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  And then imagine what would happen if the standard scale of speeding fines were to be repealed and replaced with a fine of up to […]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

Continue Reading 0
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 […]

Continue Reading 0
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 […]

Continue Reading 0
Is this the end for Tenant-find only?

Is this the end for Tenant-find only?

One of my big clients has just dis-instructed themselves from 131 tenant-find only properties that used to bring in fee income of just over £50,000 per annum.  They have been planning to do this for three years and they have finally done it.  Are they mad?  Well, let me try to explain their logic. Their […]

Continue Reading 0
If only

If only…

Grant me just a single “if only” and I would probably be a billionaire by now.  If only I had mortgaged myself to the hilt and bought more buy to let properties in the early 1990s when they were so cheap.  If only I had bought all the estate agency and letting businesses that I […]

Continue Reading 0