If you’re sick and tired of spending your working day in an office with people you don’t like, it could be time to start a new business this summer. Presuming you like the idea of making money from property leases, you have a choice to make.
You could either purchase homes and become a full-time landlord or start an estate agency. For the purpose of this post, we’re going to focus on the latter solution. However, both ideas have the potential to create high profits for anyone with the right approach and level of motivation. Follow our guide, and you could be making a living from property leases in as little as six months. Now, wouldn’t that be nice?
Register Your Agency with the Taxman
It’s vital that you register your new business idea before you start trading. Technically, you have three months in the UK before you are slapped with a fine. However, we think it’s best to get things sorted as quickly as possible. Registering a new company does not take a long time, and you should have completed everything within a couple of hours. Once you’ve completed the online side of things, you will simply have to fill in some paperwork that should arrive within a couple of weeks.
Dornoch Police Station Old and New – Sutherland Scotland by Dave Conner, on Flickr. This work is licensed under a Creative Commons Attribution 2.0 Generic License.
Advertise Your Services Online
While it is still a good idea to pay for some advertising in your local newspapers, it’s best to focus most of your marketing efforts online. That is because everyone uses the internet on a daily basis these days, and you don’t need to break the bank to see positive results. You need to get a website as soon as possible, and you should also open some social media pages. Out of all the sites you might select, Facebook should offer the most benefits for your business. Established brands tend to publish details of all their available properties on the internet as soon as they become available. You should follow suit. It is a technique that works well.
Add the Personal Touch
Whenever a potential client gets in touch with your firm, you should offer them the personal touch. Some modern estate agencies that deal with leasing don’t even arrange viewings these days. They expect clients to pick a home based on location, price, and photographs alone. That is not a good idea for either party. Hamptons local agents and those from other top firms still use the old techniques, and so should you. People are much more likely to sign a lease if you take the time to show them the property and highlight the benefits of living there.
By following all the advice we’ve just relayed, you should be in the best position possible to make a success of your new business idea. Just don’t forget that the housing markets can change at any time, and so you always need to keep profits aside to see you through any slumps. That said, you could make a fortune if you have the right levels of motivation.
