WARNING : A Crimewave is about to happen

WARNING : A Crimewave is about to happen

Let’s consider the example of a small letting agent turning over £300,000 per annum mostly from let-only properties.  At the moment, they might be making a profit of 20% of turnover which is £60,000.  This provides a comfortable living for the proprietor.  But agents like this currently earn up to one third of their income […]

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Will your letting business survive?

Will your letting business survive?

It is becoming increasingly clear to me that a lot of letting businesses are not going to survive the tenant fee ban that is due to come into force next spring.  The businesses that seem destined to fail are the let-only businesses, many of which were set up by residential sales agents in response to […]

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Breaking up can be hard to do

Breaking up can be hard to do

Divorce is a terrible thing.  All marriages start with such high hopes of eternal happiness and yet months, years or even decades later, over half of all marriages end in acrimony and divorce. The breakdown of a marriage is a difficult thing for both partners to deal with but the breakdown of a business partnership […]

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GDPR CHAOS

GDPR chaos

Imagine what would happen if all the speed limits were abolished tomorrow and replaced with new legislation to say that motorists would, in future, be prosecuted for “going too fast”.  And then imagine what would happen if the standard scale of speeding fines were to be repealed and replaced with a fine of up to […]

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Why tenant fees are not the only problem

Why tenant fees are not the only problem

Letting agents are understandably concerned about the impact of the tenant fee ban but unfortunately this is not the only threat to your future income.  A far bigger threat is the financial impact of tenants staying in the same property for much longer periods.  This is not a matter of opinion, it is a matter […]

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The other credit crunch

The other credit crunch

A great deal has already been written about the new mortgage rules.  Owner occupiers seem to have come to terms with the new lending criteria and have resigned themselves to the impact that they have had on the type of home that they can afford. The impact of the new lending rules for buy to […]

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Students are scum, aren't they?

Students are scum, aren’t they?

Every year, over 200,000 students rent a house for the first time.  For most, it is their first experience of dealing with a letting agent and all too often their experience is a bad one.  I speak from personal experience as both of my daughters have recently graduated from university. One of my daughters said […]

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