Transferring from an agent to self managed using open rent

Landlord Discussion
1

I am a new user of open rent and a landlord of some years- I have always used an agent but want to now self manage

I have a tenant who will renew for a second year, how do i transfer from the agent to open rent - what are the main things to be aware of?

Thanks in advance.
Simon

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The first thing to be aware of is that you will probably need to pay a substantial fee to get out of the current contract with the agent. Read the document you signed.

The second thing to be aware of is how much you dont know. There is a lot of law and bureaucracy governing our sector and unless youre on top of it all you can lose your shirt. Id suggest joining a landlord association and doing some training if youre not already a member.

3

Hi David

Do you think that to move to using Open Rent in general, it is best to be members of a landlords association and to do some training?

Thanks

1 Like
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Openrent can provide you with the tenancy agreement and many of the first steps, but it is then up to you to know how to manage and possibly end the tenancy. My view is that no-one should be self managing without the requisite knowledge.

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