Property Hawk the landlord's homepage since 2006
Free Tenancy Agreement FREE tenancy agreement
Free Landlord Software FREE landlord software
Home | Property Manager | Free ASTs | Landlord Forms | Mortgages | Insurance | Inventory | Magazine | Landlords Bible | Directory | Forum | Training | News / Blog |

Wednesday, August 17, 2016

London Council letting agency flops

Haringey Council launched its own letting agency back in October 2015 and it's a flop. 

The council agency, branded Move 51 Degrees North ( catchy ?? )  has let out just 2 rental properties over the course of these ten months!

With the agency start up and running costs totalling £406,618 that is not what anyone could describe as  a 'stellar performance', nor would it be the kind of business to set the crowdfunding platforms all a twitter. 

I've known far bigger letting agency flourish from a stool in a coffee shop, with the outlay costs of a laptop, a mobile phone and a two shot cappuccino. 

Thankfully for us its only tax payers money gone down the pipe- (breaths out an a exasperated sigh)

Sadiq Khan - take note.

No comments: