Manchester is a great place to live and work. The city attracts young professionals from all over the UK, drawn by the job opportunities, the vibe of the place and the culture. Many students who come to Manchester choose to stay on afterwards and make the city their home. This means that there’s a huge demand for rental property.
Not all landlords are professionals with huge property portfolios. More and more part time amateurs are getting into the lettings game. It’s a great way to move without having to sell or to set up an investment to sit alongside existing pension arrangements.
The sales market is slow at the moment, so rather than try to offload a property in order to move, some vendors are giving up and letting their home instead. Manchester letting agents are always on the look out for quality properties. House prices have remained stubbornly high, pricing the next generation of home buyers out of the market. This is fuelling demand in the rental sector even further. It could be a smart move.
Letting agents Manchester help property owners who are new to the business find their feet. They offer two distinct services. Firstly fully managed. This means that they’ll advertise the property, vet the tenants and handle on going management issues each month. It’s a service that offers security and peace of mind for landlords who aren’t in a position to take a close interest in their property.
Tenant find is slightly different. It still includes advertising and vetting, but not on going management or monthly fee. Either way it’s nice to have the support of professionals who can help property owners make the jump across to being landlords. If that Manchester property that’s currently on the market is refusing to shift, then letting could be a solution.