Some 27 per cent of landlords consider an online letting agency to be a more attractive option for managing property than a traditional agency - with 31 per cent of landlords considering going online to save money.
A survey by property consultancy Allsop concludes: "It would not surprise us if the preference for online lettings grows in the coming years. A hybrid model of providing expert advice by technological advances, allows for innovative management and letting solutions."
The survey, conducted for Allsop by BDRC, also finds that 59 per cent of landlords believe recent government tax changes for the private rental sector will damage their profitability, while 41 per cent are considering incorporation.
Some 40 per cent of landlords anticipate rental growth over the next six months, in some cases to help the landlords themselves with their falling profits.
Another 37 per cent have reported increased demand from tenants in the past six months - up from just four per cent in the previous half-year period.
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"Over a quarter of landlords consider using online letting agents to save money"
And we see the results every week on TV in Nightmare Tenants
When will landlords realise that you cannot save money by using cheap alternatives to good local knowledge and more importantly good industry knowledge.
Over 99% of Landlords would consider using a cheaper offering if they got the same servce they do now. 100% of tenants would stay where they are if their rent went down every year. Most Landlords would keep their current agent if they got their repairs for free. These and other earth shattering insights from our amazing 'forgone conclusion poll'- order your report online now.
I do think some of these articles are being written more to raise awareness of the company carrying out the research rather than the quality of the research.
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