Updating post from Reddit.

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QUESTION
Posted by DonutGlum184 1 day ago
Why using an agent to manage BTL is bad?

What’s the harm? I saw a recent post where it seems most landlords are against getting an agent.

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Posted by Proper_Capital_594 1 day ago

Some just don’t do the job you’re paying for. Better off doing it yourself. Find a good one, you might be ok. My experience is they’re not worth the fees. They don’t care much about your property or tenants. Just there for the fees.

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Posted by phpadam 1 day ago

The profit margins are tight, so taking 15-20% of income is a simple cut. However, 15-20% isn't enough, so they have add-on charges for everything these days, eating away at margins repeatedly. Then you have just general bad service to consider. If you do want to end the contract, they have terms saying you have to continue paying them for as long as the tenant stays. In 2025, it's even crazier as many are writing into contracts that if you sell the property to a tenant, for example, they deserve a cut. Many landlords would rather cut expenses and DIY. The problem with this is it’s no longer a simple exercise, it’s heavily regulated, and a mistake can be costly. This is fine if you have plenty of time to keep up-to-date and follow good practice, but most landlords often have high-earning jobs that don’t leave that free time.

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Posted by DonutGlum184 1 day ago

Never heard that one before where you have to continue paying them until the tenant stays and them getting a cut if tenant decides to buy. Where can you find the documentation relating to that?

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Posted by DonutGlum184 1 day ago

That is very sneaky if they are adding that into the contract

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Posted by phpadam 1 day ago

Lots of sneeky stuff in the small print of the landlord/agent contract.

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Posted by DonutGlum184 1 day ago

Tbh government penalising landlord and then even agent do this stuff it is hard to keep up 😅

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Posted by Optimal_Anteater235 1 day ago

Stay away with agents that put silly unenforceable clauses in their contracts. Find a good local independent.

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