Letting Agent - Management Fee Increase

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R
RentWarrior
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I have been with my letting agent a few years and I have been notified that they are increasing their management fee from 10% (plus VAT) of the monthly rent to 12% (plus VAT) - I pay them for full management service even though I am a very hands on landlord and deal with most issues myself (there are reasons why I have to have the property formally managed which I will not go into) - I wondered whether people thought 12% was a reasonable price and what other landlords paid for fully managed service?

When I first starting renting out all the agents in the area charged 10%.

Fully managing the property myself is not an option - and to be honest, it has been good having a buffer between the tenant and I when we have experienced minor issues.

Thoughts greatly appreciated.
11/09/2015 06:39

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