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Friday, 13 March 2015

Who does your letting agent really work for?

Initial conversations between landlords and agents tend to focus on quality of service and price.   Yet when a landlord picks an agent the landlord expects the agent to act in their best interest at all times- but is that always the case?

In our local lettings market here in Southampton we have a large number of corporate agents, large independents and smaller family businesses. However the larger the agent, the more processed the systems becomes, the owners are removed from the business and the staff at the coal face are commission driven - it tends to become more important to secure a quick let, so the staff can pick up their commission rather than getting the best rent / tenant mix. It is all about feeding a lettings machine rather than doing whats best for the landlord. Is this really in the landlords long term interest?

We consistently see properties which are offered at a low rental level compared to the rest of the market. Just today an agent has put a top floor 2 bed unit on the market at £895 in very good condition - we have let two units in the same block in the last 6 months, a ground floor at £950 and a top floor at £975. Our properties let quickly to great tenants and we have very happy landlords.

So if you would like to check if you are getting a good rental on your property and your agent hasn't become lazy then please drop me a line or give me a call and I would happily chat it through.

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