F%ur gives agents a fighting chance in the competitive market

There's a new lettings management website that is claiming to give you a leg-up on the competition.

F%ur, or Fourpercent Property, offers a white labelled lettings and residential management service for agents to provide tools including referencing, right to rent checks, tenancy agreements and inventories.

It will also offer call management and maintenance through its parent company Adiuvo.

The service has been launched by Colin Stokes, a former Property Manager for Douglas & Gordon who set up Adiuvo and is an investor in and adviser to digital assistant provider Askporter.

Analysis by F%ur based on a mystery shop of 150 agents from single office to corporate, found that firms are paying between 6% and 14% for property management.

It is instead offering charges of 4%, which it says includes managing the tenancy process, maintenance and inspection and post tenancy issues such as dilapidations or renewals.

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