Singing Pig

I would think "stay as you are" too.

 Remember too that although your rental assessment for property income is worked out on an accruals basis (so you are deemed to have received all your rent within the tax year that should be due for that year, whether you have been paid or not) that voids and "irrecoverable " rent are allowable expenses.  Also make sure you are claiming everything you can as an allowable expense.

 The company for property services has potential, we looked into doing that ourselves, but it's not tax efficient for us at the moment as we have another (non-property related) Ltd Co which is our main source of income.

If you haven't done so already, make sure that incomings and outgoings to do with the properties are dealt with in a separate bank account from the one you use on a day to day basis, and to which your salary is paid.

This makes things so much clearer.

Also means that you can very easily see if you're running at a loss (some people are in denial these days!)

Although accruals basis normally applies, it is possible to make a reserve for bad debts (although not merely a general reserve).

A company can be useful to shelter income and utilise rental losses against other  income.

Capital gains are usually better held personally.