Pay As You Go, not through the nose.
Our pricing schedule is simple.
We charge from £25 up to £75 per action, or £25 per hour, depending on what's required
Anything on top is charged at cost.
For example, we will perform a credit check for any prospective tenants for £40.
Or, we will arrange a repair for you for £25, and then charge you for the repair at cost.
Services price list
| Code | Service | Charge |
|---|---|---|
| A1 | Serve notice to your letting agent | £25 |
| A2 | Placement of advert in local press for your property | £25 + cost of ad |
| A3 | Placement of online advert on rightmove, FindaProperty and propertyfinder |
£40 |
| A4 | Erection of a To Let board at property | £40 |
| A5 | Conduct a viewing | £25 per hr |
| A6 | Perform a credit check | £40 |
| A7 | Prepare a tenancy agreement | £40 |
| A8 | Conduct an inventory | £75 |
| A9 | Inspection of property | £50 |
| A10 | Move-out procedure | £75 |
| A11 | Arrangement of a repair | £25 |
| A12 | Issuing of credit control letter | £25 |
| A13 | Serve Notice to Quit | £25 |
| A14 | Serve Section 33 Notice & AT6 Notice | £25 |
| A15 | Preparation of a standing order or arrangement of payment to landlord |
£25 |
| A16 | Miscellaneous | £25 per hr |
Standard letting versus Pay As You Go Letting
Here's a quick comparison of the costs of using a standard agent versus the costs of using Pay As You Go Letting :
For the purpose of this example, let's say you have three properties, each bringing in £550 a month and managed by an agent for 10%.
(You will pay VAT on top of that, but we'll leave this out of the equation for simplicity).
Over the course of a year, with a standard letting agent, you would pay £1,980.
Now consider what you might pay Pay As You Go Letting to manage these properties for you for a year.
We'll base PAYG costs on one tenant moving on during the year, and two of the properties needing minor repairs.
The extras may vary dependent on tradesmen or advertising costs, but the Pay As You Go charge won't.
The table below indicates the breakdown of charges.
| Item | Pay As You Go Charge |
Extras Charged at Cost | Total |
|---|---|---|---|
| Move-out procedure | £75 | - | £75 |
| Advertising for a tenant | £25 | £100 (ad cost) | £125 |
| Conduct 3 viewings | £75 | £5 (fuel) | £80 |
| Prepare tenancy agreement | £40 | - | £40 |
| Prepare standing order | £25 | - | £25 |
| Arrange a full property valet | £25 | £75 (cleaning company) | £100 |
| Conduct one 6-monthly inspection per property |
£150 | £10 (fuel) | £160 |
| Arrange 2 repairs | £50 | £200 (tradesmen & materials) |
£250 |
| TOTAL for YEAR | £855 |
This could mean a saving of £1,125, or 55%, in one year. It pays to Pay As You Go.
2008