Property Management from just £14.99 a month

Property Management from just £14.99 a month

12:43 PM, 10th December 2012, About 9 years ago 41

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Full Property Management from an ARLA agentJust suppose you could buy property management from just £14.99 per month, per property in the vast majority of the lettings hotspots in England.

Would it really be worth the hassle of trying to organise everything yourself?

Could you be certain that you would be able to do it for less?

You might be forgiven for thinking that such an offer would be made by an unqualified agent who is cutting corners. However, what if I were to tell you the agent offering this service is fully bonded with ARLA and has client money protection insurance too?

Well I’ve found an ARLA agent offering this service and I think it’s only right that I should share my finding with you.

Here’s what £14.99 + VAT buys you:-

  • Visiting your property, taking particulars and floor plans.
  • Setting up an online account to store your documentation so it can be accessed at any time
  • Advertising your property on the major property portals
  • Referencing tenants and guarantors
  • Inventory and schedule of condition prepared by an AIIC quailified inventory professional
  • Tenancy and Guarantor Agreements
  • Taking meter readings on check in and check out and informing utility companies of tenancy change over
  • Deposit registration (This is an additional cost of £25 + VAT annually)
  • Gas Safety Certificate as required (additionally charged)
  • Rent Collection with payment forwarded to your account by BACS and monthly rental statement
  • Check Out at the end of the tenancy

If you want the letting agents to do viewings, periodic property checks and manage all maintenance issues the monthly fee is £24.99 + VAT. The top end package is priced at just £34.99 + VAT and includes rent guarantee insurance with legal protection insurance. The rental guarantee pays out if the tenants falls more than a month in arrears and thereafter for any further missed payments until vacant possession of the property is recovered. The legal protection insurance covers all costs associated with eviction.

HMO management is also available for £24.99 pcm + VAT for the first room then £10 pcm + VAT for subsequent rooms. Note that this agency does not usually accept tenants in receipt of benefits at the outset of a tenancy. Any tenant is only a P45 or a relationship breakdown away from the potential of financial distress and having to claim benefits, hence this level of cover is highly recommended for landlords who are reliant upon receiving their rental income whilst a tenant is in occupation.

The results of the December 2012 Property118 readers survey, which was completed by 978 people, was that 25% of you employ an agent to fully manage your properties, 23% of you use a letting agent just to find tenants, 45% self manage entirely and 8% mix and match. Will these figures change as a result of this offer I wonder?

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Comments

by Trevor Williams

15:07 PM, 12th October 2013, About 8 years ago

I no longer give Accreditations the Credit they claim.
I suspect heartless cyborgs such as G4s could run such a scheme.

by Trevor Williams

15:18 PM, 12th October 2013, About 8 years ago

Reply to the comment left by "Kirsty McGregor" at "19/08/2013 - 19:11":

snippped from Kirsty Mcgregor :-

***That’s not to say that there aren’t traditional providers doing an excellent job, there are. But it doesn’t mean that they have the perfect solution.***

It is my opinion - 'many established associations in the current dysfunctional housing system have become addicted to very simple but shady ways of maintaining bottom line viability.
It is time some doors windows were opened to let fresh air blow old dandruff away.

by David Sweeney

16:56 PM, 12th October 2013, About 8 years ago

As a landlord, as well as my 'day job' running TenancyServices, I find the offerings of LettingSupermarket.com to be most interesting. As it happens, my current tenants are quite low maintenance so I am happy to handle them myself, but if that changed, I might be persuaded . . .

TenancyServices was set up to fill a niche in the market between DIY eviction and the full (but much more expensive) options offered by the established players. How can I not say that someone taking a new approach to property management is a good thing?

I wish Tony (and his shareholders) well and hope their business continues to grow.

by Kirsty McGregor

18:47 PM, 12th October 2013, About 8 years ago

Reply to the comment left by "Trevor Williams" at "12/10/2013 - 15:18":

Hi Trevor 0- exactly why we have decided to launch Rental Ratings, after all, surely the quality of the property (as well as the landlord/agent) is of utmost importance to the tenant? We are coming across some recent newcomers to the industry, and are being extremely comforted by their high standards...the PRS is changing, never fear. And IMHO, with the move of 'Help to Buy' shifting some quality tenants out of the rental sector, it's never been more important!

by Caroline Benson

23:49 PM, 19th October 2013, About 8 years ago

I have completed the above request for info twice and had no response. I would appreciate a call or email as I am about to decide on a management company for an HMO property NEXT WEEK!!
Thanks.

by Mark Alexander

9:39 AM, 20th October 2013, About 8 years ago

Reply to the comment left by "Caroline Benson" at "19/10/2013 - 23:49":

I have sent Tony at LettingSupermarket.com a link to this comment and I've cc'd you in. It's totally unlike them not to respond so I'm hoping there's nothing wrong with our notification systems.
.

by Tony Sheldon

17:05 PM, 20th October 2013, About 8 years ago

Reply to the comment left by "Caroline Benson" at "19/10/2013 - 23:49":

Dear Ms Benson, It is indeed very unusual for us to not to follow up a request for information. Our usual procedure is to endeavour to respond by telephone within 24 hours of receipt. If we are unable to do this, and we do receive many requests for information, we respond by email, generally, at the end of the same week with any relevant attachments. We also try to remove any contact duplication's. In this particular case, the second contact request rather than the first was removed and the first was transferred to our Access database and filed accidentally without us responding. I tried to call to apologise today and left voicemail and will telephone tomorrow morning and, hopefully, will be able to help you to drive down your letting costs.

by Caroline Benson

18:29 PM, 20th October 2013, About 8 years ago

Thank you Tony, speak to you tomorrow morning.
Regards,
Caroline.

by Jiten Karia

11:27 AM, 22nd October 2013, About 8 years ago

Hi

Can you please provide me details of this agent who offers this service. Tried to find the form to fill out below like the thread says but no luck.

Thanks

by Mark Alexander

13:29 PM, 22nd October 2013, About 8 years ago

Reply to the comment left by "Jiten Karia" at "22/10/2013 - 11:27":

Dear Jiten

Thank you for your comment. I have checked our systems and can find no record of you having completed a form using the email address with which you made this comment. I have, therefore, sent you an email.
.


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