Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Landlord Sales Agency Promises Fast Portfolio Exits When the Open Market Stalls
Writing on Property118, David Coughlin of Landlord Sales Agency highlights the difficulties landlords face when rental properties sit on the market for months without a sale. The article points to common obstacles: viewings that fail to produce serious offers, difficulty arranging access with tenants, and buyers who are not interested in purchasing a tenanted buy-to-let.
A different route to sale
The company, described as founded by landlords for landlords, offers portfolio exit services for both tenanted and empty properties. It claims to deliver a fast, secured sale in 28 days or less, at 85% to 90% of the vacant possession value.
Case study: 23 properties sold in five days
The article cites the example of Shauna, a landlord with 30 years in property who took eight years to sell 14 properties on the open market. When she later decided to sell a further 23 properties quickly, she contacted Landlord Sales Agency. According to the report, all 23 were sold at the agreed price just five days after listing, with a buyer coming forward for the entire portfolio.
Shauna praised the team's communication, saying she received regular updates and that the sale went through smoothly without her having to do any work. She added that she would contact the agency first when selling her remaining 10 properties.
What this means for agents and clerks
The agency notes that landlords do not need a large portfolio to use its services: it handles everything from a single buy-to-let that has been sitting on the market to a full portfolio exit, with or without tenants in place. For letting agents and inventory clerks, the message is that landlords struggling to sell may explore alternative disposal routes rather than waiting indefinitely on the open market.
Source: Property118