Requiring Landlord

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    Requiring Landlord

    I am in the process of starting an Online Letting Agency in the Surrey area.

    I was wondering if any had any ideas on how to attract Landlords?

    Obviously my rates etc are lower than the high street shops and i plan on giving a better customer service. But i will need to get the 1st couple of Landlords on board then hopefully the word and a good website will do the rest.

    Any sugestions are welcome.

    Many thanks

    #2
    This really depends on what level of experience you have as to what calibre of landlords you can expect to attract.

    Have you qualifications? Experience? Have you perhaps bought one of the 'letting agency' packages like the ones advertised
    <<<<<<<<<<<<<<<

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      #3
      What convinces you that there is a need for your services in the Surrey area?
      'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

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        #4
        Originally posted by mind the gap View Post
        What convinces you that there is a need for your services in the Surrey area?
        With London 25 minutes away this is a prime commuting area, with many commuters renting, like myself and many people we know in the area. The high street Estate Agents are always looking for L/L's because the demand for rental properties is so high.

        Comment


          #5
          Originally posted by Snorkerz View Post
          This really depends on what level of experience you have as to what calibre of landlords you can expect to attract.

          Have you qualifications? Experience? Have you perhaps bought one of the 'letting agency' packages like the ones advertised
          <<<<<<<<<<<<<<<
          My experience is only from my personal experience of renting out a flat and knowing what kind of service I like to receive. To start with I would be happy to attract any landlords.
          I don't have any qualifications. What would you recommend? I have looked in Southcourt Properties package, would you recommend this one or another package?

          Comment


            #6
            Personally, I would not recommend any package. Frankly, I would also suggest that you pack this idea away in the box it came out of.

            Why oh why oh why would somebody who has invested a quarter of a million quid in a property entrust it to you - someone who doesn't know the difference between the 1931 Law of Property Act* and the 1988 Housing Act? Maybe after a phenomenal few years working in the industry you may be in a position to do this, but right now a landlord would have to be a mug to rely on your services.

            A landlord who knows what he is doing, wouldn't trust you
            A novice landlord will need a level of support you can't provide.

            (Mars Mug & Mrs Mug - forgive me)
            * 1931 LoPA - I know.

            Comment


              #7
              Law of Property Act 1931! Don't you mean 1925? There was a Finance Act in 1931.
              The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

              Comment


                #8
                Lurchburger69

                I fear Snorkerz is probably right - apart from the LoPA 1931 bit, lol - and you should reconsider your plan.

                Some of us make letting agency look easy because we've been doing it for several years but in actual fact it is a constantly evolving industry surrounded by some very complex laws. You may very well excel at providing good customer service in some areas but if you don't have the required knowledge at your fingertips when you need it, or God forbid, give the wrong information you could cost a client - and yourself - a lot of money. Its not all advertising a property, doing a viewing and collecting a fee, sometimes there is some very hard work involved.

                Or you can take the easy route that several agents seem to take and not care about knowing anything about the industry but you don't sound like that sort of person or you probably wouldn't have asked in the first place.

                Having a bit of experience within a decent letting agency for at least couple of years is a minimum requirement as far as I am concerned
                My advice is not based on formal legal training but experience gained in 20+ years in the letting industry.

                Comment


                  #9
                  LPA had an amendment in 1931. I'm sure that's what Snorkerz meant! .

                  To be honest, from my experience, most letting agents seem pretty inept on the current housing law anyway. My advice to the op would be to actually work in the industry for a few years and then see whether you think you're still up for setting up a company. There are many fundamentals that you will not know and will need to know before you can really succeed in the industry.
                  [I]The opinions I give are simply my opinions and interpretations of what I have learnt, in numerous years as a property professional, I would not rely upon them without consulting with a paid advisor and providing them with all the relevant facts[I]

                  Comment


                    #10
                    Guys, guys, guys . . .

                    Read the last line. You know there was no 1931, I know there was no 1931, I was trying to find out if lunchburger knew it. His lack of response suggests he didn't.

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