I'm new to this business and currently own one property that is been managed by a letting agent. I am paying them £100 per month, for what looks like doing very little.
Can someone tell me what I need to do to take it on myself i.e. what forms will I need the tenant to sign, they paid a 3 month in advance deposit (which is currently being held by the agent), do I take that, if so where do I put it? And any other advice and recommendations would be very much appreciated.
I look forward to learning much and in the future to be able to give advice myself.