Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
Regular Property118 readers are likely to be aware that our founders acquired a 26% stake in Letting Supermarket three years ago when they were a start-up business. Since then we have been referring Property118 landlords to them and moving the management of our own properties across too.
They now have 465 properties under management and are prepared for expansion. With increased marketing they will be able to leverage improved economies of scale and profits.
Letting Supermarket provide full management services at online pricing, i.e. 4% of rent for fully inclusive management (minimum £24.99 per property) plus VAT. The service is currently available in around 60% of England and Wales and coverage is expected to reach 100% within 6 months.
The company is ARLA bonded which means they have professional qualifications and carry Professional Indemnity Insurance and Client Money Protection. Administration such as advertising, referencing, rent collection, organising maintenance etc. is all centralised and qualified inventory clerks provide onsite support in terms of viewings, check in/out, periodic inspections etc.
Last year the funding target was hit in seven days.
Lettingsupermarket.com have chosen to keep the campaign private in the short term to enable Property118 readers and current investors a chance to invest prior to the general public due to the demand they received last year.
Please fill in the contact form below to link to the crowdfunding platform and receive a business plan and financials.
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