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Does anyone have experience of a reliable honest lettings agent in the Salford / Manchester area? - looking for a firm for a full management service.
Also, does anyone have experience of online based rental management companies? They seem to be cheap but are they any good?
I won't be able to answer your question directly but was curious to know for my own market research...
If there was a company that offered really good quality service for full management, what percentage fee of the monthly rental would be willing to pay for it?
Would something like 12% management fee be a reasonable request but this would include no additional cost such as all sorts of fees that a normal estate agent charges - eg contract renewal fee, inventory fee, tenant find fee, etc. Basically a fixed cut from rent for a packaged service.
Disclaimer: I'm not a legal expert or an advisor on any subject. A mere landlord using open forum to share ideas and experiences.
My current lettings agent charge 6% but they haven't looked after the property well. They also tried to charge an outgoing tenant hundreds of pounds for damage that pre-existed the tenants move into the property. In short 6% got me an agent that was unreliable and dishonest, they also do charge tenant find fee etc..
If an agent was charging a 12% flat fee, was reliable and honest, and wouldn't try to mis-treat tenants that would appear to be a good service offer to me
That's for the feedback. It's something I'm working on to create that model.
I used estate agents before and the service I got from them for the fees that they were charging was atrocious. I thought I could do a better job and create my own more rounded company. I'm still in the process of building it but collecting research to understand what landlords would be willing to pay for a service which focuses on making things open and transparent between LL and Tenants but have a simple pricing model without hidden charges.
Sounds interesting. You don't happen to live in/near Manchester do you?
I live in the Midlands at the moment. Starting small and hopefully through building a reputation I end up moving to other regions of UK.
I'll share my experience and journey on this forum as I find it really useful to get different views from everyone.
Good luck with it all - keep us posted
Hi Roger,Here is some advice about how to find a reputable and compliant lettings agent:How to vet a lettings agent ... 12 questions to ask
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Thanks Vanessa - much appreciated
We are based in Manchester and Salford area and I'm more than happy to chat with you about our service.
Hi Sandra, Thanks for replying to my post. I'll be in Manchester this Wednesday afternoon, perhaps we can book an appointment? My present lettings agent have told me they're not insured to drive me to my house in Salford! - does that sound reasonable to you?