Rewards & Success

The potential financial reward for running your letting agency could reach six figure sums, working full time to build a solid management portfolio.

However, the exact amount of time you wish to devote to your business is entirely up to you and even working part time offering a ‘let only’ service can provide a considerable second income should you choose to operate your business this way.

The property management side of the business alone can create a fantastic residual income when you consider that the average property rents for £650 per month and based on a modest commission rate of 10% the following table clearly illustrates this potential.

While money is a great way to measure success in this business, the freedom, job satisfaction and security that it can bring is hard to put a price on. This business is one of the best examples of working smarter rather than harder. The stability of ongoing monthly commissions from an established portfolio of properties can have a dramatically positive effect on your lifestyle and quality of life.

What success in this business might mean to you is a matter of personal preference. For some, income from part time running their own lettings business can mean a few more family days out a month or their mortgage paid off quicker, whilst others are buying convertible sports cars for cash from their earnings.

The choice is yours and that is one of the most important benefits of this opportunity.