For those unsure whether being a hands-on landlord is right for them, it’s important to consider their current lifestyle. The big question is whether the investor’s current commitments allow them to dedicate extra time in their week towards managing their new rental property.
It’s also essential for investors to consider their current lifestyle and if it allows them to dedicate extra time weekly to property management.
For some, spending as little as two hours per week may be feasible, while for others with demanding careers or busy lives, this may not be realistic.
Another key thing to think about is the required and possible availability of landlords to their tenants.
Tenants in the UK have the right to expect timely repairs within their rental home. If a tenant reports a potentially dangerous issue that needs urgent attention, landlords will need to respond and deal with the issue as soon as possible. For those who work full-time careers or spend time travelling outside of the country, this is much more difficult.
