The Sensible Way to Start a Letting Agency Business
The property market has without doubt seen its fair share of uncertainty over the past few years. Many people have been hoping for a drop in house prices which would enable them to take their first step onto the property ladder, but regretfully for them this has not materialised. The result is that more and more are either choosing, or are forced, to rent their homes rather than buy...
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Posted by Mike Hathaway, Southcourt Property Services, 14 April 2013
Starting a letting agency - We've made it simple
As with many new ventures, anyone considering becoming a letting agent is likely to be wondering how to go about it and where they should start the process. Some may consider it too much of a challenge and simply give up the idea, but with the right know-how it really is not difficult at all. With the benefit of our well proven Letting Agency Business Package you’ll be able to start your new letting agency with the minimum of hassle, and be up and earning within a week or so.
We have been helping individuals and companies to set up a letting agency business for several years now, and our experience will help you streamline the process and make it as easy as 123. Our comprehensive training and operating manual will take you through the entire process step by step in an easy to follow way...
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Posted by Mike Hathaway, Southcourt Property Services, 16 November 2012
The Southcourt Letting Agency Training and Operating Manual
The Southcourt Letting Agency Training and Operating Manual covers in detail everything you need to know about starting a letting agency and becoming a letting agent. We take you through the entire procedures involved in setting up a letting agency, marketing your services, taking on properties, creating and managing tenancies, running the business, the legal side and troubleshooting, plus everything else you will need to know...
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Posted by Lucy Hayward, Southcourt Property Services, October 2012
Starting a Letting Agency in a Recession
There is no doubt that we are currently in a recession, and many people would consider that this is not the right time to start your own business.
However this is far from true. Every cloud has a silver lining and this one is no exception - the letting agency business is really booming.
Buying your own property is not easy these days. Not only is property still massively overpriced, but securing a mortgage is no easy task. Everyone has to live somewhere, and that is why more and more are turning to the rental option, with the result that letting agents are becoming busier than ever before...
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Posted by Lucy Hayward, Southcourt Property Services, October 2012
Starting a Letting Agency - Carrying Out Local Research
Preparatory market research is necessary in the planning stage of any new venture, but for anyone starting a letting agency it is especially important, as certain key factors differ from area to area. We cannot provide the answers for you, but we can tell you how to carry out the research, and how to utilise the results to your best advantage in setting up a letting agency business...
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Posted by Lucy Hayward, Southcourt Property Services, October 2012
Becoming a Letting Agent - Knowing Local Rent Levels
As explained in our previous article, initial research is a vital stage in setting up a letting agency business. In this article we explain the easiest way to familiarise yourself with important information about local rental levels.
Researching local rent levels: Rentals for various types and sizes (by number of bedrooms) of property vary greatly from area to area throughout the country, therefore you will need to discover the rental levels that apply generally in your intended working area before starting a letting agency...
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Posted by Lucy Hayward, Southcourt Property Services, October 2012
Setting up a Letting Agency - Comparing Letting Agency Fees
The second research sheet that we include in the Southcourt Letting Agency Business Package is designed so that you can enter and compare local letting agents fees and commissions. These too can differ widely throughout the country. You'll need a general idea of the charging structure common to your area before you can decide on a basis for your own charges...
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Posted by Lucy Hayward, Southcourt Property Services, October 2012
No time like the present to set up a Letting Agency
The old adage about clouds having silver linings is certainly applicable these days when considering starting a letting agency.
The credit crunch of a few years ago, resulting in fully blown recession, has had a deeply detrimental effect on the housing market. The banks are simply not lending. If they are, the terms on which they are offering credit are so punitive that borrowers feel they have no option other than to back off.
What this equates to, in terms of becoming a letting agent, is rafts of potential clients who need, want and require rented accommodation, in the absence or favourable mortgage deals... (Click the headline above for more)
Posted by Lucy Hayward, Southcourt Property Services, 04 October 2012
Working with the web when starting a letting agency
In this modern technological age, a strong online presence is essential, as increasing amounts of people conduct evolving percentages of their business and personal lives electronically. The internet has the power to expose your business in ways that were previously unthinkable, and websites are now as second nature to a business as having business cards.
Whether you are about to become a letting agent, or on the verge of starting up any other type of business, something that is bound to be, or should be, high on your agenda is your website... (Click the headline above for more)
Posted by Lucy Hayward, Southcourt Property Services, 03 October 2012
Harnessing economic fragility to start a letting agency
Since the terms ‘credit crunch’ and ‘recession’ became parts of the national vernacular over recent years, anyone keeping a close eye on the fragile economic climate will be aware of the adverse effects that the resultant financial turmoil has had on the property market.
Furthermore, the recession has witnessed mass redundancies and a lack of new job creation. Couple this with the burgeoning requirements for rented accommodation and you will readily understand why thousands of professionals and entrepreneurs have pledged to extract the silver linings from the clouds. And decided to BECOME A LETTING AGENT... (Click the headline above for more)
Posted by Lucy Hayward, Southcourt Property Services, 16 September 2012
No recession for letting agents
With so many businesses and organisations feeling the pinch due to the current economic climate, letting agents have good reason to feel pleased with themselves - because the lettings industry is absolutely flourishing.
Letting agents are experiencing unprecedented business activity these days, and all indications are that this situation is here to stay. What we have seen in the last year or so is the beginning of a permanent change to perceived attitudes to property ownership versus renting in the UK....
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Posted by Mike Hathaway, Southcourt Property Services, 01 August 2012
More and more letting agents working from home
These days with the benefit of the internet, call answering services and mobile phones, more and more self-employed people are deciding to work from home, and those wishing to become a letting agent are no exception.
If you will be setting up a letting agency as a stand-alone business, either full or part-time, and are considering whether to rent or lease shop or office premises for the purpose, our advice is simple – don’t! They are totally unnecessary. Your profits will be higher, with less stress and inconvenience, working from the comfortable environment of your own home... (Click the headline above for more)
Posted by Mike Hathaway, Southcourt Property Services, 20 July 2012
Tenant demand will sustain rental income
According to an industry expert, rental income is likely to be sustained by tenant demand for the next five years.
Director at the landlord advice website LandlordZONE Tom Entwistle, stated that tenant demand is likely to be maintained in the coming few years if predictions of residential property growth, or lack thereof, are accurate... (Click the headline above for more)
Posted by Lucy Hayward, Southcourt Property Services, 18 May 2012
Rental property ’the white knight’ of the housing market
The private rented sector (PRS) in the UK has been described by an industry expert as the ’white knight’ of the current housing market. Malcolm Harrison, property industry expert speaking on behalf of Let Insurance Services, claims that it will be a major attraction in the coming months. He said... (Click the headline above for more)
Posted by Lucy Hayward, Southcourt Property Services, 07 May 2012
Renting is a ’sensible option’ in the UK
According to Tim Lambert, head of consulting at Ducalian and an industry expert, it may well be more sensible at the moment to rent a property in the UK rather than invest in a home. He said that the majority of people... (Click the headline above for more)
Posted by Mike Hathaway, Southcourt Property Services, 05 May 2012
Finance for buy to let property improving
The availability of mortgages for landlords is improving, according to one industry expert. The managing director of LettingZone, Mark Garner, says that there has recently been a gradual improvement and this is likely to continue in the coming months, with competition between lenders... (Click the headline above for more)
Posted by Lucy Hayward, Southcourt Property Services, 27 April 2012
Increase in ’reluctant landlords’ is good news for letting agents
Property owners wishing to sell, but unwilling to lower their asking price are increasingly becoming ’reluctant landlords’ and turning to the lettings market to provide an alternative solution.
This has led to a sharp rise in the number of properties to rent, according to the Royal Institution of Chartered Surveyors (RICS), and is resulting in... (Click the headline above for more)
Posted by Lucy Hayward, Southcourt Property Services, 15 April 2012
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