NEGS NOT GETTING ENOUGH LANDLORD LEADS?
A huge reason your negs aren’t getting new landlords is you incentivise them (bonus / commission) on move ins …
Rewards drive actions
Maybe you should change your bonus scheme?
You are happy enough to pay 150% of the annual letting agent fee when you do an acquisition (eg rent of £1k at 10% management fee means you earn £1,200 per year in fees - so would be happy to pay £1,800 for that on a lettings book - yet you incentivise a Neg by offering them £30)
Agree or Disagree?
A huge reason your negs aren’t getting new landlords is you incentivise them (bonus / commission) on move ins …
Rewards drive actions
Maybe you should change your bonus scheme?
You are happy enough to pay 150% of the annual letting agent fee when you do an acquisition (eg rent of £1k at 10% management fee means you earn £1,200 per year in fees - so would be happy to pay £1,800 for that on a lettings book - yet you incentivise a Neg by offering them £30)
Agree or Disagree?