The top 3 things landlords want from a letting agent
We recently asked over 1,600 active landlords for their view of the market, their top concerns and what they want from an agent.
You can read some of the main takeaways and how Rightmove can help below, but feel free to contact your Account Manager for more details.
1. To provide guidance on legislation and reassurance on compliance
• 48% of landlords who work with a letting agent to manage their properties do so because they want guidance around regulation and legislation.
• 61% of landlords are worried about the abolition of Section 21.
• 1 in 2 landlords are worried about fines and charges for not making green improvements.
How Rightmove can help:
• Webinars and training on the Rightmove Hub so you’re up-to-date with the latest lettings legislation.
• A fully compliant tenancy progression solution for letting agents, so landlords know all their tenancies are compliant.
2. To make letting their property easier
• 63% of landlords who work with a letting agent to manage their properties said they do so to reduce hassle and stress.
• 34% say they use an agent because they provide additional services that make renting easier.
• 1 in 4 landlords say they use a letting agent because they don’t have time to manage their property themselves.
How Rightmove can help:
• 3 out of every 4 tenants find their home on Rightmove, so we can help you deliver results for your landlords.
• 200,000 tenants are referenced each year via Rightmove Landlord and Tenant Services, providing a quick, simple and painless referencing service for tenancies across the country.
3. To secure their rental income
• 3 in 10 landlords not using a letting agent say they would if they could guarantee their rental income.
• 1 in 4 landlords not using a letting agent say they would if they could find higher calibre tenants.
How Rightmove can help:
• A rent guarantee service with a range of policies for agents to guarantee their landlords’ income.
• An enquiry management tool that allows agents to focus on the most suitable applicants.
Sources: 1. Rightmove Landlord Survey, July 2024. Sample of 1,612 active landlords for UK residential properties. 2. Street Data from January 2024 to April 2024 based on a sample of tenancies comparing Rightmove with the next largest portal. 3. References completed by Rightmove Landlord and Tenant Services, May 2023 to April 2024
