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Letting Fee

overpaid letting fee

Are You Over Paying Your Letting Fee?

The Home Cloud is a letting agency specifically designed to give landlords a hassle-free service at a competitive letting fee which leaves you with more net rent in your pocket at the end of each month.

Last year we were featured in The Sunday Times as an example of a modern agency who puts our customers first and provides real value for money at a competitive fee.

See our blog from June 2015 at https://thehomecloud.co.uk/blog/the-home-cloud-tide-of-change/

As a landlord, you should constantly review the market and regularly ask yourself “am I overpaying my letting fee?”

Landlords are switching to us because we have created a model which allows us to charge on average 25% less whilst getting the job done properly.

What should you be paying?

Agents tend to charge for their services monthly and to calculate their letting fee as a percentage of the monthly rent.  The higher the rent the higher the fee.

It has become the norm for letting agents to charge in double digit percentages, many are still charging a letting fee of 15% or more.

In London, the rates can be even higher.

In addition, it has become normal practice for agents to significantly inflate costs passed onto the landlord for maintenance and repair work organized by the agent on the landlord’s behalf.

Under our model we offer complete transparency re our charging structure and limit our monthly letting fee to a maximum of 6% of the rental fee plus a further 2% if we are required to manage the property.

You will never need to pay more than 8% for the total service.

Do I need a Local Agent?

At the Home Cloud, we don’t have a high-street presence but as a landlord, you receive all the benefits as if we were local.

We do this over a wide area covering London and the south east because of our efficient processes and our web portal which gives each landlord a 24-hour access via their own dedicated account.

In addition to our modern technology we also provide each landlord with one point of contact with a director of the company to ensure a hassle-free service.

What if I don’t want you to manage my property?

No problem, we are happy for you to manage the property yourself in which case we remove the extra 2% fee.

What do I get for my money?

 We provide two levels of service –

 Let the property (fee is 6% of the rent) which covers

  • Your property advertised on the major portals
  • The services of our professional in house marketing team
  • A dedicated one point of contact with an ARLA qualified director
  • Deposit protection
  • Full referencing checks
  • Monthly rent collection
  • Your own personal account on our on-line portal

Manage the property (fee is 2% of the rent) which covers

  • A 24-hour tenant support service
  • Regular inspection and report on your property – every 12-weeks as standard
  • Repairs and maintenance management
  • No mark up on maintenance costs
  • Monthly and annual rent statements

If you are a new landlord looking for the best service at the most competitive fee or an existing landlord who is currently over paying your letting fee, then please get in touch to see how you can end up with more rent in your pocket each month.  Contact us at https://thehomecloud.co.uk/contact-us/

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