The portfolio of properties we manage on behalf of landlords has grown largely through word of mouth recommendations. Many of the landlords we represent moved their properties to us either in search of better service, or for the savings we bring them as being part of our portfolio. Or both.
Our emphasis on securing good quality tenants, minimising void periods and achieving the best possible rental yield performance sets us apart from traditional letting agents.
Over the past decade we have built a reputation within the London property market for representing high quality landlords and delivering excellent services. This means that tenants and relocation agents are very keen to rent the properties we manage.
86% of our tenants renew their tenancies and, on average, they remain for nearly 3 years. And of the properties we manage above £1,000 p/w, 74% are let to corporate tenants.
Our strong relationships and market influence with the London estate agents have enabled us to negotiate that our landlords do not pay renewal fees. Given that most of our tenants remain in place for an average of 3 years, this saves our landlords approximately 16% + VAT of letting agent renewal fees over that period.
For a property rented out for £1,000 per week, this equates to nearly £8,500 + VAT of savings over a 3 year tenancy.
We manage flats and houses ranging from period conversions, purpose built flats and properties within new build developments. We understand the different ongoing maintenance, expenditure and snagging that comes with different properties and this helps us foresee any potential issues and deal with them quickly and cost effectively.
We also have experience with inevitable rental crises such as a major leak from a property above on the day of move in. Whatever the situation we advise our landlords on tenancy law, their rights and obligations and we solve the problem.