Or are they simply ticking boxes so they can say the job is done and move on? Sadly, there are far too many letting agents that simply turn up and tick boxes, leaving landlords with no real idea of the condition of their property. Many landlords view this as effectively being able to take advantage of a free find a tenant service.
However, this will quickly turn into a significant chunk of your buy-to-let profits once the tenant has moved in and the monthly fee kicks in. When choosing a letting agent, it pays to look long term. Also bear in the mind that if the same tenants decide to stay on past the initial fixed term, you will almost definitely end up paying a renewal fee to your letting agent. On top of this, your tenants will most likely be forced to pay a renewal fee too.
The renewal usually consists of re-printing a tenancy agreement with new fixed dates- question whether you, and your tenants, are prepared to pay such a steep fee just for continuing a tenancy.
R2Rshortandsweet 24 Hello! How do the agents make money? There are two main services that most letting agents provide: Tenant Find Only The letting agents will find tenants for the landlord and charge the landlord a one-off fee and the landlord will manage the tenants in the property. You need to package up the following highlights and deliver them in a way that agents can understand: Offering guaranteed rent Agents continue to receive their fees The property is being managed That's everything the letting agents want as well as the minimal risk in the transaction as at the moment they don't know you so that makes dealing with you a risky business for them.
Start The Free Training. Join the Group. Book a call with us. About Us. Rent 2 Rent Secrets Stephanie Taylor March 8, rent to rent , rent 2 rent , r2r , rent to rent training , rent 2 rent training , r2r training , rent to rent course , rent 2 rent course , r2r course , rent 2 rent success , rent 2 rent kickstarter , rent 2 rent kickstarter coaching programme , rent 2 rent coaching , rent to rent coaching , r2r coaching , stephanie taylor , nicky taylor , rent 2 rent success story , rent to rent success story , r2r success story Comment.
Rent 2 Rent Secrets Stephanie Taylor March 8, rent to rent, rent 2 rent, r2r, rent to rent training, rent 2 rent training, r2r training, rent to rent course, rent 2 rent course, r2r course, rent 2 rent success, rent 2 rent kickstarter, rent 2 rent kickstarter coaching programme, rent 2 rent coaching, rent to rent coaching, r2r coaching, stephanie taylor, nicky taylor, rent 2 rent success story, rent to rent success story, r2r success story.
Rent 2 Rent Secrets Stephanie Taylor March 5, rent to rent, rent 2 rent, r2r, rent to rent training, rent 2 rent training, r2r training, rent to rent course, rent 2 rent course, r2r course, rent 2 rent success, rent 2 rent kickstarter, rent 2 rent kickstarter coaching programme, rent 2 rent coaching, rent to rent coaching, r2r coaching, stephanie taylor, nicky taylor, rent 2 rent success story, rent to rent success story, r2r success story. Being a letting agent means you need to be a person of the people.
Lettings is primarily a people business, and your focus should centre on getting professional, high-quality renters into the properties of your landlords. The best way to go about that is by listening and engaging. Focus on always improving while offering an honest and comprehensive service. The best letting agents provide exceptional service and use all the tools at their disposal to find great renters fantastic homes.
More often than not, a flat-rate commission will be agreed before you start. And the higher the property value, the better your commission. Your new boss may even be impressed with your skills.
Speeding up the rental process is one of the best ways to earn more commission, and you can do that by using platforms like Movebubble. Take our Home Walkthroughs , for example.
Our ,plus-strong renter base can search, view and secure a home without even viewing a place physically. If your agency's properties are on our platform, you can turn lets around in record time. It goes without saying that being a market expert is key to earning more commission.
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