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  • Landlord Resources

    A new, easier way of tracing owners of empty properties.

    I just came across TraceWise on Twitter.

    traceWise offers a unique service to help you find a property owner quickly and provide you with an up to date set of contact information including, in most cases, telephone numbers.

    Charges appear to start from £10.00 for a successful trace.

    On LettingAgentToday, Michael Day, a consultant working with the company said:

    “The days of putting rain forests of leaflets through doors, particularly where the target isn’t in occupation, are about to end.”

    The cost is usually between £15 and £25 per trace, depending on the amount of data supplied and any volume discount. Traces that produce no data are not charged.

    Gavin Nathan is managing director of traceWise, which has been quietly trialling the product amongst a few agents for the last 12 months.

    He said: “Having fine-tuned our proposition to clients and established a foothold in the property market, we now plan to rapidly grow the business.”

    Fellow director Juliette Chan said: “The traceWise service is of huge interest to estate and letting agents as it enables them to identify and contact potential clients in a highly targeted and professional fashion.

    “The days of randomly dropping leaflets through doors, particularly in regards to letting property, is ending, and the ability to use a guided missile to hit a target rather than a scatter-gun approach is the way forward.”


    Could be useful to landlords and deal sourcers, non?
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    I would have thought it would be extremely useful and at £15-25 it will not break the bank if things do not pan out. I wonder if they trace previous tenants and guarantors as well because at that price that would be good value as well.
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    The service sounds interesting. No need at present. Maybe about to start a project that could turn out a requirement to trace a specific owner so will keep the service in mind if the need does arise.
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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.

    PropertyFortress.com/Events

    Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.

    Sounds Very similar to the company i was contacted by who offered same service, only slightly cheaper.

    " I can give my clients (letting agents and estate agents) the contact details of any landlord of any leasehold or freehold property who is on the market with the competition.

    So our clients find properties they want to us target. The lowest hanging fruit are land-lords where the land-lord will desperate for a tenant (normally land-lords of who have been on the market for a 3 or 4 weeks with other agents where the price and condition is Ok, but its been poorly marketed by the competition - again we can show you how to locate if you need help and guidance) and we provide you, the letting agent, with the contact details of the land-lords. If however, you want to target newly listed properties to try multi agency - the choice is yours? " cost £15 per search
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    Hmm, the service is great but it does seem quite expensive relative to the cost of leafleting, although leafleting is unlikely to get your message across to landlords unless the property is empty, as tenants won't pass on leaflets. I can't see leafleting working to attract landlords at all.

    Unless a property is already on the market to let with another agent though, surely there's no way of knowing if a property is tenanted - other than by guessing. Unless the property has that 'more tired than the neighbours' look which tenanted properties can have!

    It would be good for empty properties to target, probably to buy.

    It will be interesting to see what strategies people come up with to make using the service more efficient and cost effective, rather than just targeting properties that have already chosen to go with another agent.

    Angela
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    Author of The Complete Guide to Property Strategies

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins

    Sorry if I'm being dense, but surely in a lot of cases you can find this info yourself?

    1. Land Registry search (£3).
    2. If address details are to the empty property or an out-of-date address, typing the owner's name (as found on LR search) into 192 / a similar directory for a current address (£10 for multiple searches) / Companies House if a company

    No, it won't work for John Smith from London, but in general effective - what am I missing?
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