Should I act as an informal managing agent
Other

DPT
DPT
2,847 Thanks
11,579 Posts
9 years ago
0
I own and manage 3 rental properties and have made it my business to learn the legal and practical requirements for letting property in order to be a 'good landlord'. My Brother-in-law is about to buy his first rental property and has asked me if I will manage it for him, for which he will pay me a fee. It wouldn't be worth my while doing it formally, (registering, getting insurance etc) for one property but am I ok to take it on informally? What are the risks to him and to me? How should I describe myself to his tenants?

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