Unlocking Potential Revenue: How Let-Only Agents Can Increase Income by Adding Property Management Services

Letting agents have been told today, that by focusing on lettings only and not offering property management, they could be losing out on thousands of pounds of potential income. New research from outsourcing supplier ARPM, reported in Letting Agent Today, shows that many agents typically offer let-only. By offering a full management service too, ARPM calculates they could boost average annual income by up to 80% per tenancy. That's big money.

Unlocking London’s Property Management Potential: Navigating Market Opportunities Amidst Rising Regulations

The report reveals an untapped market of almost one million landlords in London alone who only use letting agents to find them tenants - or don't use one at all. With private rentals expanding across the country year-on-year and many landlords living remotely from their investment property, there is huge potential for growth. And a chance to claw back the estimated £400 per letting that agents are expected to lose as a result of the tenant fees ban. But and this is a big but property management is a serious business. The government has agents in its sights right now and poor service in our sector is soon to be outlawed by the advent of stronger regulation and the need for recognised qualifications. So, like marriage, this isn't a client relationship to be entered into lightly.

Comprehensive Lettings Solutions Tailored for Landlords and Tenants

As chartered surveyors and professional managing agents, we have specialised in this service for many years. Our lettings division Life by Ringley, based in Manchester and servicing clients across the region, has a clear understanding of the differing needs of landlords and tenants. We provide both basic and full management services, with fees clearly stated from the start.

Click here to find out more https://lifebyringley.co.uk/ As well as managing rental property, Ringley specialises in servicechargesorted.co.uk/blogs/remedies-for-leaseholders-with-an-absentee-landlord leasehold blocks.

Flexible Block Care Services: Management Options for Every Budget

Rather than a one-size-fits-all approach, our Block Care offer has something for everyone from a basic service to fully managed options. Fees are charged according to the level of management you require. Sign-up is easy and almost everything from site reports, minutes, invoicing and accounts can be done online. We can take us much or as little of the hassle out of your management requirements as you want us to. We even have a tailor-made package for you to use if you can't afford a managing agent!

Click here to find a package that suits your needs https://www.ringley.co.uk/property_management

Boosting Revenue: Let-Only Agents Can Unlock More Income with Property Management

Let-only agents may be missing out on significant revenue by not offering property management services. New research shows that by expanding into full management, agents could increase annual income by up to 80% per tenancy. With an untapped market of landlords in London and beyond, there’s huge growth potential, especially as private rentals continue to rise. However, property management comes with increased regulations and higher service expectations. At Ringley, we offer tailored management services that meet the needs of both landlords and tenants, ensuring a comprehensive solution to enhance property investment returns.