David Coughlin, CEO of National Residential tells us why a landlord from Wandsworth is celebrating after we sold his entire portfolio of 5 tenanted properties in less than a month, releasing over £500,000 in cash with zero hassle, worry or stress while we sorted out any problems on his behalf.

It’s just one example of why we pride ourselves with our “any problem we can fix” formula, led by myself, founder and industry expert, David Coughlin.  

If you’re looking to sell your buy-to-lets, were the team to do it. We use a modern auction strategy with unrivaled managment throughout the whole process – from listing to money in the bank –  which combines great sales prices with the speed of auctions.

We sell properties as individual lots for the best price or together as a portfolio for convenience. We also work with sellers to find the best mix to get the best price possible in the fastest time.

Together with our bespoke problem-solving, it’s what makes our modern auction unbeatable compared to any other company.

No matter what the obstacle, our team’s expert knowledge and experience has allowed us to find that sweet spot for both the landlord and the tenants.

 

How we sold a landlord’s entire portfolio in 26 days 

The landlord approached us with a portfolio of 5 tenanted properties that spanned from Staffordshire all the way up to Newcastle Upon Tyne. He wanted to see if we really could deliver what we say, especially because selling tenanted properties is often a challenge. Like many landlords who have been approaching us recently, he wanted to sell up his portfolio fast, but also for the best possible price.

We promised him exactly that. The highest price for his buy-to-lets, no matter what hurdles needed to be overcome.

1. Rather than just targeting other landlords who are happy to buy with tenants in situ, and because we have a 100% success rate at negotiating with tenants to leave when required, we were able to market the properties to both landlords and to chain free buyers to drive up the price through our 28-day competition.

2. From the very begining, we talk to tenants to understand their problems and circumstance that might prevent them leaving if required. We offer advice and support  to keep the tenants on board throughout the process. Because it is in their best interest to work with us rather than against us, we normally win their cooperation and this was no exception. Initially, they were apprehensive of allowing strangers access to their home to take photographs or do viewings but by listening to their concerns we were able to overcome them. We paid them to help us with getting photos and video tours and arranged group viewings for minimum disruption.

The first property sold in 2 days. 10 days after that 2 more sold.

3.  The first 3 of the 5 tenanted properties were sold to other landlords who were happy to buy with the tenants in place due to the information we collected from the landlord about their tenant history and rent payment records.

By day 24 the fourth property had sold in Durham, and by day 26 the last and final property was sold in Lancashire.

4. The fifth property was sold to a buyer who was so happy with the photos and the video tour the tenant had provided that he made an offer without even viewing the property.

3. We sold these properties to buyers who wanted vacant possession which we arranged by helping the tenants overcome the problems they faced moving out.

All costs incurred to recruit and help the tenants were paid by us from our our agency fee at no extra cost to the seller. By going the extra mile to keep tenants onside throughout and to get the very best price for the landlord we achieve win-win-win solutions for us, our sellers, and their tenants.

It’s something we do time and time again for landlord sellers all over the country and all landlords have to do throughout the sale is contact us – we handle everything else.

“All the staff have been amazing. The head of sales and David have been brilliant, I’m really pleased with the sales and the prices. I’d recommend them to everyone. They’re fantastic.”

– Landlord, Wandsworth

So if you’re a Landlord who wants to sell their property portfolio, get in touch and see for yourself what we can do for you. Phone us now on 0800 6123694 or 01244 341066  any time 24/7 or use our callback form and we will phone you back to discuss your needs and our solutions.

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