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Profitability the key to success

By: Language: English Series: Letting Update Journal ; 16(1) April 2008, 22-23(2)Publication details: 2008Subject(s): Summary: Discusses the best methods for agents to increase their profits. Describes the three areas for optimisation. These are obtaining more client landlords, making greater value transactions, and increasing the number of term of transactions. Outlines broad strategies for achieving each of these. Suggests ensuring that the properties managed are generating worthwhile profit for the time invested. Also looks at ways to reduce various business costs.

Discusses the best methods for agents to increase their profits. Describes the three areas for optimisation. These are obtaining more client landlords, making greater value transactions, and increasing the number of term of transactions. Outlines broad strategies for achieving each of these. Suggests ensuring that the properties managed are generating worthwhile profit for the time invested. Also looks at ways to reduce various business costs.