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Landlords finding tenants without an agent
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A friend of mine uses Gumtree, she reports success with the free adverts on there. Seems good for short term tenants as generally they don't stay beyond the 1 yr fixed term, maybe it attracts a more transient audience.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Post 9 above!.... See G_M's excellent post for newbie LLs, elsewhere on the HBR&S Board.
cheers!
(tbs- got a minute to take a look at https://forums.moneysavingexpert.com/discussion/comment/64127380#Comment_64127380 )?0 -
Thanks guys. If you go the agent route to find a tenant, and have them do the background checks, tenancy agreement and inventory and then leave it to you, how much do you pay for that?0
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allthingsmustpass wrote: »Thanks guys. If you go the agent route to find a tenant, and have them do the background checks, tenancy agreement and inventory and then leave it to you, how much do you pay for that?
Round here the going rate is 10% of annual rental for what you have described, rising to 15% for full management.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
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The agent can always refuse the business if the rent is too small to produce a £% that covers the agent's time + profit.allthingsmustpass wrote: »Seems odd to be related to the rent when the same work applies for any property regardless of the rent?
patently if the rent is £large then as the agent's costs are relatively fixed, the agent makes £larger profit - agent is in business just like you are to make money0 -
When I wanted tenants or lodgers, I used to advertise on the notice boards in the local Hospital lets say it attracted a better class of tenant who caused me zero hassle and paid up on time.0
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The agent can always refuse the business if the rent is too small to produce a £% that covers the agent's time + profit.
patently if the rent is £large then as the agent's costs are relatively fixed, the agent makes £larger profit - agent is in business just like you are to make money
Sure but why have the cost related to the rent at all is my point. It costs the same to type 1000 into the tenancy agreement as it does to type 500 into it.
What would you pay for example just to have someone find a tenant, do the checks on the tenant and then produce a tenancy agreement? Id imagine that could be a fixed sum unrelated to the rent. After all I notice that when an agent is involved they charge a tenant a spurious fixed sum for 'administration'.0 -
Whatever you can negotiate!allthingsmustpass wrote: »Thanks guys. If you go the agent route to find a tenant, and have them do the background checks, tenancy agreement and inventory and then leave it to you, how much do you pay for that?0 -
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