Tenant Fee Ban – Your Options

August 15, 2018

Let’s make no bones about it. When the Tenant Fee Ban comes into force you WILL:

  • See a DROP in your income and profits
  • Achieve LOWER service levels
  • LOSE more landlords

So what are your options for overcoming the challenges faced by letting agents?

Options Pros Cons
Sell up Quick cash injection Your business ceases to exist and you’re locked out of lettings for 2 years+
Increase your fees Make up for lost revenue and maintain income or mitigate impact Risk landlord loyalty and damage your brand
Cut staff Operate more leanly Drop in service levels
Merge with other agents Achieve economies of scale Lose control and brand identity
Outsource to ARPM Save time

Save money

Improve service levels

Grow your business

 None – contact us: 01923 775705

 

At ARPM, we provide a COST-EFFECTIVE solution that’s EASY TO IMPLEMENT and allows you to MAINTAIN CONTROL of your lettings business.

Here’s why hundreds of agents have looked to us to support them in overcoming challenges and excelling in lettings.

Stephen, Oxfordshire, 2-branch agent

“When the Tenant Fee Ban was announced, we were worried that the drop in income would lead to a drop in service levels. With landlords leaving the market, as well as increasing competition, we needed to consider our options.

Having now worked with ARPM for the last 18 months, I can honestly say that outsourcing was a great option for us and proved the right move.

My team is now able to focus on valuations/viewings while ARPM take care of the admin tasks and property management on our behalf, and white-labelled to our business too.

As a result, we have grown our lettings book despite the tricky market conditions and my costs are the lowest they have been in years. I am very happy.”

Want to learn more?

Get in touch and we’ll provide you with a bespoke evaluation of your lettings business and how outsourcing can save it – tellmemore@arpm.co.uk

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Ignoring these simple winter property maintenance tasks could cost you big time

The latest research from nationwide cash buying company and quick sale specialists, Springbok Properties, has revealed that failing to complete some of the most common winter home maintenance tasks could cost homeowners thousands of pounds, as ignored issues turn into major repair jobs over the colder months. Springbok Properties analysed a series of essential winter…
Read More →
how to present your property for sale
Breaking News

Half of first-time buyers delaying until after the Budget

The latest research from eXp UK has revealed that almost half of first-time buyers (47%) have paused their homebuying plans until after the Autumn Budget, as uncertainty around potential tax and housing policy changes continues to weigh on buyer confidence. However, it’s not short-term tax tweaks they’re waiting for. The survey of aspiring homeowners, commissioned…
Read More →
Breaking News

Moneyfacts Average Mortgage Rate dips below 5%

The Moneyfacts Average Mortgage Rate has dropped below 5%. The latest analysis by Moneyfactscompare.co.uk reveals how the rate has changed over time.  Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said: “Borrowers will no doubt be thrilled to see mortgage rates drop, particularly the millions due to come off a cheap fixed rate before the year is…
Read More →
Breaking News

Does the market even need a Budget boost?

The latest market analysis from London lettings and estate agent, Benham and Reeves, has suggests that, despite mounting speculation around what support might come for homebuyers in the forthcoming Autumn Budget, the UK property market is already showing impressive stability and resilience – raising the question of whether it even needs a policy boost at…
Read More →
Estate Agent Talk

What You Need To Consider Before Diving Into Property Investments

Are you interested in exploring property investments? This is a smart choice because it means that you can explore ways to diversify and grow your finances, even over a limited period. That said, there are lots of factors that you need to consider here to make sure that you are going to be able to…
Read More →
Breaking News

Forget kerb appeal: LRG report reveals what really triggers a homebuyer’s offer

One of the UK’s largest property services groups has published its debut sales report, uncovering what genuinely persuades buyers to make an offer – and the findings challenge the traditional focus on kerb appeal. While sellers often guess which improvements will pay off, the data shows where money is well spent and where it’s wasted.…
Read More →