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Assist Inventories

Assist Inventories are a leading property inventory company – we seamlessly deliver professional reports that are meticulously detailed, easy to read and contain multiple photos. Carried out by qualified and experienced staff that are all fully insured and members of AIIC & PRS using state of the art software and dictation.

Tenants’ damages and misuse of the property hurts financially and without a properly compiled property inventory report would render a deposit claim impossible. Why risk your clients’ investment – our inventory reports, check in and check out reports absolutely stand up to scrutiny.

ATTENTION TO DETAIL

Our inventory reports individually describe, itemise and photograph every aspect of a property's content. They contain, on average for a basic 2 bedroom flat, over 150 high quality, digital photos on the report itself. Our example property inventory reports are available to view online now here.

FAST AND RELIABLE

Reports are emailed to customers within 24 hours with hard copies available on request. Our property inventory reports are also available online 24/7 and can be sent to any recipient to view and/or sign electronically within a few clicks.

COST EFFECTIVE

Our pricing is fair, clear and concise; to make it easier for our clients we do not charge for additional rooms, parking, congestion charging, amendments by landlord or tenants, printing and mailing or any other sundries. See our price list here.

ACCESSIBLE

Last minute and out of hour's bookings are available. Contact us using the details below.

Assist Inventories

 

 

 

Proud to be entered into the 2018 Estas, the largest independent customer service awards scheme for Estate and Letting agents and its associated suppliers.

Assist Inventories

 

 

We work with many corporate brands and smaller high street branches.

 

CONTACT US:

Phone: 020 3322 6662

Email: Info@assistinventories.co.uk

Web: www.assistinventories.co.uk      


How Agents Can Recoup Losses from the Ban on Letting Agent Fees

14 September 2017 570 Views

How Agents Can Recoup Losses from the Ban on Letting Agent Fees

According to recent government figures, the average letting agent’s fee is £223 and 4.3 million householders pay this amount or thereabouts every year. The housing charity Shelter have also reported that some tenants have paid as much as £2,000 in letting agent fees in the capital.

In the Autumn Statement of 2016 the government responded to this growing dissatisfaction amongst property renters by announcing plans to scrap letting agent fees and during the general elections earlier this year, leaders of most major political parties including the PM voiced their support for the ban.  

The Tenant Fees Bill

During the Queen’s Speech at the State Opening of Parliament, 2017, her majesty detailed developed plans regarding legislative reforms that will soon prevent letting agents from charging prospective tenants. Documents that accompanied this speech also promised that leasehold reform would be next on the government’s agenda in due course.

Now, after months of consultation the draft Tenants’ Fees Bill has arrived and states that as well as banning landlords and agents from charging tenants, there will also be adequate measures taken police the ban and recover fees that they have been unlawfully charged

The Repercussions of the Ban

It’s argued that their fees go towards checking credit, references and ascertaining a tenant’s immigration status.

The Association of Residential Letting Agents (ARLA) said that outlawing these fees would also result in 4,000 lost jobs and could cost landlords up to £300 million with their chief, David Cox, adding that “a ban on letting agent fees will cost the sector jobs, make buy-to-let investment even less attractive, and ultimately result in the costs being passed on to tenants”. 

However, in Scotland where a ban has already been implemented there have been no significant rises in rental prices, so how exactly can letting agents recoup losses from the ban on fees? 

The Options

  • Landlord Fees

Expenses previously billed to tenants for things such as contracts, inventories, credit checks and references could be picked up by the proprietor and included in price they pay in landlord letting fees.

  • Expand Your Portfolio

Increasing the number of properties on an agent’s roster means that they are able to means that they will be able to collect a commission from more renters. Whereas letting fees are typically only charged once per tenancy, commission is collected on a monthly basis acting as a source of residual income and accumulating. By focusing more on business development and less on fees your business will survive in good stead.

  • Adding Extra Services

  • Tradesman Commission

Letting agents can make deals with tradesmen and professional services such as property inventory reports and referencing to work on their entire property portfolio in exchange for a ’tradesman commission’ which is usually around 10% of the fee to the tradesman in exchange for sending work their way. An agent would bill the landlord direct for the service in house then outsource the work.

  • Insurance Commission

Letting agents are able to make agreements with insurance providers to include an entire property portfolio under a blanket insurance policy and receive insurance commission in return.

Trusted Partners

If you are looking to outsource any of your work then ensure you are employing an experienced company to work with you.

At Assist Inventories we understand the industry as well as providing meticulously detailed inventory reports. Talk to us about what we can do to help you recoup the losses following the ban on agent fees.

How Agents Can Recoup Losses from the Ban on Letting Agent Fees

 

 

 

Proud to be entered into the 2018 Estas, the largest independent customer service awards scheme for Estate and Letting agents and its associated suppliers.

 

How Agents Can Recoup Losses from the Ban on Letting Agent Fees

 

 

Trusted by many corporate brands and smaller high street branches.

 

CONTACT US:

Office:

Studio F8, Battersea Studios

80 Silverthorne Road

London

SW8 3HE

Phone:

020 3322 6662

Email:

Info@assistinventories.co.uk

Web:

www.assistinventories.co.uk

 

Get in touch

Office

London
Studio F8, Battersea Studios, 80 Silverthorne Road
London
SW8 3HE
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