Comparable to sticking their head in the sand, many landlord’s have given up hope of renting out their property and decided to sell to the highest bidder, but according to the experts at Accord Lets, the current market is not ripe enough for those seeking to make a profit and are advising investors to stick by their rentals.

Carl Mimmack from the firm who offer not just Birmingham apartments to let but property to rent in Leamington and Warwick property to let, said, “The only buyers out there at present are the investment vultures, who are looking to buy properties in bulk and sell them on when the property market begins to stabilize. This leaves the unexpecting landlord with a backlog of debts to pay and no return on their investment.”

A large saving can come from swapping your agent for one who offers the most cost effective service. We are all shopping around during the credit crunch to get the best deal on everything from groceries to holidays, so why should your letting agent be any different?

Although it can be a hard fact of the economic crisis, many landlords are failing to find suitable tenants because their rents are too high, which can result in properties left empty for months at a time. It is important to bear in mind that rental property has no ‘fixed value’ and it is only worth what a tenant will be willing to pay, after all it is better to earn something on the property than earn absolutely nothing, and if Gordon Browns forecast is anything to go by, the recession should have subsided by 2011.

Mr Mimmack , whose letting agents offer a wide range of rentals to suit all budgets from Birmingham apartments to larger property to rent in Birmingham , added , “It can be hard for landlords at the present time, but if they have a reputable agent, they will find a suitable tenant in the end, it may just be a case of lowering the rent. There are some great tenants out there who are looking for rental properties, it is just having the right knowledge to attract them that is key to success, and this is where a good letting agent comes in.”

For more information on surviving the credit crunch, visit the Accord Lets website at www.accordproperty.co.uk

About Accord

Accord was formed in 1990 with the aim of providing a professional, approachable, honest and caring service.

They are a premium-letting agent with property to let in Leamington , Birmingham and Warwick.

They believe that they have been able to hold on to these principles and that is the reason why so many of their clients have continued to use them. Their clients include a mix of prospective tenants and property owners, and they are proud that their clients still recommended them to others.

Currently the company has two offices: one in Birmingham city centre and the other in Leamington Spa.

As a company they are committed to building long-term relationships as they have found that property letting is not just about property and systems but, most importantly, about people.