According to reports, the average rent in England and Wales during December 2013 was £734 - a figure expected to rise during 2014. Everything Lettings makes an educated guess that the average full management fee in the UK is around 12%.
A quick calculation shows that a letting agent would be recouping, on average, £88.08 per month on each managed property. It goes without saying that every property professional wants to see as much of the fee in the bank as possible.
For less than £6 a month per property - around 7.1% of your management fee - Everything Lettings can take care of all your unplanned and emergency maintenance. Placing your properties with us allows you to bank' more of your management fee, as it can free up your resources and can lift the stress associated with providing emergency cover. It's a small price to pay for peace of mind.
A fragmented approach to emergency maintenance is hard to control and cost. Each contractor will carry a different call out charge and out-of-hours rate. There's also the bonuses you might pay staff who volunteer to be on call and man any emergency 'phone line. Then factor in the administrative time involved in finding good tradespeople, checking their credentials, booking their time and scheduling appointments with tenants. And we haven't even touched on gas safety - perhaps you're paying for a dedicated in-house administrator to cover all this - a massive outgoing and dent in your bottom-line figures.
Everything Lettings' Out Of Hours Premium product offers complete 24/7 emergency cover and an unlimited claim service for the small sum of £5.75 per month. This fee includes:
A professionally-manned emergency 'phone line open 24 hours a day, seven days a week, 365 days a year - a service that can also be white-labelled
An experienced call handler who will qualify the emergency, assign a vetted, professional tradesperson and schedule an appointment with the tenant
Covers for up to £500 per claim*, with no cap on claims per year
A single point-of-contact who will complete all the paperwork and invoicing for simple billing and accountability
A three month guarantee that covers all our contractors workmanship
Everything Lettings - providing the lettings industry with property maintenance plans, gas safety care programmes, boiler leasing, 24/7 365-day emergency maintenance cover, utility switching, EPCs and PAT testing.
Everything Lettings - Tel 0844 272 2442 Mobile 07970 840561 E: tellmemore@everything-lettings.co.uk W: www.everything-lettings.co.uk
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