LetAlliance is rolling out its specialist services to the 200 letting agents across Northern Ireland for the first time as they continue their expansion.
With Michael Mccready- formerly of Homelet- at the helm of LetAlliance’s business development in Northern Ireland, Derry / Londonderry, Co Tyrone, Co Antrim, Co Armagh, Co Fermanagh, and Co Down will be covered. Continue reading LetAlliance expand to Northern Ireland
Letting agent Helen Gregory has been expelled from The Property Ombudsman scheme after a rent row with a buy to let landlord client.
Her firm Beechwood Property Portfolio, in Bakewell, Derbyshire, was dumped from the scheme after failing to resolve a dispute with the landlord over persistent late rent payments. Continue reading Ombudsman boots out rent row letting agent
The government needs to take action to protect consumers by regulating unscrupulous letting and estate agents, urges the Royal Institution of Chartered Surveyors.
RICS slams the current self-regulating regime as ineffective, complicated, inconsistent and fragmented.
Instead, says the organisation, the government should a impose a single regulatory framework for residential property aimed at protecting consumers.
Continue reading New call for government to regulate letting agents
Landlords and tenants are trying to track down a letting agent who has shut up shop leaving them thousands of pounds out-of-pocket.
Husband and wife team Mark and Samantha Hamilton-Smith stopped trading as The Property Showroom in Leeds on February 18.
The firm’s office in Town Street, Farsley, was closed without warning, computer equipment was stripped out and the doors locked. Continue reading Runaway letting agent disappears owing thousands
Police are warning about fraudsters who are ripping off landlords and tenants by posing as bogus letting agents.
Scotland Yard detectives are looking for those behind two scams.
In the first, tenants pay over a deposit and first month’s rent on buy to let homes that are already let. Continue reading Buy to let fraudsters target landlords and letting agents
The thriving buy to let market is driving a letting agent boom as firms respond to increasing demand from tenants eager to rent a home.
Two key nationwide firms are pouring millions in to expansion plans.
Countrywide has earmarked £5 million on growing lettings and has acquired a number of smaller specialist buy to let firms. Continue reading Business Booms for Letting Agents as Buy to Let Thrives
Letting agent Zulfiqar Hussain must pay his victims £250,000 or face three years in jail after stealing money from dozens of landlords and tenants who trusted him with their cash.
Hussain was sentenced to a nine month suspended prison sentence after admitting seven charges of engaging in unfair commercial practices and one of money laundering. Continue reading Letting Agent Stole £250,000 from Landlords and Tenants
So far in these articles we have looked at actions, activities and principles a 21st Century Letting Agency can adopt to deliver a truly 21st Century Service to their Landlord, but how will the landlord ever know if they are actually doing what they say they do? I, among the majority of landlords, have believed the words coming out of a Letting Agents lips only to regret it. From experience I am tempted to apply the old adage applied to politicians ‘If their lips are moving they are lying’ but that is a sad indictment of the industry and not actually true of the majority of agents. The trouble is that landlords are not provided with the means to judge whether the agency is living up to its claims or not. Yet this is the digital age with the internet superhighway and most landlords can access the internet, all sorts of companies provide their clients access to their own secure data. Even the NHS is considering this so why not landlords. Continue reading The 21st Century Letting Agent- Transparency
Last summer I met a very well heeled friend for lunch and listened as she commiserated her devastating investment losses over the past couple of years. She said “I need to get into property! It’s the only thing that I can rely on for the future and I’m fed up of hearing how much money my financial advisor is losing me – and he doesn’t even apologise!”.
I accepted the challenge of preparing a buy to let proposal for her based on the different markets, comparing returns in the local area and seeing whether it was student/HMO, family or renovation projects which would float her boat. Heady days, lying in the garden carrying out research courtesy of wi-fi – what better way to apply one’s brain? It was an interesting exercise as I’m so caught up with HMOs that it’s easy to forget the other markets. Doing the financial analysis vs hassle factor was enlightening too and, not one for numbers, I actually enjoyed fiddling around on Excel with percentage returns! Continue reading HMO Landlady Becomes A Letting Agent!!
Last issue we looked at how a 21st Century Letting Agent utilises new technologies and techniques to maximise the chance of securing a good long term tenant and minimise the periods of voids in the a portfolio.
In this we will look at how 21st Century Agent can- and should- provide a service that keeps both the tenant and the landlord happy with neither of them considering a move away because of the day to day management by the agent. Continue reading The 21st Century Letting Agent -The Day to Day Management