Letting agents quote for work on my father's rental flat- are they being too greedy?

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    Letting agents quote for work on my father's rental flat- are they being too greedy?

    My dad has a flat he rents to students, sadly due to alzheimers he is unable to see to its management. I have power of attorney and the letting agents have stressed it needs work doing before they can rent it next academic year. It s small flat I reckon 45 m2 max. They have quoted £ 5655 as follows: removal of mould bathroom toilet and kitchen (£2343), make good hole in bedroom 1 (£150), deep clean the carpet in bedroom 3 and remove mirror (£115), replace kitchen tap (£150), new bathroom suite (£2916).
    Does this seem OK or excessive? The property is in a university town in the SE ( not London). Unfortunately my husband and I can t do the work due to kids and work commitments.thanks for any advice/ comments, I am not at all experienced in the letting world and would value your input.

    #2
    Even if the bathroom/kitchen were knee deep in mould £2,343 would be a ludicrous amount to clean it.

    Why does it need a new bathroom suite?

    What is the rent per annum?

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      #3
      If they are replacing the bathroom why do they need to remove the mould from the old one? Full deep clean of a kitchen is £300 max (Midlands prices may be a little more in South East) and for nearly £3k you can get a top spec bathroom, for a student let is around £1-£1.5k

      Comment


        #4
        Why the mould?? Someone needs to find out is there a damp/leak problem or is it the usual student no-ventilation & drying clothes inside problem.. BEFORE deciding on the solution ..

        e.g. if caused by a roof leak fix that first!! If ventilation put in some more!!
        I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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          #5
          Thanks everyone these are very useful points. I m not too sure about the annual rent I m just learning the ropes I think £ 700 goes into dad s account every month. I m thinking of getting back to the agents and raising the following questions: why remove mould when you are putting in a completely new bathroom, why is the new bathroom suite so expensive. I have been to the property and I agree it needs work doing but I don t want dad being ripped off. I'll also ask why there is a damp problem and ask re putting in an extractor fan in the bathroom.
          Any further comments/ advice would be welcome. Thanks .

          Comment


            #6
            It seems like a lot of money to me, I have renovated whole flats on that sort of budget. I suppose the agent is also charging commission on this job, which if he is arranging it all is only to be expected.

            Damp and mould usually looks worse than it is, and as has already been said, you've got to find the cause first. Last year we had a damp survey done in one of our properties, I think it was £45 and was money well spent.

            I'd check out the price of carpet cleaning too, we get two rooms done for about £75.


            Good luck.

            Comment


              #7
              Originally posted by AmandaB View Post
              It seems like a lot of money to me, I have renovated whole flats on that sort of budget. I suppose the agent is also charging commission on this job, which if he is arranging it all is only to be expected.

              .

              No it's not, the agent is already paid to manage, charging a commission on work done by contractors would be making a secret profit, very naughty and not allowed.
              I offer no guarantee that anything I say is correct. wysiwyg

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                #8
                I would get another quote or two.


                Originally posted by jta View Post
                No it's not, the agent is already paid to manage, charging a commission on work done by contractors would be making a secret profit, very naughty and not allowed.
                It might help to show the "secret profit" law.
                Commission and overseeing a renovation are completely different entities.
                Allow tenants to protect their own deposits. I want free money when they do it wrong

                Comment


                  #9
                  If you cannot oversee the work yourself, do not let this letting agent do it. It would be a lot cheaper to engage a reputable builder/renovator who uses specialist subcontractors (plumbers, electricians, etc.), and agree a price for him to project manage it and make sure all the work gets done on time. Ask around the neighbourhood where the rental property is - ask people who've had work done (extensions, etc) for recommendations. Get three quotes.

                  FWIW I agree with nxi's costings.
                  '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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                    #10
                    http://www.landlordzone.co.uk/forums...sions-received
                    I offer no guarantee that anything I say is correct. wysiwyg

                    Comment


                      #11
                      mind the gap,

                      Totally agree. While the agent may not be permitted to make a secret profit, many do. AGent will be using its own employees paid at minimum wage or its "preferred" contractor at knock down rates, and charging you a huge mark up.

                      o directly to at least three reputable builders and get three quotes. If they come back considerably cheaper than the agent's quote, challenge them. If that is the case I would also consider sacking them and getting an independent agent not tied to a lettings agent to do the managing for you.

                      Comment


                        #12
                        They are being very greedy in my opinion! And if they aren't, then they should have no issue with you getting 3 quotes for the work.

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