Landlords Should Not Have To Pay Through Nose, Says Cut-price Agent
Online estate agent eMoov is branching out into lettings.
It will charge landlords a one-off fee of 249 plus VAT, to include professional photography and floor plans, referencing and all tenancy documents.
An optional management service will be priced at 60 per month regardless of rental amount, offering the same facilities as a high street agent: rent collection, administration, repairs, maintenance, inventories, gas safety checks and energy performance certificates.
eMoov, based in Essex, will arrange viewings but landlords will have to conduct them.
eMoovs estate agency arm works by charging an upfront free of 349 plus VAT.
Russell Quirk, eMoov founder, said: There is no mystery to letting a property. In this booming rental market, finding tenants really is the easiest job in the world far easier than finding buyers for homes.
So why should landlords pay through the nose?
We are able to slash the price considerably because we have lower overheads than high street agents one central office covering the whole of UK and contactable seven days per week.
Lettings agents fees have long been a bugbear for landlords, not least because many write in renewal clauses which state that landlords must pay another finders fee when the tenant renews their contract, even though the agent has done no more work.
In response weve come up with a transparent low-cost, one-off fee structure, which is similar to the small upfront fee with nothing to pay on completion that we charge vendors selling their homes via the estate agency arm of our business. This has already proved a huge hit with home owners, who realise that high street agents dont always deliver the service they promise.
Quirk is a former high street estate agency boss who started in the industry in 1984 and ran five branch offices between 1999 and 2009. He sold up to launch eMoov, saying that buyers simply do not visit high street agents any more.
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