Independence |
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As a fully independent company, we have no incentives to sell ‘add
on’ products and services. We have freedom of choice over our suppliers
and are able to be flexible, as we have no parent company dictating our
policies. We receive no paybacks from suppliers. Our income is derived
solely from a percentage of the rent, and ad hoc services that we provide.
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Confidentiality |
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The
vast majority of our landlords wish to maintain privacy concerning
their business affairs. For this reason we do not display
photographs of vacant properties in our windows, our web site
can display only internal photos if requested. Our ‘to
let’ or ‘let by’ boards are optional nor
do we give out addresses of properties on lists to those who
enquire. |
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As we have no links to external companies, we obtain written tenant references
ourselves and information is held within our office. We do not use a referencing
agent as in doing so we would have to agree that personal information
concerning our landlords and their properties could be sold to undisclosed
third parties for marketing purposes. In return for providing this information
a fee would be provided – we believe this to be unethical. |
Knowledge and experience |
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Of
our 8 staff seven have been private tenants and four have
been or are private landlords. All our staff are mature and
professional. Our letting staff has over 30 years experience
in contracts, property and residential lettings. |
Minimising risk
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Any business venture including renting a property carries a risk. Our
job is to minimise the risk for our Landlords.
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References – character, Landlord, CCJ, electoral roll, picture
ID, accountants, employment and interview
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Correct payments
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Inspections–
every 3/4 months
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Maintain communication to both Landlords and tenants
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Ensure that our staff all receive regular professional training
especially that relating to legal updates.
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Realistic management of each situation…
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The East Devon rental housing market is undersupplied with properties
to let, therefore, it would be very easy to let quickly to the highest
bidder. We maintain it is better for our Landlords to take the time to
find a suitable tenant with sound references who will care for the property
whilst paying a good market rent, than to accept the highest bidder who:
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Rent
Guarantee schemes |
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Although we have researched this we do not recommend these schemes for
the following reasons:
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Rent
is only guaranteed for the initial length of the agreement,
most tenants stay longer than six months
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We wish to conduct our own written reference checks where we often
follow up with phone calls.
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If the correct tenant is found, rental guarantee should be unnecessary.
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We do not believe the normal simple yes/no tick box system to be
as thorough and remain unimpressed with the reference requests sent
to us by other agents which require a cursory ‘yes’ and
‘no’ tick box as an answer.
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Fees |
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We
do not aim to be the cheapest - we aim to be the best value.
Our fees for Full
Managed Service are fixed
at 15% of gross rent received – 13% for landlords with
2 properties and 11.5% for 3 or more properties within a building.
Fees for monthly rents in excess of £850 per month are
generally lowered following negotiation. |