Posted 10 days ago

Landlord-Agent Case Studies on Property Mismanagement - UK

If even estate agents can't see where their own duties begin, what chance does the average landlord have? I saw this post from an estate agent yesterday (unsurprisingly blaming the Chancellor ๐Ÿ˜‚)...only to retreat later. On the contrary, this so-called non-story actually exposes where the real fault lies: ๐˜๐—ต๐—ฒ ๐—ฒ๐˜€๐˜๐—ฎ๐˜๐—ฒ and ๐—บ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ฎ๐—ด๐—ฒ๐—ป๐˜. Working with landlords regularly, Iโ€™m seeing the same pattern repeatedly: agents taking monthly fees while doing next to nothing. ๐Ÿ‘‰ ๐—™๐—ฎ๐—ถ๐—น๐—ถ๐—ป๐—ด ๐˜๐—ผ ๐—ธ๐—ฒ๐—ฒ๐—ฝ ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐—ถ๐—ฒ๐˜€ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—น๐—ถ๐—ฎ๐—ป๐˜ ๐˜„๐—ถ๐˜๐—ต ๐—ฟ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐Ÿ‘‰ ๐—œ๐—ด๐—ป๐—ผ๐—ฟ๐—ถ๐—ป๐—ด ๐˜๐—ฒ๐—ป๐—ฎ๐—ป๐˜ ๐—ฐ๐—ผ๐—ป๐—ฐ๐—ฒ๐—ฟ๐—ป๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜€๐—ฎ๐—ณ๐—ฒ๐˜๐˜† ๐—ถ๐˜€๐˜€๐˜‚๐—ฒ๐˜€ ๐Ÿ‘‰ ๐——๐—ผ๐˜‚๐—ฏ๐—น๐—ฒ-๐—ฐ๐—ต๐—ฎ๐—ฟ๐—ด๐—ถ๐—ป๐—ด ๐—ฏ๐—ผ๐˜๐—ต ๐—น๐—ฎ๐—ป๐—ฑ๐—น๐—ผ๐—ฟ๐—ฑ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜๐—ฒ๐—ป๐—ฎ๐—ป๐˜๐˜€ And when things go wrong? The landlord gets fined, not the agent who caused it. This story about the Chancellorโ€™s property should spark a bigger question: How many agents are getting away with this daily? ย  ๐— ๐˜† ๐—ณ๐—ถ๐˜… (๐—ฏ๐—ผ๐—ฟ๐—ฟ๐—ผ๐˜„๐—ฒ๐—ฑ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—™๐—–๐—”-๐˜€๐˜๐˜†๐—น๐—ฒ ๐—–๐—ผ๐—ป๐˜€๐˜‚๐—บ๐—ฒ๐—ฟ ๐——๐˜‚๐˜๐˜†): 1๏ธโƒฃ ๐— ๐—ฎ๐—ป๐—ฑ๐—ฎ๐˜๐—ผ๐—ฟ๐˜† ๐—ฟ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ณ๐—ผ๐—ฟ ๐—ฎ๐—น๐—น ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐—ฎ๐—ด๐—ฒ๐—ป๐˜๐˜€:ย minimum qualifications + annual ethics assessment. 2๏ธโƒฃ ๐——๐˜‚๐˜๐˜† ๐˜๐—ผ ๐—ช๐—ฎ๐—ฟ๐—ป & ๐—˜๐˜ƒ๐—ถ๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ:ย written licensing checks before marketing, and quarterly thereafter. 3๏ธโƒฃ ๐—ก๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฟ๐—ฒ๐—ด๐—ถ๐˜€๐˜๐—ฒ๐—ฟ/๐—”๐—ฃ๐—œ: so landlords & tenants can verify compliance instantly. 4๏ธโƒฃ ๐—™๐—ถ๐—ป๐—ฒ๐˜€ ๐—ผ๐—ป ๐—ณ๐—ถ๐—ฟ๐—บ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฑ๐—ถ๐—ฟ๐—ฒ๐—ฐ๐˜๐—ผ๐—ฟ๐˜€, not just landlords. I have personal examples of the above happening in Manchester, Liverpool, and London. ๐Ÿ  ๐™‡๐™–๐™ฃ๐™™๐™ก๐™ค๐™ง๐™™๐™จ: ๐™ฌ๐™๐™š๐™ฃ ๐™™๐™ž๐™™ ๐™ฎ๐™ค๐™ช๐™ง ๐™–๐™œ๐™š๐™ฃ๐™ฉ ๐™ก๐™–๐™จ๐™ฉ ๐™จ๐™š๐™ฃ๐™™ ๐™ฎ๐™ค๐™ช ๐™– ๐™ฌ๐™ง๐™ž๐™ฉ๐™ฉ๐™š๐™ฃ ๐™ก๐™ž๐™˜๐™š๐™ฃ๐™จ๐™ž๐™ฃ๐™œ ๐™˜๐™๐™š๐™˜๐™  ๐™ค๐™ง ๐™˜๐™ค๐™ข๐™ฅ๐™ก๐™ž๐™–๐™ฃ๐™˜๐™š ๐™ฅ๐™ก๐™–๐™ฃ? ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘ ๐™๐™š๐™ฃ๐™–๐™ฃ๐™ฉ๐™จ: ๐™ฌ๐™ค๐™ช๐™ก๐™™ ๐™ฎ๐™ค๐™ช ๐™›๐™š๐™š๐™ก ๐™จ๐™–๐™›๐™š๐™ง ๐™ž๐™› ๐™–๐™œ๐™š๐™ฃ๐™ฉ๐™จ ๐™๐™–๐™™ ๐™ฉ๐™ค ๐™ฅ๐™–๐™จ๐™จ ๐™š๐™ฉ๐™๐™ž๐™˜๐™จ ๐™–๐™ฃ๐™ฃ๐™ช๐™–๐™ก๐™ก๐™ฎ? If youโ€™ve been overcharged or ignored by a management agent, comment or DM me becauseย ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป ๐—ฑ๐—ฟ๐—ถ๐˜ƒ๐—ฒ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ. Iโ€™m gathering examples via #Mediarequest Let's stop blaming Reeves (and landlords) for this one. This is not a landlord issue. This is an ๐—ฎ๐—ด๐—ฒ๐—ป๐˜ ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฐ๐—ฟ๐—ถ๐˜€๐—ถ๐˜€. We all deserve better when people are trusted with such valuable assets. #HMOs #Landlords #PropertyManagement
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