Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.

Letting Agents Urged to Rebuild After Renters Rights Act Impact

Letting agents are being advised to refocus and rebuild their businesses following significant property stock losses attributed to the Renters Rights Act (RRA). The sector has seen managed stock levels fall sharply, according to an opinion piece by Sally Lawson of Agent Rainmaker published in Letting Agent Today.

Lawson states that agents are working hard to survive the changes brought by the RRA, but warns that simply waiting for conditions to improve is not a viable strategy. She notes that agents who have managed to recover have done so by actively rebuilding, rather than waiting for the market to change.

The article describes the RRA as a “seismic reset” for the lettings sector, requiring agents to rebuild their businesses deliberately. Lawson suggests that this rebuilding should be based on three specific, commercially focused pillars, though only the first—acquisitions—is mentioned in the published excerpt.

The opinion piece highlights the importance for letting agents to adapt proactively in response to the challenges posed by the RRA, particularly in light of widespread reports of falling managed stock across the sector.