Frequently Asked Questions

As setting up a letting agency or setting up an estate agency is likely to be a completely new business area for you, we realise that there may be several questions in your mind.  For that reason we have listed below the questions we are most frequently asked by those who wish to become a letting or estate agent, together with our answers.

If you have any others, or require elaboration on any particular aspect, please do not hesitate to contact us by telephone or email.

How can Southcourt help me Start a Letting or Estate Agency?

The same way we have helped hundreds of other successful letting and estate agents! Our business plan, or business model if you like, is based on methods learned in setting up and running our own London based agency, together with our 50 years of combined experience in the property industry. Our comprehensive step-by-step Letting and Estate Agency Training & Operating Manual is divided into 14 clearly laid out sections, and takes you in detail, in practical and operational terms, through the full Agency procedures, from when the telephone first rings to when a tenancy ends. We explain our tried and tested systems, reveal trade secrets and our essential Top Tips, and describe the most effective and successful practices and techniques in use in the business today.

We provide a winning combination of practical, marketing, legal and back-office know-how and guidance, backed with our support, designed to enable you to quickly establish and run your own successful Letting Agency Business or Estate Agency Business. Completely up to date and using the latest technology and innovative marketing methods we explain how to quickly establish a new letting agency business or estate agency business whilst spending very little on advertising.

In addition to our comprehensive manual we also provide all necessary forms, legal documents, standard letters, powerful software, a professional property website, ongoing support and an update service.

As long-term members of The Property Ombudsman Scheme (TPO) we are committed to property industry good working practice, and thanks to our 50 years combined experience in the industry, the last 18 of which have also included the provision of agent training, you can be confident that you are in safe hands, and have by far the best chance of success by investing in the Southcourt Complete Letting and Estate Agency Business Package.

Can I Start a Letting Agency From Home?

Yes, you can enjoy all the benefits of working from home including minimal overheads, flexibility and convenience. Many people run a home based letting agency or home based estate agency these days. Your website will be your shop window, and we provide a choice of professional and modern websites which will give you the right image from the word go. You meet landlords and tenants, vendors and purchasers at the properties concerned, so you’ll never need to invite callers to your home. Documents can be delivered personally or by mail, and you can use services such as “Signable” for electronic signatures. You could if you wish start an online letting agency or online estate agency and cover a wider area.

How long will it take me to get started?

You’ll need to read the first few chapters of the training/operating manual and documents, and carry out some local research and other preparations. Then, when you are ready, you can launch your new Agency business with our ‘Boost-Start Action Plan’. You can be up and running in about a week if you wish. If you decide to use social media for your letting agency or estate agency, you will be able to get started and accelerate your growth, as the power of social media in generating new leads and valuations is unprecedented.

Do I need special software to run an agency?

Specialised software simplifies the admin tasks and frees up more time for other tasks, but it’s not strictly required. If you neglect to use it from the start, it doesn’t matter hugely, but you may be missing out on its many benefits. With the Southcourt Complete Agency Business Package your Agency business can be computerised and systematised from the word go, because we include a variety of different software choices.

Are there any limits on telephone or email support?

Our telephone and email support for new start-up agents is free and unlimited. Simply contact us with anything you don’t understand or get stuck on. This is an invaluable part of our business package, and means that you have full access to professional advice and guidance whilst studying, setting up and in the early days of running your business. Although you will be independent, you will not be alone!

How does a letting or estate agency collect his/her fees?

In the letting agency industry all fees are deducted at source, and you’re paid immediately – there’s no need to send an invoice and wait for payment. Tenants pay their fees before they move in, and you deduct landlords’ fees and commissions from rental before you pass it on to them – we show you how. Therefore bad debts or cash-flow problems simply do not occur.

There are several agents already in my area - is that a problem?

Quite the contrary.  Existing businesses are a healthy sign, and indicate an active market.  This is an expanding business, so there’s always room for a well-informed newcomer. We show you how to ‘tap into’ the existing market, and exploit advantages which you will have over other agencies. Remember that you need only a very small percentage of local trade to produce excellent results for yourself, and if you’re working from home you’ll have an immediate advantage over traditional agents.

What about start up costs?

We developed the cost-effective Southcourt Complete Agency Business Package in order to provide a much-needed alternative to the high letting agency start up costs associated with a franchise. Once you have your Southcourt Business Package and property website, assuming you are working from home or an existing office, you should be up and earning without spending much more at all. In our manual we explain several very effective methods of locating and signing up local landlords and vendors without spending a penny on advertising, and finding tenants and buyers is even easier. Our most effective methods are virtually cost-free. We also include promotional material. You will of course need a couple of essentials such as a computer and printer, a telephone, a digital camera, a clipboard, and a pack of white office paper.

What about other income potential?

Your influential position as a letting agent, property manager or estate agent will enable you to enjoy several lucrative offspins which we explain, including how to receive consultancy payments from other agents, contractors and financial advisors legally and without effort – this knowledge alone is worth £1000’s. You will also be in a uniquely advantageous position if you wish to ‘buy-to-let’ – you’ll often hear of investment property available at below market prices, and of course you’ll be in an ideal position to ‘skim off’ the best tenants. If you choose, you will find it easy to diversify into other property related services e.g. inventories, financial services, commercial lettings, business transfer etc.

Why do you offer a low cost Business Package rather than an estate agent franchise?

Many people are interested in starting an estate business or starting a letting agency business, but are either unwilling or unable to commit to the high cost and ongoing commitments and tie-ins of an estate agency franchise or letting agency franchise. There are others who simply wish to add a letting agency business or estate agency business to an existing concern, for whom a franchise would not be suitable. Our Complete Agency Business Package is also ideal for the independent minded property investor or do-it-yourself (diy) landlord. It is for the benefit of all of these enterprising individuals that we have chosen to offer an affordable and highly effective alternative to a letting agency franchise or an estate agency franchise.

Will I find the information clear and easy to follow?

If you find these pages clear, you’ll have no problem with our Complete Business Package. Although very comprehensive (the contents list of the main manual extends to 8 pages), everything is clearly laid out, with cross-referencing throughout. We concentrate on practical issues, explaining exactly what to do, and how and when to do it, and have kept theory and law to the minimum we consider necessary. You’ll find the Section headings and some of the topics covered on our Lettings and Estate Agency Manual page.

You’re In Control
As you can see, as a Letting and Managing Agent and Estate Agent you can enjoy a superb income from the vibrant property rental and sales market without the financial burden of buying and maintaining the properties yourself.  Just 8 properties under your management will produce more than owning one mortgage-free buy-to-let property – and you will not lose a penny if property prices fall.   And just 4 property sales per month will result in an income far exceeding £100k per year.

You’re in complete control, so you decide how much you wish to earn, part-time or full-time

Some benefits of setting up a letting or estate agency wth Southcourt Property

- Excellent earning potential in excess of £100K pa
- Massive, booming industry
- No previous business experience or qualifications required
- Operate full or part-time from home or office
- Make use of our Professional Support service
- Rapid start up and immediate cashflow
- Reliable payment - collect your fees from rental or sales income
- Be your own boss and keep 100% of your profits
- Operate as a one person business or with staff
- A professional service with a respectable image
- A valuable asset to sell if desired

Look No Further. Get Started Today.

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