With major changes coming to the private rental sector through the Renters’ Rights Act, many landlords are taking a step back and asking an important question: how do I want to manage my property going forward?
From May 2026, new rules will significantly reshape the way landlords operate—bringing in the end of Section 21 “no-fault” evictions, moving all tenancies to rolling agreements, and tightening rules around rent increases and tenant rights. These reforms represent one of the biggest shake-ups the rental market has seen in decades, and they place greater responsibility on landlords to stay compliant and well-informed.
At JW Wood Estate Agents, we’re already helping landlords across County Durham prepare for these changes. One of the key decisions is whether to manage your property yourself or use a professional letting agent.
What Does Managing a Property Actually Involve?
Before diving into the pros and cons, it’s important to understand what “property management” really means.
Managing a rental isn’t just collecting rent—it includes:
· Marketing the property and finding tenants
· Referencing and legal paperwork
· Rent collection and deposits
· Ongoing maintenance and repairs
· Staying compliant with ever-changing legislation
In short, it’s an ongoing responsibility that requires time, organisation and up-to-date knowledge.
Option 1: Managing the Property Yourself
Many landlords choose a hands-on approach—but it’s worth weighing up both sides.
The Pros
1. You save on fees By managing the property yourself, you avoid paying management fees.
2. Full control You decide who your tenants are, how the property is maintained, and how issues are handled.
3. Direct relationship with tenants Some landlords enjoy building a direct relationship, which can lead to better communication and long-term tenancies.
The Cons
1. It can be time-consuming From late-night maintenance calls to arranging repairs, managing a property can quickly become a second job.
2. Keeping up with legislation With reforms like the Renters’ Rights Act introducing new rules on tenancies, rent increases and evictions, staying compliant is becoming more complex than ever.
3. You’re fully responsible From safety certificates to deposit protection and legal documentation, everything falls to you—and mistakes can be costly.
4. Handling maintenance and emergencies You’ll need trusted contractors and the time to manage issues quickly and efficiently.
Option 2: Using a Letting Agent
For many landlords—especially with new regulations on the horizon—using a professional agent offers a more hands-off and secure approach.
The Pros
1. Saves you time and stress A letting agent handles the day-to-day running of your property.
2. Expert guidance on compliance With legislation evolving, having experienced professionals ensures you stay on the right side of the law.
3. Professional tenant management From referencing to inspections and rent collection, everything is taken care of.
4. Peace of mind Particularly valuable if you don’t live locally or have multiple properties.
The Cons
1. Management fees There is a cost involved, which reduces your monthly return.
2. Less day-to-day involvement Some landlords prefer a more hands-on approach.
3. Responsibility still sits with you Even with an agent, you remain legally responsible for your property.
So, Which Is Right for You?
The answer depends on your time, experience and how involved you want to be.
You might prefer self-management if:
· You live locally
· You have time and confidence managing legal requirements
· You enjoy being hands-on
You may benefit from a letting agent if:
· You want to reduce stress and save time
· You’re unsure about changing regulations
· You prefer a more hands-off investment
How JW Wood Can Help
At JW Wood Estate Agents, we offer a first-class service for landlords across County Durham, designed to take the pressure off—especially as new legislation comes into force.
Our service includes:
· Expert marketing and tenant finding
· Full property management
· Rent collection and compliance support
· Ongoing maintenance coordination
· Friendly, local advice tailored to you
We keep up to date with all regulatory changes, so you don’t have to—helping you protect your investment and avoid costly mistakes.
Managing your own property can work well for some landlords—but with the rental landscape changing, it’s becoming more demanding than ever.
Having the right support in place can make all the difference.
If you’d like to understand your options or prepare for the upcoming changes, the team at JW Wood Estate Agents is always here for a friendly, no-obligation chat.
Sources: NRL and LandlordZone