The Impact Of The Renters Rights Bill: What It Means For Your Letting Agency

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The Rainmaker Podcast

Agent Rainmaker

85 episodes

2 days ago

The Rainmaker Podcast, hosted by Sally Lawson, is designed to help you grow your letting agency. With over 30 years of experience, Sally shares strategies to increase revenue, increase profit, and create automated lead generation for letting agents. As a letting agency business coach with Agent Rainmaker, Sally has helped agents add over £78,000,000 in revenue through her lettings agency training since 2016. This podcast features coaching sessions and interviews with top successes, movers & shakers of the industry to help letting agents achieve a 30% profitability model and beyond.

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The Impact Of The Renters Rights Bill: What It Means For Your Letting Agency

The Rainmaker Podcast

43 minutes 55 seconds

11 months ago

The Impact Of The Renters Rights Bill: What It Means For Your Letting Agency

In this episode of the Rainmaker Podcast, Sally Lawson is joined by industry experts; Sophie Lang Director/owner of Lang Llewellyn & Co and Dawn Bennett, Operations and Compliance Manager here at Agent Rainmaker.

Listen along as they discuss the complex implications of the Renters Rights Bill for letting agents. Discover practical advice, industry insights and actionable steps looking to stay ahead of the Renters Rights Bill.

Key Moments

00:00 - Introduction.

03:19 - Sophie and Dawn discuss whether the legislation balances the needs of landlords and tenants, offering their perspectives on potential challenges.

06:22 - Dawn shares the key impacts around the Renters Rights Bill.

09:02 - Sophie shares what landlords are most fearful of.

10:55 - 2 ways to regain possession of a property.

13:01 - Dawn shares the concerns with evictions and court times.

13:34 - Sophie shares the realisation of limitations of the legislation.

14:42 - Dawn shares the challenges with the headlines compared to the practicalities.

15:33 - Sophie discusses the challenges for tenants and landlord in arrears.

16:20 - Dawn shares the timescales of section 8.

17:33 - Will there be a fixed term tenancy?

17:16 - Sophie discusses the removal of the fixed term tenancy and implications for landlords.

19:18 - How do letting agents prepare for this legislation?

24:59 - Dawn shares the challenges with Section 13 processes.

28:30 - Sophie discusses the value of training staff.

30:51 - How can letting agents educate landlords?

31:39 - Dawn shares offering resources like webinars can help landlords stay informed.

35:03 - Legislation requirements and risks; necessity of landlord registration on the database, potential fines, prosecutions and stricter regulations.

38:03 - Dawn discusses the lack of enforcement that leaves landlords vulnerable.

41:24 - Sophie shares advice on evaluating processes and fees.

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