Featured in Yorkshire Post, Wetherby News, Property Eye and many of the industry online forums…
A recently launched property management and lettings business in York, founded by a local family of property professionals, is already managing more than £35 million worth of rental property, and has doubled its year one target, in its first six months of trading.
Littlefairs Property Company was founded by Scott Littlefair, along with his father Richard Littlefair and sister, Donna Sanderson. The trio previously owned and ran Letters of Distinction, which they built into one of York’s leading independent sales and letting agents before selling to property services giant Countrywide three and a half years ago. In January, they set themselves a target of managing 90 rental properties within 12 months and just six months later they already have a portfolio of more than 180 homes on their books across North and West Yorkshire, ranging from studio apartments to large family homes.
Managing Director, Scott Littlefair, said: “We are really pleased to be back serving the property market in our home city of York, but also in the surrounding areas of Harrogate, Wetherby, Thirsk, Ripon, Leeds and beyond. With over 45 years’ combined experience, we are well placed to provide landlords with a personal and well informed service to attract high quality tenants and maximise their rental income.
“Our business model has been set up to accommodate a fair fee schedule for landlords. By keeping our costs as low as possible, we offer landlords a very competitive rate of between 4% and 10% of the monthly rent, depending on what level of service package they want, ranging from a tenant find service through to a fully managed service with legal and rent protection.”
Since launching, Littlefairs Property Company has let some properties within days and most within a couple of weeks. Donna added: “Since we sold Letters of Distinction and started Littlefairs Property Company rents have increased around 15% during those three years and tenant demand is the highest we have ever known. The properties we are letting typically rent from £600 per month for a one bedroom unfurnished home through to £2,500 for a five bedroom detached house. We have already received many glowing testimonials from both tenants and landlords, so it’s been a very rewarding six months.”
Richard Littlefair added: “It’s been great to welcome so many clients, both old and new to the business. Landlords have been particularly impressed with our open lines of communication, and the fact we deliver on our promises within an agreed timeline and budget – it’s this high level of customer service that has attracted so many of them to switch to Littlefairs.
“Our initial success means we are now aiming to grow to 400 managed properties by the end of next year and we plan to employ at least two new team members to service this business.”
Littlefairs Property Company is a member of the UK’s foremost professional and regulatory body for lettings agents – Arla Propertymark. Its members operate to professional standards far higher than the law demands and tenants’ money is safeguarded by Propertymark’s Client Money Protection scheme, in designated client accounts which are independently inspected.
For more information about Littlefairs Property Company contact Scott Littlefair on 01904 39 39 89 or visit www.littlefairspropertycompany.co.uk