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The Jewish Chronicle

Landlords should not rely on letting agents

This music lawyer, 44, takes on letting agents with his property company

June 17, 2013 09:11
Changing property: Jonathan Monjack

By

Anonymous,

Anonymous

1 min read

The property market needed a unique business offering landlords an alternative to doing it themselves or using letting agents — they both have drawbacks.

I owned one property and had a very easy tenant for four years. One day, I received a renewal fee from the agent and just thought, ‘why am I paying him eight per cent plus VAT?’.

I decided to set up The Happy Tenant Company for people like me because agents offer limited options.

It can depend on whether the agent is a big chain or a high-street shop, but they are often overwhelmed with work, understaffed and contract out their responsibilities to make a marginal profit.

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