Archive | Letting Agents

Money matters

Money matters

“Money…” How would you complete the sentence? Money makes the world go around? Money is the root of all evil? What is your instinctive answer? And why is this important? says Adam Walker. Well, the attitude that we have towards money plays a very important role in determining how much of it we earn, how […]

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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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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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