Even more excitingly, two new factors have injected even more momentum into the lettings market:
1. Increased Legislation
With new rules for HMOs (Houses in Multiple Occupation) and the handling of tenants' deposits, landlords have increasingly needed the help of letting agents. In meeting this unprecedented demand, letting agencies across the UK are making big profits - why not you too?
2. Slowdown In Property Sales
With so much in the news about the slowdown in the housing market, few people outside of the property industry recognise how much potential this trend is providing to letting agents. "Let to move" is the new solution for those struggling to sell - letting their property out to provide an income whilst the sales market is uncertain.
In turn, buyers are likewise deciding to 'wait and see' what happens with house prices and therefore renting properties in the meantime, providing a steady stream of applicants to your letting agency. This unprecedented demand for property has made it not unusual for us to let properties in a single viewing in our own letting agency business.
The rise of a more ‘continental’ approach to property has also led to many people now choosing renting as a lifestyle choice, freeing themselves from the 'hassle' of property ownership. Put simply, more landlords letting their property and more tenants needing to rent has created a massive market with letting agents in the perfect position to benefit from providing a much needed and valued service.
Letting 4 Success provides you with the resources, know-how and support to tap into this lucrative market. Now you too can join in the explosion in the rental sector and profit from providing letting and management services to landlords in your area.
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