The results clearly show that landlords are being overwhelmed by the sheer volume and complexity of rules and regulations in the rental market. In fact, compliance with law and legislation was listed as the most challenging aspect of managing a rental property by almost two thirds of landlords (63.4%).
While hiring a letting agent to manage your properties would remove the stress of compliance, many landlords simply don’t want to hand over 10-15% of their rental income to secure a full management service. Landlords are also wary of the fact that the cost of using a letting agent could increase even further when the Tenant Fees Ban comes into force.
Research from ARLA Propertymark found that tenant fees make up on average one fifth of letting agents’ revenue and that two thirds of letting agents would recuperate losses from the fees ban by increasing costs for landlords.
This means that landlords are stuck between a rock and a hard place – with increasingly complex and difficult to manage compliance responsibilities on one side, and increasing costs for professional management on the other.
Are you worried? Contact us today as we have given a price freeze promise that our fees to landlords will not increase above today’s fees for the force-able future.
Do you want £100 in shopping vouchers?
It really is very easy to get them! If you know anyone that is looking to sell or rent their home, just contact us and pass their details to one of our team. We will then contact them, arrange a visit and if the property comes on the market then you get to choose which shop you would like your £100 voucher for! We have given out so many of these this year and recognise that recommendations in business are one of the most common and important ways of securing new clients.
Landlords, don’t forget, if you’re not happy with the current level of service that you are receiving and the fees that you are being charged, our fully managed service starts at just 2%+vat and we arrange the transfer of the tenancy to Evolution absolutely free of charge, AND, we will also give you the £100 voucher for each home!
Don’t delay, get referring and contact us today!
Properties must be within easy reach of our office and instructed on a sole agency basis – contact us today to check eligibility.