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there is fuck all money in that
I think that's a bit far fetched, granted the glory days are long behind us, but still a very viable option (esp during current low interest era). But property is proven investment that has out performed nearly every other conventional asset class.
Make sure you do your homework and your sums to make sure your more then covering expenses (esp tax) and keep a pot for potential issues. Most importantly find good tenants. As long as the property is local you can easily manage it yourself.
wildwest
NotThamesWater
My guess is that a management company would charge you 5 / 10 / 15% for doing fuck all, and you'd end up having to pay more to get anything fixed whatever happened.
If someone trashed your place, you will have to pay for it yourself, unless you're insured against it - A management agent will not insure you themselves, but will happily charge a premium on top of the insurance they get for you.
Openrent has a lot of useful add-ons for self-managers - insurance, for example (contingent on having them do the background checks etc...), rent collection (£10 a month, iirc).
If you own the place already, it could be worth it. I'd never actually buy a place to rent it out - there is fuck all money in that, unless you're prepared to be a slumlord.