Case study: Landlord saves €1,318 (or 71%) in agent fees

In this short blog post I will talk about a landlord who used The Good Agent to let his property and saved over €1,300 doing so.

The landlord had spoken with a couple of agents and they told him that the rent that he was previously getting (€2,000 per month) was way too high and was advised to lower it to €1,450 per month. This seemed a bit ridiculous to the landlord as the previous tenants, the ones paying €2,000 per month, had just moved out.

The Good Agent was instructed to let the property using its flexible and fixed fee service. The first question we asked was “Which services do you want?” After a bit of chat with the landlord about the requirements, he settled on the following:

  • Beautiful photographs
  • Great floorplans
  • Adverts on The Good Agent, Daft, and MyHome
  • Viewings
  • Registration with the PRTB
  • Reference checks on the tenants
  • Customised lease
  • Building Energy Rating certificate

The property was rented on a 12 month lease for €1,850 per month… slightly higher than the €1,450 quoted by the other agent.

As our customers only pay for the services they use, The Good Agent’s fee came to a total of €781 including VAT compared to the one month’s rent plus VAT that most agents take. Also, €249 of this was for the BER cert and PRTB registration which most agents would charge on top of their fee. And we won’t even mention the loss of income from underestimating the rent potential.

The Good Agent’s fee: €532 (€781 less the BER cert and PRTB registration)
Traditional agent’s fee: €1,850
Saving: €1,318 or a massive 71%

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About The Good Agent

I am a co-founder of The Good Agent, the smart new way to sell of let your property. I, along with my partners, hope to change the estate agent industry for good. This blog aims to touch on issues in property (sales and lettings), start-ups, the online revolution, and other pertinent topics.
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