I dont rent anything out but an elderly relative is, I noticed on the paperwork and bill from letting agent that the marketing fee they have charged her is the value of one months rent plus VAT, so £1200, that seems a complete rip off to me is this fee usually this high ?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Letting a flat and agents marketing cost
Collapse
X
-
-
Is this for a whole page in the New York Times?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
Originally posted by ELBBUBKUNPS View PostI dont rent anything out but an elderly relative is, I noticed on the paperwork and bill from letting agent that the marketing fee they have charged her is the value of one months rent plus VAT, so £1200, that seems a complete rip off to me is this fee usually this high ?Comment
-
Originally posted by ELBBUBKUNPS View PostI dont rent anything out but an elderly relative is, I noticed on the paperwork and bill from letting agent that the marketing fee they have charged her is the value of one months rent plus VAT, so £1200, that seems a complete rip off to me is this fee usually this high ?
No further charges I guess, or are there monthly charges too?Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.Comment
-
-
The property is actually for an elderly relative who needs to rent it out to cover her care home costs (£25k a year !) as we are having no luck selling the place.
Anyway a quick flick through the paper work and as well as the letting fee they charged, they have also charged a fee for it being 'fully managed' this is on top of the monthly 10% comission, is this type of fee for it to be fully managed normal practice, the fee is high ? So so far they have charged a 'letting fee', a 'full managed fee', then on top of that there is the inventory fee, fee for holding deposit etc
I've done some calcs and based on the full managed fee they charged plus the 10% monthly comission, they are taking 25% add VAT to that and we are looking at 30% !Last edited by ELBBUBKUNPS; 24 March 2014, 10:06.I like big butts and I cannot lie.Comment
-
Sounds steep
I'd expect between 8 and 13% (plus VAT) for a managed property, this doesn't include rent guarantee either. Initial fees can be damn expensive, so shop around. I use a small local agent, she's also a landlord as well. I find I get a better service than from the larger ones, even though she manages more properties.Comment
-
10% for a managed service i.e. they find tenants and do everything and you just get the money each month, is quite normal. I thought that's what you meant initially, but this does sound very expensive. I wouldn't...Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by ELBBUBKUNPS View Postas we are having no luck selling the place.Comment
-
Originally posted by BigTime View PostDrop the price
I cant understand how these firms managed to build so many over 60's warden accomodation as they knew there would be masssive over-supply, may be they got some government funding don't know, but its all seems odd to build more over 60's warden flats in the same area when they know there is already massive over supply.I like big butts and I cannot lie.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment