Setting up a letting agency in modern times is now a lot easier thanks to the way in which the majority of us now search for our future homes. Major website portals such as Rightmove and Zoopla and even free to list portals such as Houseladder and Nestoria, are all now household names and nearly all estate agents advertise on at least one of them.
As a new agent, you can straight away claim to be trading on a level playing field with all other competing agents, offering the same amount of property exposure and aiming to offer a more proactive as well as personal service in comparison to a more established agent
Traditionally, an aspiring agent would need to rely on having thousands of pounds to invest into a prominent high street presence and then many more thousands for investment into local advertising, brand awareness and general advertising for tenants or property buyers. For many ambitious people, possessing the necessary skills to make this work, lack of finances would be a major hurdle to overcome in most cases
Many of the larger more established estate agents in the UK have been rattled in the last few years by both the steady flow of new estate agents taking advantage of working from their home or office when initially setting up their new business. With the rapid evolution of internet technology and estate and letting agency software, a one or two person office working from home can quite easily manage up to 100 properties with comfort.
Of course, the natural progression for a new start up agent would be to eventually get an office whether this be managed office space or a high street presence. As the online estate agency business model becomes more popular, it may be the case that agents would rather put off expansion for as long as possible, so that a significant advantage in fee flexibility is lost as a result of having to cover a lot higher business overheads.
For those reading who are interested in starting their own letting agency business in the UK, there are companies providing very cost effective start up packages, offering training courses, property website templates and software as well as support.
The opportunity is very similar to a lettings or property franchise where the franchisee receives all of the franchisors documents, tools, website template and systems to help them get set up. The only difference really is that you would be completely independent. This is also a great alternative for one that may be looking for a letting agency or estate agency for sale. For more information please click here.
This start up product is offered by nationally approved Letting Agents, Anthony and Co, who are based in Leeds City Centre and offer lettings and property management services all across Leeds and Wakefield.
Anthony and Co is a family run business and started in 2006. In 2009, they began helping people start their own letting agency, using their own proven and tested techniques.
To see their website, please see the following link www.anthonyco.co.uk