Established in 2006, offering proven Letting Agency start up solutions since 2009
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The Complete Guide To Starting A Letting Agency In 2017

280 + A4 pages and split into fourteen clear sections

Flexible Learning - Ideal for home study. Letting Vision has created an easy to follow step by step training manual, covering all aspects of property management.

Proven Success – We provide a clear approach on how to set up a letting agency from scratch. Unlike similar opportunities, we have an active trading letting agency, as proven by our presence on well know property portals. E.g Rightmove. We will reveal real tried and tested systems, trade secrets and essential tips for success in the modern day market. We also include all of our letter templates, documents, agreements and legal notices.

Rapid Start Up Marketing Plan - Within the rapid start up marketing plan, we will explain proven networking methods used to find and attract new landlords and properties free of any spend on advertising. Using similar techniques, we will also show you how to find and collect tenant data and make use of the free portals in the beginning stages so that you can give your new letting agency business the kick start it needs in the early stages.

Ongoing Support – All members are kept fully up to date on industry changes. New start-ups will also enjoy unlimited free telephone and email support when required. This allows our clients to be reassured fully on what they are learning.

SECTION ONE - THE LETTING INDUSTRY

  • Post World War – A brief History
  • UK Rental Market Outlook
  • What Does Running A Letting Agency Involve

SECTION TWO – Types of Tenancy

  • What is a tenancy
  • Types Of Tenancy
  • Assured Shorthold Tenancy
  • Assured Tenancies
  • Common Law Tenancies
  • Holiday Let
  • Low/Free Rent
  • High Rent Tenancy
  • Resident Landlord
  • Company Let
  • Business Tenancy

SECTION THREE – BUSINESS PLANNING

  • The Right Name For The Business
  • Trademarks And Registration
  • Choosing Your Accountant
  • Legal Structure
  • Place Of Work
  • Virtual Offices And Call Answering
  • Setting Up The Bank Accounts
  • Equipment And Stationery
  • Local Fee Levels
  • Types Of Service
  • Professional Photography
  • Fee Structures
  • Tenant Fees (Banned in Scotland)
  • Market Research
  • Competition Research
  • Research Sheets
  • Insurance
  • Company Structure
  • Personnel And Job Roles
  • Tradesman And Suppliers
  • Cashflow Forecast

SECTION FOUR – SYSTEMS AND PROCESSES

  • Setting Up Computer Folders
  • Filing Procedures Let Only/Managed
  • Proof Of ID
  • Terms Of Business
  • Filing Landlords
  • Filing Tenants
  • Filing Accounts
  • Filing Properties
  • Filing Suppliers
  • Landlord ID Receipts

SECTION FIVE – MARKETING PLAN

  • Ways To Market
  • Finding Landlords
  • Social Media
  • Networking
  • Google Advertising
  • Proactive Techniques
  • Where To Market Properties
  • Canvassing Landlords
  • Unique Selling Points
  • Telephone Pitch
  • Canvassing The Tenant

SECTION SIX – PROPERTY APPRAISAL

  • Landlord Appointment
  • What You Need To Take
  • Rental Valuation
  • Terms And Viewing Arrangements
  • Storing Keys
  • Furnished Or Unfurnished?
  • Property Summary Report

SECTION SEVEN – SOURCING TENANTS

  • Creating The Advert
  • Advert Template
  • To Let Boards
  • Local Organisations
  • The Tenant Waiting List
  • Accompanied Viewing
  • What To Take To Viewing
  • Tenant Notice Boards

SECTION EIGHT – PRE TENANCY PROCEDURES

  • Application Form
  • Holding Deposit
  • Prepare Pre-Tenancy Check List
  • The Lead Tenant
  • Third Party Interest
  • Guarantors
  • Proof Of ID
  • Obtaining References And Credit Check
  • Process For Failed Applications
  • Holding Deposit Agreement
  • Pre-Tenancy Check List

SECTION NINE – CHECK IN

  • Arranging The Check Int
  • Inventory And Meter Readings
  • Signing The Tenancy Agreement
  • Handing Over The Keys
  • Standing Orders
  • Confirmation Letters Tenant
  • Confirmation Letters Landlord
  • Transferring Utilities
  • Transferring Council Tax

SECTION TEN – MANAGING THE TENANCY

  • The Role Of A Letting Agent
  • Collecting Ongoing Rents
  • Landlord Maintenance Float
  • Interim Inspection Report
  • Instructing Suppliers
  • Paying Suppliers
  • Compliance With Legal And Safety Requirements
  • Rent Increases
  • Housing Benefit
  • Ensuring Good Hygeine, Sanitation And Drainage
  • Managing Water Supply
  • Decoration
  • Outside
  • Condensation And Damp
  • Rent Arrears

SECTION ELEVEN – ENDING A TENANCY

  • The End Of Contract Period
  • Section 21 Notice
  • Accelerated Possession
  • Deregulation Act 2015
  • Section 8 Notice
  • Grounds For Possession
  • Check Out And Appointment
  • Abandonment
  • Unlawful Eviction

SECTION TWELVE – KEY LEGISLATION

  • Consumer Redress Schemes
  • Displaying Landlord And Tenant Fees
  • Energy Performance Certificates
  • Gas Safety
  • Electrical Safety
  • Fire And Furnishings
  • Smoke And Carbon Monoxide Alarms
  • Homes Of Multiple Occupancy (HMO)
  • Non Resident Landlord Scheme (Overseas Landlords)
  • Money Laundering
  • Immigration Act 2014
  • Tenancy Deposit Schemes (Insurance or Custodial)
    • DPS
    • MyDeposits
    • TDS
  • Health And Safety Rating System (HHSRS)
  • Legionnaires Disease
  • Consumer Protection Rights

SECTION THIRTEEN – ACCOUNTS

  • Accounting Process
  • Reconciliation
  • Supplier Credits
  • Accounting Process
  • Landlord Financial Statement
  • Filing Accounts
  • Invoicing
  • Credit Notes

SECTION FOURTEEN – DIRECTORY

  • Useful Trade Contacts And Suppliers

We also include all of our letter templates, documents, agreements and legal notices.