15:13 PM, 26th September 2014, About 8 years ago
We were so impressed with how LettingSupermarket.com manage our own buy to let property portfolio we decided to acquire a substantial stake in the company.
LettingSupermarket.com charge just 5% of rent for a full management service (6% if properties are inside the M25). Their letting fees are just £200 per tenant (£300 inside M25) which includes block viewings, tenant referencing, inventory, check in/out, dealing with utility company changeovers and a whole lot more.
Chances are, if you have a property in England, Letting Supermarket will have an agent nearby. You wont find them on the High Street though, as they believe in keeping their overheads right down, much like their fees.
For this super low cost, the service offered to Property118 readers includes client money protection and all of the following:-
Letting costs are £200 per tenant (£300 inside the M25). There are no fees payable by tenants and there is no additional charge at all for tenancy renewal.
For an additional 2.5% of the monthly rental legal protection is available covering eviction costs or for 3.5% of the monthly rental rent guarantee and legal protection insurance is available. With this additional protection, if your tenant falls into arrears the insurance will pay your rent until the tenant is evicted and upto 3 months rent once vacant possession is obtained. The insurance will also cover all costs associated with an eviction.
Is it really worth the hassle of letting and managing a property yourself for that price?
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