Grow by outsourcing to rental property management
companies – it’s the future of lettings.
Outsourcing to rental property management companies may be
your best chance to grow and survive the legacy left by covid-19. Why? It’s all
about reducing your cost base without diluting your service or slowing down
your rate of growth. Growing a letting a portfolio is usually an organic
process, that aligns with the other aspects of your property agency. Sadly, agency owners can’t wait to let life
happen, they need to grab the business and grow right now.
As distasteful as it may be to think about, the number of
property agencies going under (as many as 10 per week), is leaving a gap in the
marketplace for landlords and they are looking for new agents. How can you grab
that business without over stretching your resources or slowing your down? Outsourcing
to rental property management companies is a relatively new concept in the
lettings industry, but right now it might be your best chance of coming out of
this period stronger.
How long does it take to transition? How can I protect my
brand? What will my landlords think? Is it safe? These are just some of the question’s
agency owners have. And yes, not all rental property management companies were
created equal. But there are some excellent options available to agency owners allowing
them to switch seamlessly and incredibly quickly.
There are two types of rental property management companies;
those who use their brand and those who allow you to brand it with your agency name
and brand. The latter are often referred to white label services and presents
the best option for agency owners as it allows you to improve your profit base
without diluting your offering (or perceived offering).
The question of cost effectiveness is always at the top of an agency owners list. Let me make this simple for you.
OUTSOURCING YOUR PROPERTY MANAGEMENT SERVICES WILL INCREASE YOUR PROFIT BY ALMOST 40%!
To grow you need more fee earners, which means more payroll,
more desk space, more everything which is tricky when you also carry the cost
of property management. Outsourcing immediately removes the cost and
administrative burden. Leaving more room for fee earning staff and ultimately
more sales. Right away you stand to be up 40% from your rental property income,
but the increased revenue from those new fee earners will take you to the next
level.
It’s a no-brainer. If you want to do more than simply
survive the covid-19 era, growth should be at the top of your agenda right now.
Don’t let those new sales opportunities escape you, grow your lettings business
and never worry about scale again.
PPM was one of the first companies in the UK to offer a
white label property management service. Outsourcing will transform your
ability to sell more, while simultaneously delivering a superior standard of
property management for your landlords and tenants.
