A landlord’s buy-to-let flats sold for £1.15 million in 4 weeks, and property portfolios are performing at the same level of profitability as when we started in the rental sector 15 years ago: these might sound like numbers from years back, but this is exactly what Landlord Sales Agency is achieving for landlords right now.

In fact, it’s all part of what’s been described as a “loophole” for landlords. In July this year, the Renters’ Rights Bill will come into effect – the Bill, which will see landlords subject to scrutiny, demands for refurbs, limitations on selling, and huge limitations on how much rent they can charge, is set to cause a mass exodus of panic selling. The flood of tenanted properties to the market is expected to cause house prices for sales with tenants in situ to plumet.

This means two things: 1. Landlords who want to tidy up their portfolios and get rid of low performing properties should be thinking about selling now before the price drops for tenanted property, but very interestingly 2. The amounts made from selling this side of the Bill can be reinvested into scooping up the inevitable bargains from the panic sell post July.

It’s precisely this tactic that Landlords are contacting Landlord Sales Agency to implement, and the benefits are huge. It means that landlords can cut the chaff over the next few months and keep hold of their best performing properties, increasing their profits, but it also means that there’s a possibility that if you wanted to, you could reinvest again in properties that are cheap as chips. In short: sell 10 tenanted properties this side of the curve now, and you might be able to buy 15 tenanted properties on the other side. It’s a win-win.

This of course, only works if you’re able to sell your properties now for the best prices possible, and crucially, fast. This is why landlords are flooding to Landlord Sales Agency – a company run by landlords, with an average sale time of less than 28 days.

In fact, we’re experts at selling tenanted properties anywhere in the UK, no matter the tenant situation and regardless of the condition. Our private database of over 30,000 buyers, plus relationships with property buying funds and companies means that we’ve got buyers who have 100% trust in us, are motivated and ready to buy. We also assist sellers selling Off Market. We even sell through local agents to get best price for the right property where that’s the best solution. With landlords keen to shift the “dead weight” before July, we’ve been working faster than ever before, and are versatile to focus on the right solution for each property.

What’s more, buyers get text messages every time we list a property, allowing us to start a bidding war to drive up the value of landlord properties to achieve the best possible prices. Our method gets higher prices and the same 95% completion rates as traditional auctions. For one portfolio landlord, we sold a flat in Warrington with a tenant in situ in under two weeks for £115,000 – other property buying companies or auctions would have achieved £90 - 100K. For another repeat selling client, we sold a terrace property in Stoke for the price he wanted with a tenant in situ who was paying £300pcm below market rent. We were only able to achieve this price because we did what we do best: get sellers and tenants on board with our strategy of having first time buyers view and bid in competition with landlords, driving up the offers we get from landlords buying with tenants in situ. The result is we’re selling faster, for higher prices, and we’re beating the clock before Renters Reform Bill becomes law in July.

So if you’re a landlord who’s interested in taking advantage of this loophole, get in touch today.

It’s time landlords got back on their feet and back to business.

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