UK tenants want to meet the landlord when viewing a rental property

Landlord Expert
By Landlord Expert January 30, 2013 10:17

 

In the market at the moment it is typical for a letting agent to show prospective tenants around a property, however, the survey shows that tenants would much prefer to meet and talk to their potential landlord.

The survey also revealed that approximately 1/3 of all landlords in the UK now self-manage their own properties*. These DIY landlords are prepared to take on the extra work of showing tenants around their property and are increasingly hands-on when it comes to the management of their properties.  This approach has it's advantages, such as meeting tenants face-to-face, building a relationship, but perhaps the most significant benefit being the considerable cost savings that are possible from such an approach.

Landlord Mr Mukherjee, with residential portfolio in London, commented: "I much prefer to use an online letting agent such as UPAD or Tenants4U for the simple reason that it saves me over £500 for each property that I rent out.  The process is exactly the same and I actually find that online agents are faster and more efficient.  I let my last property using the Tenants4U free property letting service - I uploaded the property details to their website and within 3 days I had several viewings organised, eventually letting the property after the first day of viewings.  The tenant paid a £99 application fee and that was it. I also got to meet all of the potential tenants and could make my own decision as to who I felt most comfortable renting the property to."

As landlords seek more ways in which to retain greater profits from their property rentals, taking the DIY approach is proving to be an increasingly popular option.  Tenants4U Managing Director, Shereena Lingiah, commented: "As a landlord myself, we provide the service that I would want for my own properties.  The lowest possible costs for the landlord, access to major portals such as Rightmove, the possibility of letting a property within a week and someone to help along the way.  We aren't here to replace the High Street letting agent, but we are here to provide a high quality alternative for those landlords that are seeking to boost their profits in return for putting in a little extra time."

Given that more tenants would actually prefer to meet their landlord and given the potential cost savings for landlords of taking this approach, it's not surprising that the online letting sector is experiencing such rapid growth.  Next time one of your properties becomes available, which route will you take?  

Click here to visit Tenants4U and find out more.

Landlord Expert
By Landlord Expert January 30, 2013 10:17

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