Having been a letting agent since 1990, a franchisor, a speaker, author and coach in this industry for many years, I have seen many changes, a few recessions and a lot of competitors come and go, but nothing prepared me for the shock of the TENANT FEE BAN
It was the day before the general announcement, when I received a call from the BBC asking me for comment on an embargoed piece of news that was going to be released the following day, and would I be available for comment, of course I said, I always enjoy a good conversation with a journalist at 6 am in the morning... what's it about?
Phillip Hammond is banning Tenant Fees...
My stomach flipped, and you probably could have knocked me down with a feather... NO WAY!
Like you I'm guessing, having been a letting agent since 1990, I have seen many changes, a few recessions and a lot of competitors come and go, but nothing prepared me for the shock of the tenant fee ban
In my ONE branch alone, I stood to lose over £9,000 per month!
PLUS I was just about to take over at the helm of ARLA propertymark, and would soon be the face of an industry in chaos as a result of this decision to ban these fees, that many rightly or wrongly heavily relied on.
The following day I did my interview at 6 am and the news out that Tenant Fees WOULD be banned and we soon realised that most agents would stand to lose around 25% of their revenue instantly... something needed to happen and FAST
After a few days, I was surprised that there was no one really talking about the plight of the letting agent, it seems like radio silence... SOMEONE HAS TO DO SOMETHING, it thought
I decided that someone was me... I was perfectly placed to talk to agents, share ideas, look for ways to solve this MASSIVE problem that could lead to thousands going out of business
I have a HUGE reach on social media, the professional connections and have been running a franchise for 7 years, I knew how to bring people together, run forums, events and training etc
Agent Rainmaker was born, and it began with THIS workshop... initially, we were just talking and asking people their thoughts, but later we started to coach all that we had learnt, and the results since have blown me away...
what I realised was, that if you believe in someone, give them the tools, show them the way then magic can certainly happen... and it does, time and time again
I hope you can join me on this amazing day, where I share ALL that I have learned speaking to literally thousands and thousands of agents across the UK, to help you
I have one goal... I love my industry, I love my people, I think agents are the most misunderstood community out there, killing themselves to look after their customers and tenants, and yet very rarely being recognised... that has to change
My mission is to change 1000 letting agents lives for the better and make this industry a place where people WANT to live and work and ENJOY again...