letting agents pimlico
Discussion
franki68 said:
Anyone know of any who don't charge a disgraceful amount ? Current agents charge 8% + vat of total rent (rent will be 20k per annum so they will get £2000 per annum for showing the flat to a few people )over the rental period,I am used to paying £300 for a let elsewhere in the UK.
if you want sensible help and answers why not give details of exactly what they will be doing for the 8% rather than just slagging them off? You don't have to use them if you think they are not doing what you want them to do.
To assist you and to compare this is what we offer as letting agents as a summary below: How does that compare to what you are being offered? We also don't charge set up fees. Our main brochure goes into more detail of each step we take and why. I'm happy to email this to you so you can hopefully see what a good and successful letting agent actually does ! We don't touch London so I'm not touting for your business just trying to help.
Full management service: Our full management service enables the owner to know the property is in safe hands. We act as a ‘buffer’ between the landlord and tenant to ensure the property is professionally looked after and correct procedures are followed. We will market and show your property, secure tenants by taking up full references, prepare the Tenancy Agreements, collect the rent and chase any late payments, carry out inspections of the property.
We can arrange for the Inventory, EPC, Gas and Electrical checks, inform the utility accounts, negotiate tenancy renewal and prepare new agreements at the end of the fixed terms, give the correct notices to end the tenancy when required and administer and hold the deposit. Our Full Management service on a sole agency basis is 10% +vat of the rental payable monthly for the durations the tenants rents for. We are here to ensure legal compliance relating to the property and tenants are correctly administered and carried out. No set up fees.
Rent Collection Service This service allows you to manage the maintenance of the property yourself but provides the backup of Stanley & Partners collecting the rent and acting as a ‘buffer’ between the landlord and tenant to ensure the correct procedures are followed. We will market and show your property, secure tenants by taking up full references, prepare the Tenancy Agreements, collect the rent and chase any late payments.
We can arrange for the Inventory, EPC, Gas and Electrical checks, negotiate tenancy renewal and prepare new agreements at the end of the fixed terms, give the correct notices to end the tenancy when required hold the deposit . Our Rent Collection service on a sole agency basis is 8% +vat of the rental payable monthly for the durations the tenants rents for. We ensure the correct procedures and notices are given to ensure legal compliance. No set up fees.
Letting Only – Tenant Finding Service.
We will advertise and market your property, show prospective tenants, take up references, prepare the tenancy Agreement and collect the first months rent and deposit. Our fee is simply 50% of one month rent +vat. (Min fee £440+vat) Unlike other agents we do not charge any further fees for preparing the tenancy agreements or if the tenant stays longer then their initial term.
The landlord looks after and manages all aspects of the property and tenancy directly. Please note that our Letting Only service is suitable only for experienced landlords who are familiar with the Housing Acts and regulations relating to lettings & deposits as well as legal compliance with the laws and notices relating to lettings.
I
Edited by superlightr on Wednesday 26th April 17:29
Edited by superlightr on Wednesday 26th April 17:31
superlightr said:
franki68 said:
Anyone know of any who don't charge a disgraceful amount ? Current agents charge 8% + vat of total rent (rent will be 20k per annum so they will get £2000 per annum for showing the flat to a few people )over the rental period,I am used to paying £300 for a let elsewhere in the UK.
if you want sensible help and answers why not give details of exactly what they will be doing for the 8% rather than just slagging them off? You don't have to use them if you think they are not doing what you want them to do.
To assist you and to compare this is what we offer as letting agents as a summary below: How does that compare to what you are being offered? We also don't charge set up fees. Our main brochure goes into more detail of each step we take and why. I'm happy to email this to you so you can hopefully see what a good and successful letting agent actually does ! We don't touch London so I'm not touting for your business just trying to help.
Full management service: Our full management service enables the owner to know the property is in safe hands. We act as a ‘buffer’ between the landlord and tenant to ensure the property is professionally looked after and correct procedures are followed. We will market and show your property, secure tenants by taking up full references, prepare the Tenancy Agreements, collect the rent and chase any late payments, carry out inspections of the property.
We can arrange for the Inventory, EPC, Gas and Electrical checks, inform the utility accounts, negotiate tenancy renewal and prepare new agreements at the end of the fixed terms, give the correct notices to end the tenancy when required and administer and hold the deposit. Our Full Management service on a sole agency basis is 10% +vat of the rental payable monthly for the durations the tenants rents for. We are here to ensure legal compliance relating to the property and tenants are correctly administered and carried out. No set up fees.
Rent Collection Service This service allows you to manage the maintenance of the property yourself but provides the backup of Stanley & Partners collecting the rent and acting as a ‘buffer’ between the landlord and tenant to ensure the correct procedures are followed. We will market and show your property, secure tenants by taking up full references, prepare the Tenancy Agreements, collect the rent and chase any late payments.
We can arrange for the Inventory, EPC, Gas and Electrical checks, negotiate tenancy renewal and prepare new agreements at the end of the fixed terms, give the correct notices to end the tenancy when required hold the deposit . Our Rent Collection service on a sole agency basis is 8% +vat of the rental payable monthly for the durations the tenants rents for. We ensure the correct procedures and notices are given to ensure legal compliance. No set up fees.
Letting Only – Tenant Finding Service.
We will advertise and market your property, show prospective tenants, take up references, prepare the tenancy Agreement and collect the first months rent and deposit. Our fee is simply 50% of one month rent +vat. (Min fee £440+vat) Unlike other agents we do not charge any further fees for preparing the tenancy agreements or if the tenant stays longer then their initial term.
The landlord looks after and manages all aspects of the property and tenancy directly. Please note that our Letting Only service is suitable only for experienced landlords who are familiar with the Housing Acts and regulations relating to lettings & deposits as well as legal compliance with the laws and notices relating to lettings.
I
Edited by superlightr on Wednesday 26th April 17:29
Edited by superlightr on Wednesday 26th April 17:31
I'm intrigued to know how I am charged £300 for let only elsewhere and that fee is a one off regardless of the length of the term ,but in London they want 10% of the annual rent .
So a 1 year let followed. By a renewal will cost for example £4000 ,and they all seem to charge the same .
franki68 said:
Don't get touchy ,it's a let only service .
I'm intrigued to know how I am charged £300 for let only elsewhere and that fee is a one off regardless of the length of the term ,but in London they want 10% of the annual rent .
So a 1 year let followed. By a renewal will cost for example £4000 ,and they all seem to charge the same .
Because it's London, so everything is more expensive.I'm intrigued to know how I am charged £300 for let only elsewhere and that fee is a one off regardless of the length of the term ,but in London they want 10% of the annual rent .
So a 1 year let followed. By a renewal will cost for example £4000 ,and they all seem to charge the same .
And it's a business where the agent's fees are normally listed on their website, so once you know what your competition is charging, you know what you can get away with charging.
Slagathore said:
Because it's London, so everything is more expensive.
And it's a business where the agent's fees are normally listed on their website, so once you know what your competition is charging, you know what you can get away with charging.
obviously,but the rent attainable is 3x elsewhere but the cost of letting 10x if its one year,20x for 2 etc. It's unjustifiable.And it's a business where the agent's fees are normally listed on their website, so once you know what your competition is charging, you know what you can get away with charging.
Anyway it seems the answer is that it is what it is and I have to swallow it again.
so what do you need the agents to do?
show people over or can you?
are they preparing the TA?
are they registering the deposit?
There must be an agent who will do it for a fixed fee or lower than that Shirley ? I would agree that's very expensive. As mentioned we would charge 50% of 1 mths rent as a one off and we would show/prepare TA/ give the prescribed docs etc.
show people over or can you?
are they preparing the TA?
are they registering the deposit?
There must be an agent who will do it for a fixed fee or lower than that Shirley ? I would agree that's very expensive. As mentioned we would charge 50% of 1 mths rent as a one off and we would show/prepare TA/ give the prescribed docs etc.
franki68 said:
obviously,but the rent attainable is 3x elsewhere but the cost of letting 10x if its one year,20x for 2 etc. It's unjustifiable.
Anyway it seems the answer is that it is what it is and I have to swallow it again.
I agree, I wasn't trying to be condescending. That sounds about at least double what most charge.Anyway it seems the answer is that it is what it is and I have to swallow it again.
Landlord costs will likely go up even more once the agency fee ban arrives.
If you get good tenants, they may stay a few years. You shouldn't have to pay anything extra to the agents if you allow the initial contract to carry onto a periodic tenancy.
superlightr said:
so what do you need the agents to do?
show people over or can you?
are they preparing the TA?
are they registering the deposit?
There must be an agent who will do it for a fixed fee or lower than that Shirley ? I would agree that's very expensive. As mentioned we would charge 50% of 1 mths rent as a one off and we would show/prepare TA/ give the prescribed docs etc.
Or, if it's so shockingly expensive, do it yourself. It's not hard at all and you'll find all the legislation, advice and whatnot else you need on t'interweb. show people over or can you?
are they preparing the TA?
are they registering the deposit?
There must be an agent who will do it for a fixed fee or lower than that Shirley ? I would agree that's very expensive. As mentioned we would charge 50% of 1 mths rent as a one off and we would show/prepare TA/ give the prescribed docs etc.
And yes, I'm a letting agent.
superlightr said:
so what do you need the agents to do?
show people over or can you?
are they preparing the TA?
are they registering the deposit?
There must be an agent who will do it for a fixed fee or lower than that Shirley ? I would agree that's very expensive. As mentioned we would charge 50% of 1 mths rent as a one off and we would show/prepare TA/ give the prescribed docs etc.
I want the agents to not charge 10,20 or 30 times what I pay in the rest of the country .show people over or can you?
are they preparing the TA?
are they registering the deposit?
There must be an agent who will do it for a fixed fee or lower than that Shirley ? I would agree that's very expensive. As mentioned we would charge 50% of 1 mths rent as a one off and we would show/prepare TA/ give the prescribed docs etc.
I was hoping someone could point me in the direction of some letting agents in the area who charge a fair price .
franki68 said:
superlightr said:
so what do you need the agents to do?
show people over or can you?
are they preparing the TA?
are they registering the deposit?
There must be an agent who will do it for a fixed fee or lower than that Shirley ? I would agree that's very expensive. As mentioned we would charge 50% of 1 mths rent as a one off and we would show/prepare TA/ give the prescribed docs etc.
I want the agents to not charge 10,20 or 30 times what I pay in the rest of the country .show people over or can you?
are they preparing the TA?
are they registering the deposit?
There must be an agent who will do it for a fixed fee or lower than that Shirley ? I would agree that's very expensive. As mentioned we would charge 50% of 1 mths rent as a one off and we would show/prepare TA/ give the prescribed docs etc.
I was hoping someone could point me in the direction of some letting agents in the area who charge a fair price .
if you don't want to pay their price then don't use them. I don't understand the issue.
Have you phoned around, how many have you contacted? what are the fees others pay who will cover that area?
Will the other agents you have used cover it? if not why not? make it worth while for them to do so.
You can always use purblepricks.
Edited by superlightr on Friday 28th April 09:43
k you ?to3m said:
Presumably you charge more rent for a place in Pimlico than you would for a similar property in Hull. One might well wonder what extra work you're doing for that money 
3x the rent I get compared to Manchester , but on a 2 year tenancy the letting cost is 10 times the cost of manchester .on a long let say ten years Manchester my cost would be £400 in letting fees ,if I applied it x3 flats to bring the rental income in line with Pimlico the cost would be £1200 in Pimlico the cost would be £20000.franki68 said:
to3m said:
Presumably you charge more rent for a place in Pimlico than you would for a similar property in Hull. One might well wonder what extra work you're doing for that money
3x the rent I get compared to Manchester , but on a 2 year tenancy the letting cost is 10 times the cost of manchester .on a long let say ten years Manchester my cost would be £400 in letting fees ,if I applied it x3 flats to bring the rental income in line with Pimlico the cost would be £1200 in Pimlico the cost would be £20000.Gassing Station | Business | Top of Page | What's New | My Stuff