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By Calum Brannan, CEO of No Agent Finding good tenants and managing your property successfully doesn’t mean you have to pay through the nose anymore. When you ask a landlord about their lettings agent, the most common answer you’ll get is a frustrated groan. Most complaints have to do with the high costs of using an agent, with a fully managed service costing between 8-15% of the annual rent.
Figures last week from Knight Frank’s annual report showed that nearly one in four households in Britain will be renting privately by the end of 2021, as climbing house prices and stagnant wages increasingly make home ownership an unrealistic dream for many. Approximately five million households are in private rented accommodation, a quarter of these are families with children.
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