Developer creates lettings agency for its own schemes

Developer creates lettings agency for its own schemes


Todays other news
The scheme is operated on behalf of the government by...
It’s in London’s Notting Hill - following an existing branch...
The protest is by the London Renters Union...
Reapit has entered a partnership with HomeLet and Let Alliance...
A council wants to be able to seize properties empty...


Development company Select Property has launched Select Residential, one of the first in-house lettings businesses of its kind by a build-to-sell specialist.

Select Residential says it “aims to create seamless and transparent rental management” and services will be provided by a team experienced in designing, developing and operating the residences they represent. 

The firm says Select Residential will find and vet tenants, complete contracts and hand over keys, handle rent collection, resident move-ins or move-outs, and support tenants’ queries and maintenance needs. 

The business’ in-house brokerage will also manage investors exit strategies at the time of sale.

It says this provides investors with “a fully rounded end to end experience without the additional layer of administration that comes with finding, appointing and managing a third party lettings agent.”

A spokesperson says: Owning the full piece, from initial consultations to exit strategies, instils trust while removing the stresses of our investors needing to be hands-on landlords.

“Select Residential is the final piece of the jigsaw for us, creating a genuinely unique end-to-end approach for investing in build-to-sell. It gives investors the simplicity of one point of contact, and the added reassurance that the professionals responsible for their investment always have an intimate understanding of their property; have no competing interests; and are committed to attracting the best tenants while maximising returns.”

After a phased rollout, Select Residential will manage thousands of the firm’s apartments across developments in Manchester and Birmingham. It currently has a 96% occupancy rate across its premium Affinity Living residences. Select Property is also building a new flagship Manchester residence One Port Street: the development has become 90% sold to investors in the space of a year.

The spokesperson continues: What sets us apart as a lettings service is how closely we work with residence managers on the ground. For example, our teams will be ready to welcome new tenants on their moving day, knowing their requirements in advance and primed to provide any assistance they may need. 

“It’s that deeper, personal service that makes our residents immediately feel at home – making them want to stay with us for the long-term. That’s a bonus for residents and investors alike.”

Tags: England

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
More than 20 property organisations and professionals have been named...
Johns&Co, an agency specialising in property investment and asset management,...
OnTheMarket has launched a new report giving details of real-time...
Fine & Country is expanding its operations thanks to two...
The BoE has come to a decision on interest rates...
The removal of temporary rent controls may make buy-to-let more...
There will be a greater emphasis on digitisation....
Recommended for you
Latest Features
The scheme is operated on behalf of the government by...
It’s in London’s Notting Hill - following an existing branch...
The protest is by the London Renters Union...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here