Letting agents have seen an increase in demand over the last 18 months from landlords wanting to have their properties managed, according to Townends Estate Agents, part of the Badger Holdings Group.

It appears that landlords are seeking to use a professional agent as they believe that they have a better grasp and understanding of compulsory legislations such as Energy Performance Certificates (EPCs), Tenancy Deposit Schemes and Houses of Multiple Occupancy.

Caroline Kavanagh, group lettings director for Badger Holdings, said: “The last 18 months has seen a significant rise in the number of landlords opting for a managed service. Property management involves the processes, systems and manpower required to manage the life cycle of a tenancy, which many landlords, having experienced the process themselves, now realise the benefit of having a managed service.”

Tenants apparently are also more interested in renting a managed property as they wish to benefit from full security on maintenance issues and the knowledge that their deposit is secure and has been handled in line with legislation, this combined with the peace of mind that a professional agent is on hand to assist with any needs whilst they are renting.