Based on the personal investigation of ours, landlords that make use of a letting agent estimation that they save £1910 annually a lot more than in case they marketed straight to tenants. The survey, of 500 landlords, uncovered prevalent misconceptions among landlords about the worth for cash provided by lettings agents. In reality, over 50 % of landlords surveyed now choose to lease out the properties of theirs privately, using more than 2 in 5 of those indicating the reason behind this is cost.
These results follow latest speculation that costs might increase for landlords, as a result of the ban on allowing agent’s costs for tenants that had been rolled away in June 2019. A perceived lack of worth for cash from UK letting agents might thus likely see an increase in the quantity of landlords that decide to let straight to the market, in spite of the financial savings made out of dealing with an agent. Right here we run through the most popular reasons for picking a Bristol letting agent.
Lettings agents might help you save money
Pricey costs? You better think again. Letting agents could really save you money over the entire year. In reality, our survey found that landlords help save £159 every month with a letting agent.
Vetting tenants is easier
1 in three landlords think the best role of the agent of theirs is vetting tenants.
Lettings representatives have community knowledge
Just under fifty % of landlords had been most drawn to their agent’s neighborhood knowledge.
Lettings agents are able to lessen landlord stress
Our survey found that about forty one % of landlords find helping agents less stressful than by themselves.
Letting agents are able to save landlords time
We discovered that lettings agents conserve landlords an average of almost 6 hours’ time each month.