Letting Agents and Estate Agents Can Be a Pain Outside the Big Cities
I have just bought a property in East Kent, an area that is set to do very well once the fast new train lines are built in three years and the area becomes more commutable. Plus, I expect this area will be increasingly “found” by second home owners over the next 5 to 10 years.
I will admit though, that whilst I wait for the capital growth to come through, in the interim I will have to put up with some pretty low rental yields. (The gap between net (after cost) rental yield and true full financing costs is about 1 to 2 per cent in this area even if one bargains really hard and buys really cheaply!)
But I’m confident capital growth will more than make up for this low rent in the long term.
I mention all this because one thing that always astounds me is how utterly unbusiness like estate agents can be outside big cities like London and Manchester.
Agents in London Do Return Calls Eventually
OK, I know many in London are not too good but at least most do return phone calls - eventually.
I actually signed up with 4 estate agents in this particular town to buy a property (sorry, can’t say exactly where it is) and only one bothered to get back in touch with me or ever sent me any property details. It is just incredible.
And as I am finding out, they are not too keen to make money the letting side too. For example, I contacted and left messages with two letting agents to put the house on with them on Saturday morning. It is now Monday night and they have still not got back in touch with me.
So, if you want to make some money head down the M2, turn right down the A2 and become an estate or letting agent locally. You’ll make a fortune.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
LettingFocus.com are the buy to let experts and I’m David Lawrenson, the author of “Successful Property Letting” – which has been the UK’s top selling property and buy to let book for the last 3 years.
We help landlords and property investors make money in property by coaching them in ways that work and which are of minimal risk.
I have been a landlord and property investor myself for over 25 years.
At LettingFocus we offer independent unbiased advice for landlords and property investors on a one to one mentoring and coaching basis as well as through occasional group seminars.
You should know that property clubs and property advice in the UK is still mainly unregulated and advice is often poor.
With no link to property firms, developers or bridging loan providers we at LettingFocus can give unbiased independent advice on where and what type of property to buy for investment, when to buy and how to buy property at a low price.
We also show you how to manage tenants properly and in ways that take up as little of your time as possible.
CHECK OUT THESE PAGES AT OUR SITE LETTINGFOCUS.COM:
THE HOME PAGE OF THIS BLOG click here: Blog
THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors:
Next Property Investing Seminar and Networking Event
We have GREAT OFFERS on a range of products for landlords too, click here including landlords insurance, tenant referencing, tenancy agreements and more: Services and Products for Landlords
For general info on our SEMINARS AND CONSULTING click here: Property Seminars, Networking Evenings and Consulting
ONE TO ONE CONSULTING click here: Property Consulting
CLIENT TESTIMONIALS from past customers click here: Testimonials
BUY THE BOOK click here: Buy the Book at Amazon
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
Liked this article?.... IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR OUR WEBSITE?
Seen this related article? Choosing a Letting Agency
Selling services to landlords and property investors and have a national coverage? You could be a partner, please get in touch!
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Over on the right hand side under all the previous blog entries you will find a button which says “Site Feed.” Simply copy the site feed link into your News Reader or News Aggregator.
If you have a website & are thinking of reproducing material here, that’s fine but we DO require a link to the blog to be included, including also all the links in this section. (The full article including all links must be available to ALL VIEWERS of your site and not restricted.)
I will admit though, that whilst I wait for the capital growth to come through, in the interim I will have to put up with some pretty low rental yields. (The gap between net (after cost) rental yield and true full financing costs is about 1 to 2 per cent in this area even if one bargains really hard and buys really cheaply!)
But I’m confident capital growth will more than make up for this low rent in the long term.
I mention all this because one thing that always astounds me is how utterly unbusiness like estate agents can be outside big cities like London and Manchester.
Agents in London Do Return Calls Eventually
OK, I know many in London are not too good but at least most do return phone calls - eventually.
I actually signed up with 4 estate agents in this particular town to buy a property (sorry, can’t say exactly where it is) and only one bothered to get back in touch with me or ever sent me any property details. It is just incredible.
And as I am finding out, they are not too keen to make money the letting side too. For example, I contacted and left messages with two letting agents to put the house on with them on Saturday morning. It is now Monday night and they have still not got back in touch with me.
So, if you want to make some money head down the M2, turn right down the A2 and become an estate or letting agent locally. You’ll make a fortune.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
LettingFocus.com are the buy to let experts and I’m David Lawrenson, the author of “Successful Property Letting” – which has been the UK’s top selling property and buy to let book for the last 3 years.
We help landlords and property investors make money in property by coaching them in ways that work and which are of minimal risk.
I have been a landlord and property investor myself for over 25 years.
At LettingFocus we offer independent unbiased advice for landlords and property investors on a one to one mentoring and coaching basis as well as through occasional group seminars.
You should know that property clubs and property advice in the UK is still mainly unregulated and advice is often poor.
With no link to property firms, developers or bridging loan providers we at LettingFocus can give unbiased independent advice on where and what type of property to buy for investment, when to buy and how to buy property at a low price.
We also show you how to manage tenants properly and in ways that take up as little of your time as possible.
CHECK OUT THESE PAGES AT OUR SITE LETTINGFOCUS.COM:
THE HOME PAGE OF THIS BLOG click here: Blog
THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors:
Next Property Investing Seminar and Networking Event
We have GREAT OFFERS on a range of products for landlords too, click here including landlords insurance, tenant referencing, tenancy agreements and more: Services and Products for Landlords
For general info on our SEMINARS AND CONSULTING click here: Property Seminars, Networking Evenings and Consulting
ONE TO ONE CONSULTING click here: Property Consulting
CLIENT TESTIMONIALS from past customers click here: Testimonials
BUY THE BOOK click here: Buy the Book at Amazon
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
Liked this article?.... IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR OUR WEBSITE?
Seen this related article? Choosing a Letting Agency
Selling services to landlords and property investors and have a national coverage? You could be a partner, please get in touch!
WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
Over on the right hand side under all the previous blog entries you will find a button which says “Site Feed.” Simply copy the site feed link into your News Reader or News Aggregator.
If you have a website & are thinking of reproducing material here, that’s fine but we DO require a link to the blog to be included, including also all the links in this section. (The full article including all links must be available to ALL VIEWERS of your site and not restricted.)
Labels: bad letting agents, choosing letting agents, estate agents, letting agency, letting agency tips, letting agents
This entry was posted by lettingfocus, on
Monday, August 13, 2007.
