Why Landlords dont swap Letting Agents.
Most lettings agents will say, “Just get a landlord sat in front of me, let me talk to them and I will get their business”. Well if you want a landlord to talk to you, the first hurdle is to find those landlords, but nobody walks around with a badge that says ‘I’m a landlord’ and the only landlords that do walk through the door of your lettings agency are those who have had their rental property on the market for 6 weeks, the tenant moved out at week 4 and they have an overpriced void property that 3 agents in the town have already tried to let.
But the challenge gets even worse. When was the last time a landlord of yours swapped agents whilst there was a tenant in the property? Precisely … not many. As there is a tenant in the property 95% of the time, the landlord is unable (without incurring withdrawal fees and hassle) to swap agents 95% of the time. The only time a landlord can swap agents, without incurring those withdrawal fees or hassle, is when the tenant hands in their notice. But how many landlords at your agency, when you informed them the tenant had handed in their notice, said to you, ‘Don’t put my rental property back on the market for a few days, I am going to see if there is any new / better letting agents in town’. Again, not many.
If you want to know why landlords dont swap, please listen to the latest instalment of the LETTING AGENT PODCAST …’ Why Dont Landlords Swap Letting Agents‘ 4mins 50 secs
As always, for more articles and podcasts on attracting landlords to a lettings agency .. visit the blog http://how-to-grow-your-lettings-agency.blogspot.co.uk/