The Arrival of Propeller Lettings Wirral
Online, April 6, 2014 (Newswire.com) - When your letting agents charge £260 to replace a broken toilet seat and keep the tenant waiting nine months to get the work done you know that it's time to change your letting agent. Or, as in the case of recently launched Propeller Lettings, it's time set up your own agency.
Drawing on over 15 years' experience managing a private portfolio of residential properties, Propeller Lettings offers Wirral landlords a more open, honest and reliable property management service. It's made them one of the fastest growing rental management companies in the area.
"Over the years we've used a combination of letting agents and self-management for our family property portfolio," said Propeller Lettings managing director, James Long. "We've been shocked by the poor service and high charges from some agents. We know for a fact that we can manage rental properties more efficiently because we've been doing it for years. That's why we launched Propeller, to provide that quality of service to other landlords."
A key difference in Propeller Lettings' offer to private residential landlords is their fix fee property management model. The company claims it means large savings for bigger rental properties compared to most Wirral letting agents' fees, who usually charge a percentage of the monthly rent.
"It just makes no sense to charge a percentage of landlords' rent," continued Mr Long. "It takes us about the same time, effort and cost to manage a one bedroom flat as a six bedroom house, that's why we charge a fixed £55 monthly management fee whatever the size of property. We just don't see why larger properties should be penalised."
The company follows a 'small offline, big online' model, keeping bricks and mortar shop frontage to a minimum and investing where it counts, on the internet. The vast majority of tenants looking for a rental property start their search on the online, so Propeller's main route to securing tenants is through the market leading property search engines.
Landlords often have a hard time choosing from the letting agents Wirral has to offer, with price comparisons sometimes difficult. Propeller is unusual in publishing all its property management fees online, so that landlords can check prices up front easily, whether that's simple tenant find for £275, or full service rental management.
A key element of Propeller's successful property portfolio management has been good maintenance, fixing problems fast. This doesn't just prevent minor issues escalating into major repair bills, it keeps tenants happy. The results speak for themselves.
According to the NLA Landlords' Panel survey, the average void period for a private rental property is 60 days. Over the last three years the Propeller team's portfolio has averaged just 10.4 days per year empty.
The company offers landlords a unique system for keeping properties well maintained and tenants happy. By pre-authorising maintenance spending up to an agreed level, Propeller can solve minor problems fast and take up less of landlords' time approving every minor fix. Landlords can nominate their preferred contractors or use Propeller's extensive network of trusted trade professionals from the Wirral and beyond.
From a simple stand-alone tenant find service, to full property management, Propeller Lettings offers landlords a refreshing alternative to the old fashioned line up of letting agents Wirral is used to.