We outline 3 ways in which working with Kamma will add value to your letting agency
Our 2019 predictions article outlined the impact some current and expected regulation changes will have on the private rented sector. One of the core recipients of the changes hit hardest will be letting agents.
With that in mind, we are here to help you! We outline below 3 ways in which working with Kamma will add value to your letting agency.
1. Reduce risk
With so many changes pending, a risk reduction is exactly what’s needed to protect your business. Letting a property without the correct licence leaves you and your client jointly exposed to the risk of prosecution and fines. Enforcement is picking up across the country, most especially in London, as councils are increasingly investing in data driven enforcement solutions to expose rogue landlords and agents.
No doubt you’ve seen a huge wave of fines being issued to landlords and agent for licensing and other property related offences. By deploying our platform, you will receive real-time email notifications of any new schemes or consultations affecting your portfolio, thereby eliminating the need to constantly search for changes to licensing. We also cross-reference your portfolio with licence registers to highlight those properties let without the correct licences, allowing you to quickly get compliant.
2. Retention
Currently you may feel you are chasing your tail – trying to manage tenants, licenses, landlord demands, ensuring properties are maintained and that tenants are not at risk. This is a demanding profession – so any tool to help ease the burden and give you some time back is surely worth a demo.
Rather than spending your time trawling through 393 council websites trying to work out what licensing schemes apply to which parts of the borough and which properties you have, you could instead be negotiating deals or winning new instructions. Offering access to our real-time data platform provides your landlords with peace of mind and provides you with a differentiated service. Well worth the discussion with Kamma we think!
3. New revenue stream
With the impending June 1st Tenancy Fee ban, Kamma is helping UK letting agents fill that void by driving a new revenue streams through property licensing. Many of our clients currently leverage Kamma to offer a targeted application service to their landlords… for a fee. With instant determination of the licensing requirement for every property in your portfolio, you can make use of our white-label email feature to automatically offer a complete licence application on behalf of your landlord.
Get in touch with us for a demo today and let’s discuss how we can help you offer value add to your landlords and their properties, whilst driving new revenue streams for your agency.
