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Fee income for 2010/2011 was £187,000 mainly derived from residential lettings and management, with over a 100 properties under management Other significant income streams are residential sales, commercial management and lettings, business transfer sales, lease renewals, planning applications, inspection fees, auction sales, etc. Established that has been profitable business from the outset, fee income has increased year-on-year. The business benefits from low overheads and ease of management. The fee income is produced by the vendor/owner and property manager with the administration dealt with by the office manager. In general, the geographical spread of sales and lettings stock is small allowing easy and rapid response and low travelling downtime and cost. The ethos of the owner is to have a tight but efficiently and effectively-run business producing fee income from quality instructions while keeping overheads to a realistic and workable minimum.
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