How will Brexit affect GDPR processes in your agency?
Agencies will still need to comply with data protection law after Brexit, and may need to make some changes to their processes if they receive data from the EU.
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Agencies will still need to comply with data protection law after Brexit, and may need to make some changes to their processes if they receive data from the EU.
Minimising voidage periods is only one part of the equation. Agencies need to be able to demonstrate to potential landlords their tenants will not only pay their rent on time, but also take care of the landlord's home like their own.
Brexit is unlikely to have a major impact on most agencies' operations, however, it’s worth making sure you're clear on how Brexit could affect employment, data, and financial services for UK businesses.
"Be prepared to work hard," says the founder of a thriving agency in Bristol, who has proven it's possible to set up a successful lettings agency even in a challenging lettings market.
The recommendations from the Regulation of Property Agents Report (RoPA) might be several years away from becoming reality, but there are ways that proactive estate and letting agents can start preparing now.
Letting agencies who want to be the best need to have the systems in place to excel at the basics, says Property Academy and EA Masters founder Peter Knight.
Sharing a short video every day on social media helped one agent reach thousands of potential tenants and landlords.
The EU's Fifth Money Laundering Directive is just months away from becoming law and letting agents who process rental payments of €10,000 or more a month will need to start preparing to ensure their processes are compliant.
People still want to be landlords, says the director of an Essex lettings agency, and he thinks they will be looking for more value from their managing agents.