Agents can offer ‘lettings service’ without having a lettings division

26 January 2021 | Renting

Agents can offer ‘lettings service’ without having a lettings division

Fine & Country is offering agents the option of setting up a lettings service without actually having a lettings division of their own.

The brand has teamed up with asset management company Complete RPI, to offer property management services to landlords via agents without the need for formal lettings departments.

The services include property management with lettings and ongoing maintenance, reviews of landlords’ portfolio performance, and the facility for landlords to keep in touch with their investment performance with online reporting and tracking.

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“Whilst we have licensees in the network offering lettings already, there are many that do not due to the ever-increasing legislation, and administration work involved. You really do need to be an expert in lettings which is why in partnering with Complete RPI, our whole network will be in a position to offer lettings and management, knowing their clients are in safe hands” according to Nicky Stevenson, Fine & Country’s managing director. 

She continues: “As we recognise an increasing number of ‘start up’ licensees, and associates joining the network, being able to offer a quality letting and management service means our agents can offer a full service from day one, whilst importantly generating revenue into their business quickly while they wait for their sales pipeline to bear fruit.” 

Rupert Smith, managing director of Complete RPI, says his business will be able to consolidate landlords’ portfolios, even if they have properties managed by other agents.

“We also offer a strategic review where we can evaluate [landlords’] portfolios, look at the length of ownership and how much it has grown in value, what their funding is and whether the portfolio is actually meeting the desired objectives. If necessary, we will be able to complete a restructure of the portfolio, reassessing how it is funded and exit the investor’s position for stock that isn’t necessarily matching the criteria they set out from the get-go.”

This post has originally been featured in Letting Agent Today.