PayProp CEO, Louw Liebenberg, says that while both choices have merit, each comes with relative risks and benefits.
"Investors sometimes underestimate the amount of time and skill required to successfully manage a rental property - from repairing fallen curtain rods to managing electricity usage and collecting rent. It's a time consuming, sometimes menial and often frustrating task," says Liebenberg.
Managing your property
Using an agent
Liebenberg says that recent changes in legislation have made it increasingly difficult for private landlords to do what is fast becoming a highly specialised job. "Our advice is that unless you really know what you're doing, that you opt for an estate agency to manage your rental property and take the hassle out of your investment."