22nd November 2021
What Has The Pandemic Taught Us and How Has The Market Changed?
White Label rental property management companies boost profits & irradicate cost. With more than 10 estate agencies per week going bust, it’s fair to say that Covid-19 has changed everything for estate agencies and rental property management companies. Only the fittest will survive so right now, it’s all about growth. But growth comes with cost, particularly in the lettings industry. More admin staff, more fees, more everything except sales. Some argue that the days of the high-street estate agency are over, but I doubt that’s the case – at least in the near term. We’re about to see one of the most significant shakeouts the property market has ever seen. The question is how can you grow without increasing your overhead costs disproportionality? Increasing lettings is a great way to improve your regular turnover and help protect your business from short term impacts such as the pandemic. No matter how attractive the additional revenue may be, property management comes with a LOT of administration and associated costs. People, subscriptions, licenses … it’s a long list. You may have some capacity in your team, but how much? The solution is to remove the burden of property management from your business. But, what about profits I hear you say. Let’s be clear, removing the burden doesn’t mean removing it all together, it simply means letting go of the administration and outsourcing that aspect of your lettings business to one of the new breed of rental property management companies. Not only will outsourcing allow you to hire more fee earners, you won’t have to worry about scale. Take on as many properties as you can close, knowing that the outsource agency can expand to fit your growth. It is possible...
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...
What Has The Pandemic Taught Us and How Has The Market Changed?
PPM is the first company to offer Landlords a one-stop-shop for every aspect of property management.
A single, highly experienced, point of contact means you will never have to waste time, or worry, about your property.
From tenancy agreements, to mowing the lawn and everything between, we’ve got you covered
