Because it’s open, honest and fair. In most cases, how much letting agents wirral charge makes no sense. Why a percentage of the rent for managing a property? It takes the same effort and cost to let a cheap property as does to let an expensive property, so the renting fees to agents should be the same too.
As an agent advertising properties to let through leading web search sites our costs are a fixed overhead and don’t change whether you’re renting out a mansion or a maisonette. So why penalise landlords with larger, more expensive properties by charging a percentage?
Some landlords might need to rent out a large family home to pay for medical care. Some landlords may have inherited a big property they don’t want to sell. Some landlords might need a buy to let agent to compensate for their lack of knowledge or lack of time. Some landlords might need to let a property to cover the mortgage while finding a buyer. Others might need an agent to rent out their home while working overseas.
We think it’s unfair these people should be charged more by taking a percentage of the rental value. That’s why we offer a flat rental management fee, no matter the rental value.
If a property manager charges a true percentage on a low rental property they either have to find a claw back method through the tenant (or landlord) – unfairly penalising the tenant – or make a loss. And you never want to be in business with someone who makes a loss.