What’s the difference between the PRS and the Property Ombudsman Scheme for rent to rent businesses?

 

151 - In this week's episode I want to talk more about the property ombudsman scheme and how you can ensure you get it right for your rent to rent business - and I was asked by Rachael,

“What’s the difference between Property Ombudsman and the Property Redress Scheme”

The government has made it a requirement that businesses which let property are a member of a property ombudsman scheme.

The main purpose of the property ombudsman is to resolve or settle unresolved complaints from consumers who have suffered a loss as a result of the actions of the a letting agency business.

There are two property ombudsman organisations recognized by the UK government. 

  • The Property Ombudsman

  • The Property Redress Scheme

So, what’s the difference? Listen on to find out...


You can now also follow us on TikTok @rent2rentsuccess

You can find out more about the ethical way to make money from properties you don’t own with our FREE Rent to Rent Masterclass and Guide.
Free Rent 2 Rent Success Guide & Masterclass

Have you found this useful?
We’d be super appreciative you could leave a review on apple podcasts.
CLICK HERE to leave a Review on Apple Podcasts

And for every podcast review you give, you’re giving to help children in the Turkana region of Kenya to have the uniform and books they need to attend school. We’ll be contributing through B1G1. 


Until next time, have a great rest of the week.

And remember, Believe Bigger, Be Bolder and Be a Gamechanger!


See you soon!
Stephanie & Nicky
xx

You’ll love these too…