Comparing Traditional Letting Agents to NUVO—A Transparent Cost Breakdown

Choosing the right letting agent can make or break your bottom line as a landlord. Traditional agencies often promote seemingly competitive rates but then burden you with hidden fees and long contract tie-ins. At NUVO Lettings, we believe in total transparency. In this blog, we’ll compare the common costs you might face with a traditional agent versus our straightforward pricing model, so you can see how much you could save.

1. Typical Traditional Agent Fees

• Initial Setup or Administration Fees

Many agencies charge a setup fee whenever they take on a new property. This can cover everything from marketing materials to paperwork, even though these tasks are generally part of standard management.

• Maintenance Markups

Some agencies add a percentage on top of every contractor bill. Over time, these markups can seriously reduce your profits, especially if the property requires frequent repairs.

• Renewal Charges

Traditional agents may impose fees every time a tenant extends their lease or a new contract is signed, even if the change requires minimal extra work.

• Exit or Leaving Fees

If you decide to switch agents or self-manage, you could face a hefty penalty, making it difficult to leave when you want.

2. NUVO Lettings’ Transparent Structure

• No Hidden Maintenance Fees

We pass on contractors’ charges without any markups. You only pay the actual cost of repairs or improvements, helping to keep your expenses in check.

• No Leaving Fees

Instead of trapping you with penalties, we offer a simple 3-month notice period. We believe you should stay with us because you want to, not because you have to.

• Fair, Clear Management Fee

Our rates are straightforward and agreed upfront, so you’ll know exactly how much you’re paying each month—no nasty surprises hidden in the small print.

• Landlord-Led Savings

Because we’re landlords ourselves, we focus on keeping your running costs low. From negotiating with contractors to leveraging technology for admin tasks, we aim to pass savings on to you.

3. Real-Life Cost Breakdown

Imagine you own a three-bedroom property in Crewe. A traditional agent might:

• Charge a £200 setup fee

• Add a 10% markup to each maintenance invoice

• Impose a renewal fee of £75 per tenancy extension

• Potentially levy a penalty if you want to switch agencies sooner than 12 months

With NUVO Lettings, you’d avoid all those extra charges. There’s no upfront administration fee, no maintenance markups, no renewal fees, and no leaving fees—just one transparent, competitive management rate. Over the course of a year, this difference can add up to hundreds of pounds, if not more, in savings.

4. Beyond the Fees—Service Quality

While cost is crucial, service quality matters just as much. Traditional agents juggling large portfolios can lose sight of individual landlords’ needs, leading to missed maintenance issues or slow rent collection. NUVO’s smaller, dedicated team ensures:

• Personal Service – You’ll always be able to speak directly with our manager, Cal.

• Proactive Management – Regular inspections, prompt repairs, and clear communication keep tenants happier and reduce your stress.

• Expert Insights – We live and breathe property investment, continually refining our approach to protect your returns.

Comparing traditional letting agents to NUVO Lettings reveals clear differences in cost transparency and service quality. If you’re tired of unexpected fees and want a management partner that puts your interests first, it’s time to explore a more transparent way of doing business.

Ready for a letting agency that offers real value without hidden charges?

Call us on 01270 295532, book a call, or email info@nuvolettings.co.uk. Let’s discuss how our landlord-led approach can help you save money and gain peace of mind.