Tag Archives | business

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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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  And then imagine what would happen if the standard scale of speeding fines were to be repealed and replaced with a fine of up to […]

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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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Who Will Defend Us?

Who Will Defend Us?

I have written about this subject before but it’s becoming ever more important so I make no apologies for writing about it again.  Hardly a week goes by now without a negative article in the press about estate agents and landlords.  Last weekend, a leading firm had their office besieged by a large crowd of […]

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What next for the online agents?

What next for the online agents?

The online agents have made considerable progress in the last year but I do not believe that this will continue.  Why do I say this?  Because I suspect that they are not selling enough houses.  A really good estate agent will sell 90% of the houses that they take on and will get 90% of […]

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Is the tenant fee ban the thin end of the wedge?

Is the tenant fee ban the thin end of the wedge?

I am beginning to wonder what I’ve done to offend this government.  Firstly, David Cameron misjudged the mood of the electorate and triggered Brexit.  As a direct consequence, fifteen of the estate agency business sales that I had arranged fell through.  I spent four months putting most of these sales back together again only to […]

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