“I used Taylors Letting, Worcester (part of the Countrywide group) ......”
1 Star Review
Oct 08,2014
By:
'Chris'
Oct 08,2014
Services: Lettings (as a Landlord)
Rent PCM: £420
Would you recommend?: No
Postcode: WR2
Lettings (as a Landlord)
Rent PCM: £420
Postcode: WR2
7
people found
this helpful
I used Taylors Letting, Worcester (part of the Countrywide group) for around 18 months to let rooms in my portfolio of 26 HMO rooms.
Their performance on finding tenants is rubbish. Their finders fee is twice what other local agents charge (average £378 inc VAT for my rooms as opposed to £192 inc VAT charged by another local agent). At this premium fee level you would expect them to be really good but nothing could be further from the truth! For example, they delivered just 5 viewers and no lets over the last 2 months where at the same time doing it myself and spending just £80 on advertising I got several dozen viewers and let 10 rooms. There are plenty good potential tenants out there but either they simply don't find them or they direct them to properties where they get higher management fees rather than just a finders fee.
When they do manage to let a room they take the first month's rent and the deposit from the tenant but then take a minimum of 2 weeks (often longer) to pass on the rent. I register the deposits myself, having to fund them from my own pocket but then they used every excuse in the book to delay handing over the deposit. In the most recent episode, they owed me £3,000. It took 3 weeks to get £2,000 of it and the remaining £1,000 is still not paid 38 days later despite constant requests and a formal complaint.
My recommendation : AVOID THEM AT ALL COSTS. They will be VERY poor at renting your property and on the odd occasions when they do actually rent something, they will charge you twice the going rate, charge the tenant more than average and not hand over any money to you for a very long time.
Comment on agent fees
They charge 75% + VAT and provide no discount even on a 26 room portfolio. This works out an average of ‚£378 inc VAT per room on my portfolio. Another reputable local agent charges a fixed fee of ‚£192 inc VAT providing the same service at half the price.
7
people found
this helpful
Was this helpful?
Yes