Letting agents in Margate

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  • #37876
    peterdelamothe
    Keymaster

    We are looking at a JV in this area and had a pleasant day yesterday. We also went arount the letting agents to ask about the rents and what the local Council would pay in HB (it has a lot of unemployment).

    I have never heard such rubbish! Despite “feeding” them with information, the agents were adamant that the Council would only pay x and y based on the size of the property; knew nothing about the change from April 2011 about direct payment etc. Ghita struggled to restrain herself ….

    If this is the “advice” that is being given nationally, there really is a big problem!

    #106656
    david bradley
    Participant

    Great for us………… our expertee’s gives us the oppertunity to make the most of these changes before the general landlord population get on the band wagon……. bring me the big 5 plus bed families and the cheep large 5 bed houses that the landlords no longer want because of the 4 bed cap 🙂 happy days

    #106714
    peterdelamothe
    Keymaster

    Will they ever I wonder? The wrong info must be costing landlords hundreds of millions I reckon.

    #106715
    david bradley
    Participant

    I don’t know if you Peter, the 2 + 2 strategy was being sold by a company as a secret with secrecy documents being signed, they were charging in the region of £15,000. The landlords that paid had about a 6 month lead advantage on the rest of the Market however a year later and I bet there’s less than a dozen landlord in the whole of Leeds that know how and have implemented it.

    So yes, there may be no band wagon, however plenty of savvy landlords realised they could have 4 plus bed families in london in smaller houses to make a fortune.

    Would you know what percentage of landlords and letting agents implemented that strategy in London? It would be interesting to know, obviously the media may have blown it out of proportion when they got there teeth into the strategy/story?

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