Lettings Agents Fees
RE/MAX Estate Agents Barry
Tenant Find
- 70% +VAT of the first month's rent
Rent Collection
- 50% +VAT Tenant Find then 8% +VAT per month of monthly rent
- Year 2 will drop down to 6% +VAT
Fully management
- 50% +VAT Tenant Find then 10% + VAT per month of monthly rent
- Year 2 will drop down to 8% + VAT
The minimum Base Fee for all services is
- £300 + VAT
HMO
- Minimum Fee £300 + VAT Per Room
- Rent Collection - 10% +VAT
- Fully Management - 12% +VAT
Tenant Find
Tenant Find service with RE/MAX lettings provides a qualified tenant with in-depth vetting & referencing checks.
Guidance on the new legislation regarding ECIR & Gas Safety and EPC with recommend professionals on standby. Personal compliance officer to assist with Inventory, HHSRS Report, smoke alarms, and testing.
Set up includes photography, advertising on Rightmove, Zoopla, On the Market, Primelocation and professionally written descriptions and accompanied viewings.
Holding deposit at referencing stage with deposit options for the tenant for extra protection for the landlord. RE/MAX Can hold the deposit in our DPS account or transfer it to your chosen account.
Occupation Contracts are set up with a standing order to the landlord account fixed for 12 months and compliantly updated with Rent Smart Wales Guidelines. The compliance package was sent to the tenant with a new guide and certificates ready for the term.
Rent Collection
Rent Collection with RE/MAX lettings provides the same as tenant-find with the collection of payments with more benefits.
We set up all the tenants' payments to ensure the tenant feels secure paying the rent. You have monthly pro formulas for the accounts, and we do a year-on-year summary of profits and health checks to keep up to market value rent when renewing with a free sales report.
If you take landlord insurance out, we help you with the claiming process if you should ever need it. You will continuously be updated with the latest legislation in Wales.
I recommend this to all my landlords. If you are local and have tradespeople, this is the perfect balance as you never get disputes over paying for the work, as estate agents add charges on top of work for profits. You are in complete control, and we can ensure the tenant is happy and secure in their home and make the landlord look professional.
Fully Management / Property Management
Property Management service is the same as the tenant find and rent collection with a hands-off service.
If you want the full management service, this is a passive income. As we take control of the property/portfolio, you will continuously be updated with anything that happens within the property and any new legislation in Wales.
Before any maintenance is carried out, you will always be asked before confirming a price, and happy to set up with your tradespeople if needed for pricing and trust. We have a recommended panel of trusted tradespeople that we use daily.
We DO NOT make profits on top of jobs to ensure complete professionalism and trust as a business while growing our relationship.
The main issues usually are plumbing and electricity. We recommend you take an emergency cover such as homeserve or britsh gas Landlord cover to protect your tenant and investment.
Personal service with the local lettings agent and qualified with rent smart wales to provide you with a healthy income stream on your investment.
Portfolio Management Growth
If you want to grow your portfolio or increase your current profit margins, we offer an all-in-one service to ensure you get the best out of your investment.
We offer a free health check of the portfolio and asses where margins can be increased. Making sure it follows the new Welsh regulation guidelines. Working closely with the mortgage broker ensures you have the best rates to gain the best ROI.
If you own the investments outright with no buy-to-let mortgage and gain a 6-7% yield, we can show you how to turn that asset into a potentially 21-24% yield.
Personal service with lifetime business relationships. Having an estate agent and mortgage broker to call on at any time for free advice.
