The letting fees ban has brought even more pressure on agents across the country, now help is at hand to take some of he strain. A white label outsourced lettings and residential property management service has launched today that charges just four per cent, which, it claims, undercuts all other players in this market.
F%ur has been launched by Adiuvo, the largest specialist out of hours management in the property industry, servicing multinational agencies like Savills and Knight Frank for the past 12 years, looking after more than half a million properties out of hours, providing 24/7 call handling triage.
In a very smart packaging process, F%ur adds cutting edge technology provided by Askporter – an Artificial Intelligence powered property management platform – to specialist call handling and maintenance from its parent company Adiuvo and expert back office letting processes provided by Rushbrook & Rathbone.
By combining these elements, F%ur offers letting agents and portfolio managers a fully outsourced solution for all the time-consuming parts of the property cycle – including all pre-tenancy administration including referencing, the agreement and right to rent checks; all tenancy, maintenance and management including a yearly inspection; rent collection, accounts and arrears management and complete post-tenancy including deposit issues or renewals – at a cost of four per cent of the monthly rent.
Colin Stokes, Managing Director of F%ur, says: “Further to our investment in askporter in 2018 we saw the possibility of combining the askporter platform with our own our expertise in the industry to offer a service to letting agents and property managers at a hugely competitive rate.
“The addition of our partnership with Rushbrook & Rathbone, experts in back office lettings, means we are able to provide clients with a complete service that provides the best of tradition and innovation.
“Agents’ margins have been squeezed tight with the tenant fee ban; a solution like F%ur which agents can fully white label, will help them offer great value to their clients and make a return for themselves too.”