How will Letting Agents be spending the next 45 Days?
The government will be publishing statutory documents - templates - for landlords and of course, letting agents to use. Once the Information Sheet, Written Statement of Information & Terms, updated Section 8 (Form 3A) and Section 13 (Form 4A), time needs to be set aside to read and familiarise the whole of the letting team with these documents.
Relying on CRM systems and PropTech to streamline and speed up processes is great, however, questions surrounding the purpose of these documents, how they are served, consequences of non-compliance, need to be answered and that remit sits with the negotiators, valuers, property management team and in some respects directors and decisions makers.
The Role of the Strategist
Being a business person isn’t easy and being a business person when your focus tends to be your Passion is even harder. Take chefs and fashion designers as an example. Their creativity is sparked by their love for what they do - creating a new recipe and designing a spectacular gown is far more rewarding for them than running the numbers, setting targets, putting together projections for a five year business plan.
Don’t waste time thinking about your competitors - Focus on what’s right for your business.
Innovative Ideas. Funky Marketing. Low Price Points. Outstanding Service. Dedicated Customer Care. Technological Approach to Business. Passionate about Your Company.
Businesses go through transitions caused by trends, the Economy, changes in the customer expectations and needs, which means that businesses, large and small have to evolve. Our last blog dealt with Strategic Change, but deep down what sits at the heart of your business and makes your company stand out from the crowd? Ask yourself the following questions:-
Which kind of Strategy suits your Letting Agency?
Whether you run a Corporate or a Start-Up, it is important for management, owners & directors to know exactly which kind of strategy suits the vision and direction the business hopes to go in. With the advent of the Fee Ban, no one can really anticipate what the Private Rented Sector will look like in 12 months time, let alone 5 years time. Letting Agents are attempting to navigate the unknown - business plans have to be altered as do business models - is a fee increase to landlords warranted or should Agents hold fire just to wait and see how the land lies?