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Since last weeks Autumn Statement announcement that there will be a ban on letting agents charging fees to tenants, it has been suggested that many more landlords should consider ditching 'rip-off agents'.
Many experts believe this latest legislation for the private rented sector in England and Wales will lead to higher rents, as landlords seek to raise extra funds to help support agents who will undoubtedly shift the fees on to landlords.
But one commentator has suggested that it is easy for landlords to avoid becoming “villains” after the tenants fee ban by choosing to simply “ditch rip-off agents”.
Simon Lambert, editor of This is Money, wrote on the website: “Landlords are always ripe for a kicking in some circles, so it should come as no surprise that they were swiftly painted as potential future villains in the ban on tenant fees.
“The theory on the news that Chancellor Philip Hammond would ban tenant fees in his Autumn Statement was that buy-to-let owners would respond by passing on higher costs through rent rises.”
But Lambert suggested that buy-to-let landlords have as much right to be “as angry as tenants over letting agency fees”.
“Many [landlords] pay handsomely for letting and management already and the fees they pay are meant to cover many of the things that some unscrupulous letting agents also charge tenants for.
“A check with their agent on the level of double-charging going on would leave a landlord as grumpy as their tenant.”
Earlier on in the year we reported that a recent survey has shown that some 27% of landlords consider online letting agencies to be a more attractive option for managing property than traditional agencies these days – with 31% of landlords considering going online to save more money.
This is no surprise to us at TR Lettings, what with one of our latest landlord clients accumulating 34,953 property views in just 8 days of listing their property online with us!
No wonder more and more landlords are looking for a more effective way of letting their property whilst remaining in control of such things as viewings, tenancy agreements, etc; we’ve lost count of the amount of stories we hear from landlords about suffering at the hands of the traditional high-street letting agent, e.g.
This must be why more and more landlords are taking advantage of the competitive lettings packages available at trlettings.co.uk.
Where this Christmas we are now offering all UK landlords the following:
For just £20 (+VAT):
Your property will be on the market with the best advertising portals in the UK such as Rightmove, Zoopla and Prime Location within hours of upload. We will then forward you any (pre-vetted) leads interested in letting your property by email, so that you can operate the viewings as well as explain what the local amenities offer and the virtues of your own property.
Managing and looking after your own properties isn't all that difficult. One of the most important things is getting the right tenant and with Landlord Referencing's services you have a head start. The rest is knowing your statutory obligations.
Full time experienced landlord & property investment mentor in West Yorkshire.
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