start=\"3917\" data-end=\"4197\">\n<li data-start=\"3917\" data-end=\"4024\">\n<p data-start=\"3919\" data-end=\"4024\">Fees reduce net yield &#8211; the key question is whether the time saved and risk reduced are worth the cost.<\/p>\n<\/li>\n<li data-start=\"4025\" data-end=\"4124\">\n<p data-start=\"4027\" data-end=\"4124\">Less direct control &#8211; you\u2019ll rely on the manager for tenant selection and day-to-day decisions.<\/p>\n<\/li>\n<li data-start=\"4125\" data-end=\"4197\">\n<p data-start=\"4127\" data-end=\"4197\">Service quality varies &#8211; always check customer reviews and references.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"4199\" data-end=\"4202\" \/>\n<h2 data-start=\"4204\" data-end=\"4265\"><a id=\"How-to-choose-a-property-management-company\"><\/a>How to choose a property management company (step-by-step)<\/h2>\n<ol data-start=\"4266\" data-end=\"5070\">\n<li data-start=\"4266\" data-end=\"4365\">\n<p data-start=\"4269\" data-end=\"4365\"><strong>Firstly, define what you need<\/strong> &#8211; tenant-find only, rent collection, or full management? Be explicit.<\/p>\n<\/li>\n<li data-start=\"4366\" data-end=\"4516\">\n<p data-start=\"4369\" data-end=\"4516\"><strong>Secondly, compare apples-to-apples<\/strong> &#8211; get written fee breakdowns and a sample contract. Look for hidden extras (renewal, inventory, contractor margins).<\/p>\n<\/li>\n<li data-start=\"4517\" data-end=\"4635\">\n<p data-start=\"4520\" data-end=\"4635\"><strong data-start=\"4520\" data-end=\"4548\">Check compliance support<\/strong> &#8211; will they manage gas, EICR, deposit protection, safety certificates and licensing?<\/p>\n<\/li>\n<li data-start=\"4636\" data-end=\"4734\">\n<p data-start=\"4639\" data-end=\"4734\"><strong data-start=\"4639\" data-end=\"4665\">Local market knowledge<\/strong> &#8211; do they know your neighbourhood\u2019s rent levels and tenant demand?<\/p>\n<\/li>\n<li data-start=\"4735\" data-end=\"4840\">\n<p data-start=\"4738\" data-end=\"4840\"><strong data-start=\"4738\" data-end=\"4762\">Reputation &amp; reviews<\/strong> &#8211; Google, Trustpilot, local landlord networks. Ask for landlord references.<\/p>\n<\/li>\n<li data-start=\"4841\" data-end=\"4945\">\n<p data-start=\"4844\" data-end=\"4945\"><strong data-start=\"4844\" data-end=\"4873\">Communication &amp; reporting<\/strong> &#8211; online landlord portal? Frequency of updates? Access to statements?<\/p>\n<\/li>\n<li data-start=\"4946\" data-end=\"5070\">\n<p data-start=\"4949\" data-end=\"5070\"><strong data-start=\"4949\" data-end=\"4963\">Exit terms<\/strong> &#8211; what happens if you want to switch? How long is the notice period and what are the handover obligations?<\/p>\n<\/li>\n<\/ol>\n<hr data-start=\"5072\" data-end=\"5075\" \/>\n<h2 data-start=\"5077\" data-end=\"5114\">Practical checklist before signing<\/h2>\n<ul data-start=\"5115\" data-end=\"5809\">\n<li data-start=\"5115\" data-end=\"5201\">\n<p data-start=\"5117\" data-end=\"5201\">For example, do they register deposits in a government-approved scheme? (Confirm which scheme.)<\/p>\n<\/li>\n<li data-start=\"5202\" data-end=\"5329\">\n<p data-start=\"5204\" data-end=\"5329\">Will they arrange annual gas checks and EICR inspections? (Ask for the certificates.)<\/p>\n<\/li>\n<li data-start=\"5330\" data-end=\"5393\">\n<p data-start=\"5332\" data-end=\"5393\">Are renewals, inventories and check-outs included or extra?<\/p>\n<\/li>\n<li data-start=\"5394\" data-end=\"5450\">\n<p data-start=\"5396\" data-end=\"5450\">What marketing channels do they use to find tenants?<\/p>\n<\/li>\n<li data-start=\"5451\" data-end=\"5635\">\n<p data-start=\"5453\" data-end=\"5635\">Do they perform Right to Rent checks and keep records? (Processes have moved towards digital checks &#8211; follow the latest Home Office guidance.) <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" href=\"https:\/\/assets.publishing.service.gov.uk\/media\/6878ea540263c35f52e4dd75\/270625_Landlords_guide_to_Right_To_Rent_Checks-.pdf\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">GOV.UK<\/span><\/span><\/span><\/a><\/span><\/span><\/p>\n<\/li>\n<li data-start=\"5636\" data-end=\"5809\">\n<p data-start=\"5638\" data-end=\"5809\">Are there any local licences or selective licensing that apply to your property? (Council rules differ &#8211; check your local authority.) <span class=\"\" data-state=\"closed\"><span class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\" data-testid=\"webpage-citation-pill\"><a class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium transition-colors duration-150 ease-in-out text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]!\" href=\"https:\/\/www.gov.uk\/government\/publications\/selective-licensing-in-the-private-rented-sector-a-guide-for-local-authorities\/selective-licensing-in-the-private-rented-sector-a-guide-for-local-authorities\" target=\"_blank\" rel=\"noopener\"><span class=\"relative start-0 bottom-0 flex h-full w-full items-center\"><span class=\"flex h-4 w-full items-center justify-between overflow-hidden\"><span class=\"max-w-[15ch] grow truncate overflow-hidden text-center\">GOV.UK<\/span><\/span><\/span><\/a><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"5811\" data-end=\"5814\" \/>\n<h2 data-start=\"5816\" data-end=\"5877\">Examples of flexible service levels (real-world scenarios)<\/h2>\n<ul data-start=\"5878\" data-end=\"6267\">\n<li data-start=\"5878\" data-end=\"6015\">\n<p data-start=\"5880\" data-end=\"6015\"><strong data-start=\"5880\" data-end=\"5901\">Overseas landlord<\/strong> &#8211; For instance, an overseas landlord may prefer full management plus an <a href=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/online-letting-agents\/\" target=\"_blank\" rel=\"noopener\">online portal<\/a> and local compliance checks (ideal for landlords who can\u2019t be on-site).<\/p>\n<\/li>\n<li data-start=\"6016\" data-end=\"6154\">\n<p data-start=\"6018\" data-end=\"6154\"><strong data-start=\"6018\" data-end=\"6041\">High-rent city flat<\/strong> &#8211; fixed-fee management may be better than percent fees (the math often favours fixed pricing at higher rents).<\/p>\n<\/li>\n<li data-start=\"6155\" data-end=\"6267\">\n<p data-start=\"6157\" data-end=\"6267\"><strong data-start=\"6157\" data-end=\"6179\">Portfolio landlord<\/strong> &#8211; a bespoke account manager, bulk pricing and consolidated reporting across properties.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"6269\" data-end=\"6272\" \/>\n<h2 data-start=\"6274\" data-end=\"6316\">FAQs (short answers for busy landlords)<\/h2>\n<p data-start=\"6317\" data-end=\"6541\"><strong data-start=\"6317\" data-end=\"6367\">Q: Are property management companies worth it?<\/strong><br data-start=\"6367\" data-end=\"6370\" \/>A: In many cases, if you own multiple properties, live far away, or want to reduce legal risk and time spent, they usually pay for themselves in saved time and fewer compliance problems.<\/p>\n<p data-start=\"6543\" data-end=\"6695\"><strong data-start=\"6543\" data-end=\"6589\">Q: Can I keep control of tenant decisions?<\/strong><br data-start=\"6589\" data-end=\"6592\" \/>A: Yes &#8211; many companies operate under agreed authorisation levels so you can approve certain decisions.<\/p>\n<p data-start=\"6697\" data-end=\"6896\"><strong data-start=\"6697\" data-end=\"6750\">Q: What happens if a tenant damages the property?<\/strong><br data-start=\"6750\" data-end=\"6753\" \/>A: Managers normally organise repairs and handle insurance claims or deposit deductions, but check the contract to see how costs are recovered.<\/p>\n<p data-start=\"6898\" data-end=\"7046\"><strong data-start=\"6898\" data-end=\"6940\">Q: Are management fees tax-deductible?<\/strong><br data-start=\"6940\" data-end=\"6943\" \/>A: Letting-related fees are typically allowable expenses &#8211; check with an accountant for your situation.<\/p>\n<p><strong>Q: How much do property management companies charge?<\/strong><br \/>A: Fees depend on the service. Let-only is often a one-off fee of around 8% to 12% of a year\u2019s rent or one month\u2019s rent; rent collection is roughly 3% to 12% of monthly rent; and full management is generally 8% to 20% of monthly rent, sometimes higher for HMOs or offered as a fixed fee. Always check what is included and whether VAT applies.<\/p>\n<p><strong>Q: Do property management companies need to be licensed?<\/strong><br \/>A: It depends on the nation. In England, agents must belong to a redress scheme and, if they handle client money, a Client Money Protection scheme. In Wales, they must be licensed by Rent Smart Wales. In Scotland, they must be on the Scottish Letting Agent Register and follow the Letting Agent Code of Practice.<\/p>\n<hr data-start=\"7485\" data-end=\"7488\" \/>\n<h2 data-start=\"7490\" data-end=\"7544\"><a id=\"Compare-property-management-companies-and-fees\"><\/a>Want a fast way to compare property management companies and fees?<\/h2>\n<p data-start=\"7545\" data-end=\"7851\">If you\u2019d like a quick comparison of property management fees and services, try a trusted comparison tool &#8211; it can reveal potential savings and show what\u2019s typical in your area. For an option tailored to landlords, see LettingaProperty\u2019s comparison page.<\/p>\n<p>We&#8217;ve compiled a list of the most popular letting agents and their fees, updated quarterly. The last update was in August 2025.<\/p>\n<div class=\"title\">\n<p>You can save up to \u00a31,966 every year by comparing property management fees. Start your free comparison and see how much more you could earn from your rental.<\/p>\n<ul>\n<li>Enter your postcode<\/li>\n<li>Compare fees &amp; ratings<\/li>\n<li>Maximise your returns<\/li>\n<\/ul>\n<div class=\"hs-cta-trigger-button hs-cta-trigger-button-277688217803\"><button style=\"background: #df5e09; color: #faf4f0; border: none; padding: 12px 20px; width: 100%; max-width: 280px; border-radius: 6px; font-size: 16px; font-weight: bold; cursor: pointer; display: inline-block; margin: 0 auto;\" type=\"button\"> <strong>Fee Comparison Tool \u2192<\/strong><\/button><\/div>\n<p>&nbsp;<\/p>\n<p>Whether you&#8217;re considering let-only, rent collection, or full management, we&#8217;ll help you make an informed decision &#8211; and save money along the way!<\/p>\n<p>Here&#8217;s a sneak preview&#8230;<\/p>\n<\/div>\n<figure id=\"attachment_13102\" aria-describedby=\"caption-attachment-13102\" style=\"width: 669px\" class=\"wp-caption aligncenter\"><a class=\"hs-cta-trigger-button hs-cta-trigger-button-277688217803\" href=\"#\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-13102 size-medium\" src=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/wp-content\/uploads\/2024\/05\/Letting-Agent-Fees-VIVO.webp\" alt=\"letting agent fees\" width=\"669\" height=\"350\" \/><\/a><figcaption id=\"caption-attachment-13102\" class=\"wp-caption-text\"><span style=\"font-size: 12pt;\">The fees shown are accurate as of 7 August 2025, as published on the agency websites. Calculations are based on a rental value of \u00a31,398 per calendar month and are displayed inclusive of VAT. We understand that fees may be negotiated at a local branch or franchise level. Where required, a Surrey postcode of GU25 was used for comparison purposes.<\/span><\/figcaption><\/figure>\n<h2><\/h2>\n<hr data-start=\"7853\" data-end=\"7856\" \/>\n<h2 data-start=\"452\" data-end=\"526\">Why choose LettingaProperty.com to reduce your property management fees?<\/h2>\n<p data-start=\"528\" data-end=\"790\">If you want to cut costs without cutting corners, <a href=\"https:\/\/www.lettingaproperty.com\/\" target=\"_blank\" rel=\"noopener\">LettingaProperty.com<\/a> is designed for landlords who care about returns and certainty. We combine a simple online dashboard with hands-on support so you get lower fees, professional management, and fewer surprises.<\/p>\n<p data-start=\"792\" data-end=\"809\"><strong data-start=\"792\" data-end=\"809\">What we offer<\/strong><\/p>\n<ul data-start=\"810\" data-end=\"1315\">\n<li data-start=\"810\" data-end=\"876\">\n<p data-start=\"812\" data-end=\"876\">Simple by Design: A clean, intuitive interface makes managing your property straightforward from day one.<\/p>\n<\/li>\n<li data-start=\"810\" data-end=\"876\">\n<p data-start=\"812\" data-end=\"876\">Real-Time Insights: Track viewings, applications, payments and more &#8211; all live in your dashboard.<\/p>\n<\/li>\n<li data-start=\"810\" data-end=\"876\">\n<p data-start=\"812\" data-end=\"876\">Support When You Need It: Access help from our property team whenever you hit a snag &#8211; we&#8217;re here to back you up.<\/p>\n<\/li>\n<li data-start=\"980\" data-end=\"1054\">Income Protection: With Vivo (Our property management platform), rent guarantee comes built in &#8211; so you don\u2019t lose out when tenants fall behind.<\/li>\n<\/ul>\n<p data-start=\"1317\" data-end=\"1612\"><strong data-start=\"1317\" data-end=\"1333\">How it helps<\/strong><br \/>\nIn practice, switching to a smarter service can reduce your overall costs (many landlords save substantially versus high-street fees) while keeping a hands-off, professional service. If guaranteed income and predictable costs matter to you, LettingaProperty is built around those priorities.<\/p>\n<p data-start=\"1614\" data-end=\"1870\"><strong data-start=\"1614\" data-end=\"1635\">Ready to compare?<\/strong><br data-start=\"1635\" data-end=\"1638\" \/><strong><a class=\"decorated-link cursor-pointer\" rel=\"noopener\" data-start=\"1638\" data-end=\"1701\"><span class=\"hs-cta-trigger-button hs-cta-trigger-button-277688217803\">Compare Management Fees &#8211; Free<\/span><\/a><\/strong><\/p>\n<p data-start=\"1614\" data-end=\"1870\"><strong data-start=\"1614\" data-end=\"1635\">Want to value your property?<\/strong><br data-start=\"1635\" data-end=\"1638\" \/><strong><a class=\"decorated-link cursor-pointer\" href=\"https:\/\/www.lettingaproperty.com\/instant-valuation\" target=\"_blank\" rel=\"noopener\" data-start=\"1638\" data-end=\"1701\">Get an instant valuation &#8211; Free<\/a><\/strong><\/p>\n<p data-start=\"1614\" data-end=\"1870\"><strong data-start=\"1753\" data-end=\"1807\"><a class=\"decorated-link cursor-pointer\" href=\"https:\/\/www.lettingaproperty.com\/calendar\" target=\"_blank\" rel=\"noopener\" data-start=\"1755\" data-end=\"1805\"><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/svg\/1f4de.svg\" alt=\"\ud83d\udcde\" \/> Book a Call with a Property Management Expert<\/a><\/strong><br data-start=\"1807\" data-end=\"1810\" \/>Ask questions, get advice, and get started today.<\/p>\n<hr data-start=\"7048\" data-end=\"7051\" \/>\n<h2 data-start=\"7053\" data-end=\"7117\">Final verdict &#8211; should you use a property management company?<\/h2>\n<p data-start=\"7118\" data-end=\"7437\">Reputable property management companies are a smart choice if you value time, predictability and professional handling of compliance. Alternatively, if you enjoy hands-on landlord work and have a single nearby property, self-management could save you money &#8211; but only when you keep up with rules and maintenance.<\/p>\n<p data-start=\"7439\" data-end=\"7617\">When comparing providers on fees and services, use a <strong><a><span class=\"hs-cta-trigger-button hs-cta-trigger-button-277688217803\">structured comparison table<\/span><\/a><\/strong> (fees, inclusions, reviews) &#8211; this approach will save you money and stress.<\/p>\n<p data-start=\"7619\" data-end=\"7832\">For a quick comparison of letting and management fees, see our <a href=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/letting-agent-fees\/\" target=\"_blank\" rel=\"noopener\">letting agent fees guide<\/a> &#8211; it\u2019s a good place to start when benchmarking costs against current market rates.<\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Are property management companies worth it?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"In many cases, if you own multiple properties, live far away, or want to reduce legal risk and time spent, they usually pay for themselves in saved time and fewer compliance problems.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Can I keep control of tenant decisions?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Yes, many companies operate under agreed authorisation levels so you can approve certain decisions.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What happens if a tenant damages the property?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Managers normally organise repairs and handle insurance claims or deposit deductions, but check the contract to see how costs are recovered.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Are management fees tax-deductible?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Letting-related fees are typically allowable expenses, but check with an accountant for your situation.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How much do property management companies charge?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Fees depend on the service. Let-only is often a one-off fee of around 8% to 12% of a year's rent or one month's rent; rent collection is roughly 3% to 12% of monthly rent; and full management is generally 8% to 20% of monthly rent, sometimes higher for HMOs or offered as a fixed fee.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Do property management companies need to be licensed?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"It depends on the nation. In England, agents must belong to a redress scheme and, if they handle client money, a Client Money Protection scheme. In Wales, they must be licensed by Rent Smart Wales. In Scotland, they must be on the Scottish Letting Agent Register and follow the Letting Agent Code of Practice.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 7<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>Managing a rental can be straightforward &#8211; or it can eat your evenings and weekends. Fortunately, property management companies exist to take the admin, compliance and tenant headaches off your [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":12790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[16,18],"tags":[21,109,107,108,110],"class_list":["post-11015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-landlord-advice","category-rental-process","tag-property-management","tag-property-management-companies","tag-property-management-companies-london","tag-property-management-companies-near-me","tag-property-management-companies-uk"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property Management Companies \u2014 Services &amp; Costs<\/title>\n<meta name=\"description\" content=\"Discover how UK property management companies save time, ensure compliance &amp; protect your income. 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Practical tips to choose the right manager.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/property-management-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Landlord Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/lettingaproperty\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-15T08:47:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-07T20:49:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/wp-content\/uploads\/2021\/09\/3c402ed5-9f86-404f-9000-754d78d6cc52-e1751468900483.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1099\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Shannon Hall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@lettingproperty\" \/>\n<meta name=\"twitter:site\" content=\"@lettingproperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shannon Hall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/\"},\"author\":{\"name\":\"Shannon Hall\",\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/#\\\/schema\\\/person\\\/5538822777a6b8f7c2fb74e77b8b2766\"},\"headline\":\"Property management companies: services, costs &#038; do you need one?\",\"datePublished\":\"2024-05-15T08:47:56+00:00\",\"dateModified\":\"2026-07-07T20:49:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/\"},\"wordCount\":1954,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/3c402ed5-9f86-404f-9000-754d78d6cc52-e1751468900483.webp\",\"keywords\":[\"Property management\",\"Property management companies\",\"Property management companies London\",\"Property management companies near me\",\"Property management companies UK\"],\"articleSection\":[\"Landlord Advice\",\"Rental Process\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/\",\"url\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/\",\"name\":\"Property Management Companies \u2014 Services & Costs\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/property-management-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lettingaproperty.com\\\/landlord\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/3c402ed5-9f86-404f-9000-754d78d6cc52-e1751468900483.webp\",\"datePublished\":\"2024-05-15T08:47:56+00:00\",\"dateModified\":\"2026-07-07T20:49:22+00:00\",\"description\":\"Discover how UK property management companies save time, ensure compliance & protect your income. 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