Why should Landlords use an Independent Lettings Agency vs a High Street Agency?
Landlords in London have a wide range of options when it comes to finding an agent to help them with their lettings and property management. While many landlords may be tempted to go with a high street agent, there are several reasons why an independent agent like Your Home Managed may be a better choice.
High Street agents often charge higher fees for their services than independent agents. This is because high street agents have higher overhead costs such as rent, utilities, business rates, staff salaries and more. As an independent agent on the other hand, we have lower costs and we can therefore charge lower fees. We have found that Landlords who have moved to us from another agency, have saved an average of 2-5% on fees, and are much happier with our service.
High Street agents may be more focused on meeting targets and meeting the needs of the corporation they work for, as opposed to focusing on you and your property and your specific needs. As an independent lettings and property management agency, we can provide a more personalised service to our landlords. We are not tied to a large corporation and can therefore be more flexible and responsive to the needs of our clients.
Independent agents often have more local expertise than high-street agents. They are often more familiar with the local market and can provide more accurate advice to landlords about how to market their properties and what types of tenants to look for. High street agents, on the other hand, may not have as much local expertise and may not be able to provide as much value to landlords. For most estate agents and letting agencies, their goal is to move as many units as possible, as opposed to finding you the best tenants and achieving the rent you deserve.
Independent agents often have a better reputation than high-street agents. This is because they are more transparent and honest with their clients. There is a much more personal service. We want to take care of our clients, so they can take care of us. High street agents, on the other hand, maybe more focused on meeting targets and not as transparent and honest with their clients.
Independent agents are more likely to have the latest technology and be up-to-date with trends in the industry. High street agents, on the other hand, may be more focused on their traditional ways of working and may not be as up-to-date. Don’t be fooled by their branding and the several letters they send you…