How this agency charges management fees of almost 20% while others are dropping their fees
Landlords are opting to pay 18% of their rental income for a Surrey agency's comprehensive, top-tier management service.
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Landlords are opting to pay 18% of their rental income for a Surrey agency's comprehensive, top-tier management service.
Estate and letting agents must comply with consumer protection law when dealing with landlords and tenants, which includes disclosing all the fees they charge landlords, all the costs associated with letting a property for tenants, as well as any commissions from referrals.
How did one lettings and property management agency in the North increase their management fees with almost no objections from their landlords? By offering them even more value for money.
David Cox emphasised the extent of the penalties for not complying with the new legislation at our webinar on the Tenant Fee Ban.
A different approach to charging management fees is one reason why Settio Property Experience seeks out tenants who will stay for the long term.
Being able to clearly demonstrate to landlords the value of your service could be the key to charging your full management fees every time.