LETTING AGENT ONLY PAID 0.25 TIMES TURNOVER FOR 75 MANAGED PROPERTIES (86% LESS THAN OPEN MARKET VALUE)
I wanted to share some numbers of one of my clients who has organically grown his lettings portfolio from 150 to 225 managed properties in 24 months. The preceding 2 years before that, he had hardly grown his lettings agency, taking the odd one on but loosing the odd one to accidental landlords selling up. In those two years, he has spent the following … £300 per month in Rightmove Featured Agents Ads £75 per week in content writing (articles written by a ghostwriter …. like this ) £65 per month in graphics work by a graphics designer …. like this £200 per month in printing £10 per month for a domain name and hosting + around 15 minutes a day looking at Rightmove and bit of cut and paste work + around 2.5 hours a week doing a bit of social media work using a step by step guide + around 3 hours a month visiting (on foot) local solicitors, local accountants etc If I am being frank, the Rightmove