2014

UK Rental Market Forecast

   

 

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WHAT IS CHANGING? A tectonic shift in the UK residential property landscape has been developing momentum since the peak of the financial crisis in 2008. There is now clear evidence from the Office for National Statistics to support a projected tenure shift away from freehold property ownership and into leasehold residency in both the Private Rental Sector (PRS) and Social Housing Sector (PRS). The combination of sustained low availability of freehold mortgage finance, high deposit requirements and an increasing delta between the rate of increase of cost of living expenditure and wage inflation has led to a tipping point of mass rental increases. Are you ready for the change in both demand and speed expectations?

WHY DOES THIS IMPACT ME? If you are a letting agent or professional landlord then the landscape against which you operate is changing, rapidly. There is both statistical evidence for a significant increase in the volume of the PRS marketplace, and ever increasing consumer expectations of speed and efficiency; all overlaid against the Government’s ongoing consideration of further regulation. As at all inflection points in business, there is significant opportunity for those who are ahead of

the trend. Human resources are a very expensive expenditure, particularly when they are non-fee earning. The companies who will advance and leverage the changing marketplace are those who have the systems and procedures in place to do more with the existing staff that they have. These companies can deliver a fiscal performance of a organisation with 20% more properties than they have. The winners will work smarter, not harder.

 

 

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HOW DO I LEVERAGE THIS CHANGE? Time is short, statistics are lag indicators that are showing a trend that has already started. If you wait until your team reaches capacity you will be losing opportunity by the day, and forced to make rapid recruitment decisions that may be ultimately costly.

OnBoard Pro is being used by leading agents and landlords as the catalyst for their success in this period of opportunity growth.

Hard selling is not required. The business case is simple:

Do more with the staff you have Increase margin through process

efficiency Increase tenant and managed

landlord satisfaction Satisfy the quality aspirations of

Government, ARLA and RICS

Our customers don’t use OnBoard Pro because they think it is “on-trend” or technologically advanced. They use it because it drives profit margin and customer satisfaction into their business at a time of high opportunity and low reputation for the industry.

Our letting agents have asked themselves the following questions, and concluded that OnBoard Pro is a critical business partnership that pays for itself:

Is our referencing robust enough, are we just relying on credit score?

Are we ready for right-to-rent legislation?

Would our inventories hold up in court?

Could we cope with a 50% increase in demand?

Are our processes impressive to clients and efficient?

WHO ARE WE? OnBoard Pro are a revolutionary provider of integrated pre-tenancy administration services. One place for comprehensive tenant scoring, screening and referencing, AST generation and digital signage, inventory creation and management, meter reading collection and automatic submission; and more.

Why do we do this? Because we’re passionate about empowering agents to improve the industry whilst being justly rewarded with increased business margins.

Call us on 08452 26 26 06 or visitwww.onboardpro.co.uk today

to join the agents who are readyto benefit from UK tenure shift.