Tennent finder fee

Flyboy152

ShannonE wrote: »

If you choose to go down the route of using an agent the guys at E-stateagent charge £99 + VAT up front to find a tenant, the property team then manage the property for £50 pcm or 5% of the rent achieved, whichever is greater if you're still wondering about prices - hope this helps.

Best of luck!

Not cost effective if the tenant is there for three years.

kazire

Thanks for the input I am thinking of a managed agreement as I'm wanting less to do with the property at the moment however I was wondering if you can negotiate the rental price say if they said they can easily let it at £775 but I think that it is worth a little bit more a month say £795/£800 compared to other similar properties just the finish to the house ie everything is new and just appears a better standard than other houses for 775? Can I ask that it be put on for my figure? Thanks

Werdnal

The agent works for you - they can suggest a rental amount, but you can put it on for whatever you like! However, you may be better keeping the rent realistic and letting it 12 months a year to good tenants, than charging a higher amount, and have lots of short 6 month tenancies or even voids!

My flat is in a block of 8. Currently set my rent at what I consider a fair amount, and have had current tenant in place for 2 years, previous one for 5 years. Another similar, but perhaps slightly more updated flat in the block is on at around £30 a month more, and it is always re-appearing in the paper for let, and has currently been empty for atleast 2 months!

The difference in rent you are suggesting, can soon be eaten up in voids and associate costs of re-letting every 6 months! Long term tenants are also likely to look after the property more, than frequent changes. Remember, your "new" fixtures and fittings are only "new" until the property has been let once!

kazire

Thank u for your response Just the area the house is in is apparently desirable small ward near the sea and a similar house but not in this area valued the same with old kitchen and radiator pipes going up the walls just looks a bit odd to me dado rail whereas mine is renovated throughout.

Flyboy152

kazire wrote: »

Thank u for your response Just the area the house is in is apparently desirable small ward near the sea and a similar house but not in this area valued the same with old kitchen and radiator pipes going up the walls just looks a bit odd to me dado rail whereas mine is renovated throughout.

The property may be "worth" more than similar houses, but the market will only pay what it can bear. No one is going to pay ten or twenty per cent higher rent than the house next door.