Archive | Letting Agents

How to value a letting agency

How to value a letting agency

A lot of nonsense has been written about how to value a lettings business.  Some people say that they are valued on a multiple of profit.  They are not.  I sold a letting business recently for £3.65 million which was trading at a loss!  Some people say that they are valued on a multiple of […]

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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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