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Online letting agent, Upad, has announced that, in response to feedback from its clients, it has revamped its payment options with the launch of ‘Pay on Success’ for its premium offering.
According to the agent, “Pay on Success” is its most comprehensive pricing option and is intended to appeal to less experienced or first-time landlords.
It includes a premium Rightmove listing with professional photography, as well as all the necessary paperwork to ensure the tenancy meets all compliancy requirements. Importantly, the £399 fee is only payable once a tenant has been secured and the referencing process starts.
James Davis, founder and CEO of Upad, explains:“We continually review our service to landlords. This ensures that the options we provide not only meet their current needs but exceed expectations and allow us to stand-out in comparison to traditional high street agents. The launch of our ‘Pay on Success’ package is one such innovation.
Landlords don’t come in one size and we’ve always offered a variety of options to reflect this".Congratulations to Upad on their news that, in the final quarter of 2017, the number of landlords registering to use Upad’s services grew by 20% compared to the same period a year before and that’s at a time when we’re being told landlords are withdrawing from the market!Here is a reprise of "Self Managing Landlord Week" 2017, which was powered by Upad on Property Tribes.
Self Managing Landlords Week 2017 - powered by UpadMonday - Should you self-manage?Tuesday - Conducting viewings
Wednesday - Most common landlord/ tenant complaintsThursday - HMO ManagementFriday - Setting up a tenancy - Legal Guide *Transparency notice: Upad is the self-managing lettings partner of Property Tribes.SEE ALSO - Welcoming Upad to Property TribesUP NEXT - 3 things: James Davis of UpadDON'T MISS - Upad v OpenrentNOW WATCH:
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**
The increase in business for Upad by 20% is just caused by LL deserting traditional High St LA for the better Upad offer.
Plus Upad will have been growing organically due the popularity of the online LA pioneered by Upad
In light of cost pressures etc many more LL will be terminating their LA contracts and moving to Upad and adopting self management.
Traditional LA are going to struggle in what for them will be very challenging times.
Not so for operations like Upad who will go from strength to strength.
No if Upad could also destroy traditional EA happy days for house sellers aswell!!
Alternatively, landlords could use a low cost fixed price letting agent.
Our tenant find service is only £150.00, we manage single lets for £50 per month and HMOs for £100 per month on our Pay AS You Go plan.
Rooms In Cardiff firstname.lastname@example.org | Guaranteed Rent | Low Cost Management £50/month |Pay As You Go HMO Management | Cardiff Letting Agents & Property Managers | Delivering Double Digit Net Property Returns
Rent Smart Wales Agent Licence Number: LR-37010-29907
The Property Ombudsman: E1405
We operate Client Money Protection
Still far too expensive
4 flats at your prices would cost me £2400 per year!!!
Simply unaffordable for me.
I source tenants for nothing.
I self manage for effectively nothing.
Many LL will simply take to self managing.
S24 is a cost that has to be paid for somehow
Many LL will choose to use what was the LA management fee
Yes the LL will have to put up with inconvenience of self managing but that is a minor detail now that S24 taxes can be paid for with what was the LA fees.
LL won't especially mind though it will be a bit of a pain.
It is LA that will be going out of business as S24 LL desert even cheap LA like you.
When taxes start to bite LL have little choice than to start self managing
We also enable Landlords to advertise their properties on Zoopla and Spareroom for jus £35.00!
I agree, alot of agents are going to find it tough when S24 really kicks in.