The demise of the online estate agency sector

The demise of the online estate agency sector

‘Happy New Year… As I sit down to write this article, the first one of 2019, the estate agency news magazines, websites, portals and indeed, Twitter, are full of stories about the demise of the online estate agency sector, says Adam Walker, I hate to say ‘I told you so,’ but…” Emoov has just collapsed […]

Continue Reading
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 […]

Continue Reading
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 […]

Continue Reading
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 […]

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  And then imagine what would happen if the standard scale of speeding fines were to be repealed and replaced with a fine of up to […]

Continue Reading