If you’re a landlord in Wales, consider whether you should manage your rental property yourself or use a letting agent. While self-management may appear to save you money, it’s not always the hassle-free route it seems, especially with Wales’ unique legislation.
✅ Pros of Self-Managing Your Property
1. Saving on Management Fees
You’ll avoid monthly fees, which on the surface can seem more profitable.
2. Direct Oversight
You make the decisions and build direct relationships with tenants.
3. Personal Satisfaction
Some landlords enjoy handling their property affairs and learning the ins and outs.
⚠️ The Reality: Cons of Self-Managing in Wales
1. Rent Smart Wales Compliance
You must be registered and licensed to self-manage legally. This involves completing training, passing assessments, and renewing your licence every 5 years.
2. Time-Consuming
Chasing rent, organising repairs, conducting inspections, and managing disputes can quickly turn into a second job.
3. Complex Legal Responsibilities
Landlords in Wales must meet legal obligations under:
- Renting Homes (Wales) Act 2016
- Fitness for Human Habitation (FFHH)
- Gas & Electrical Safety, EPCs, deposit protection, and more
4. Financial Risk
One missed form or incorrect notice can lead to court cases, fines, or voided possession claims.
🏡 A Hassle-Free Alternative: REMAX Estate Agents Barry
Why not enjoy your rental income without the admin, stress, or legal headaches?
At REMAX Estate Agents Barry, we offer a fully managed service from just 8% + VAT PCM, providing you with the convenience of property ownership without the stress. Let us handle the day-to-day tasks so that you can focus on other aspects of your life.
Our Fully Managed Lettings Service includes:
- 📋 Full compliance with Rent Smart Wales
- 👨🔧 Trusted local contractors
- 💬 24/7 tenant support
- 💰 Rent collection & statements
- 🔒 Deposit registration and protection
- 📆 Regular inspections and legal notices
- 🧾 Monthly reporting to landlords
All this for just 8% + VAT per month — no hidden fees.
💬 Final Thought
While self-managing your property might seem like a cost-effective option, the risks and responsibilities are high, especially in Wales. For many landlords, the peace of mind and legal protection that come with professional management are invaluable.
Let REMAX Estate Agents Barry handle the hard work so that you can enjoy reliable, hassle-free rental income. With our fully managed service, you can trust that your property is in good hands.
