One of my councils owns a residential property, formerly a tied cottage. The original tenancy agreement was handled by a management company that then collected rent and managed the property on our behalf. More recently, we've dispensed with the agent and deal directly with the tenant. As long as the properties are kept in good order, there shouldn't be many maintenance issues, so the role isn't too onerous for the Clerk. There is, however, always the potential for a bad tenant to cause problems. We don't have GPoC.