Agents vs Orchard Gate
| Services provided | Letting Agent | Orchard GatePROPERTY SOLUTIONS |
|---|---|---|
| Rent per calender month | £1,000 | £800 |
| Typical void period (1 month) | -£1000 per year | £0 |
| Management Charge (12%) | -£1440 per year | £0 |
| Inventory & Deposit protection | -£200 | £0 |
| Maintenance Costs | -£750 | £0 |
| Safety Certificates | -£200 | £0 |
| NET Annual Income | £8,410 | £9,600 |
| NET Income per calendar month | £700.83 | £800 |
| Court Costs | Landlords Risk | None |
| Rent Arrears | Landlords Risk | None |
Are you doing well
Although it may seem the letting agent is paying more rent, once you do all the calculations and work out their charges and deductions you are generally left with a 20-30% less. Most landlords don’t take these payments into account and therefore are not actually getting as much rent as they think they are!
By using a letting agent you will be subjected to - letting fees, call out fees, parts, labour, void periods, malicious damages and general maintenance etc...
On the other hand we guarantee your rent for the fixed term without any deductions. So you know what you are receiving each month & every month for the duration of your agreement.
