Many agents have already been affected by the Tenant Fees Ban. With even more regulatory changes looming on the horizon, the industry as a whole will face higher compliance costs and lower topline revenue. Letting Agents must use cost-effective ways to improve their service offerings and ultimately, translate the effort into bottom-line profit.
Rajeev Nayyar, MD of Fixflo, shares the learnings from their annual industry research, The Fixflo Lettings Report 2019:
o Many say the BTL market is cooling down – What are landlords actually planning on doing with their property portfolio? Where are the opportunities for Letting Agencies to develop their services?
o When it comes to repairs and maintenance works, what do agents, landlords and tenants expect from one another? What can agents do to meet and exceed the expectations from landlords and tenants?
o How are we, as an industry, prepared for the Regulation of Property Agents? What can we do now to make sure we will thrive in the future of Lettings?
Completed by over 1,000 agents, landlords and tenants, the Fixflo Lettings Report 2019 was released this November. Fixflo develops repair & maintenance software solutions for letting agencies.