For estate agents and partners
Have a landlord who needs a better option?
Introduce them to Slate & Cove. We manage the property, and you take £275 when it goes live, or 3% of what it earns for its first three months. Your choice, property by property.
The terms
Paid on the listing, or paid on what it earns
£275
per property, once the listing is live
3%
of revenue, across the first three months
Per property
you choose, not once for all of them
One email
the whole of your involvement
Compared
Which option suits which property
You choose per property, not once for everything you send. As a rule of thumb the two come level at about £3,000 a month: below that the flat fee pays more, above it the share does. A property earning well is worth referring on the share.
Work out one of yours
What would a property you have pay?
The flat fee
£275
Within 14 days of the listing going live
The share, 3% for three months
£315
Three monthly paymentsPays more
Take the share. It pays £40 more than the flat fee on this one.
Who can refer
You do not have to be an estate agent
Estate and letting agents
You already act for landlords whose property is empty, will not shift, or is earning less than it should. Introduce one and we take it from there. We do not act on sales or long tenancies, so there is no instruction of yours for us to compete for.
£275, or 3% for three months. Your choice, per property.
Anyone else
You do not have to work in property. Mortgage brokers, solicitors, accountants, relocation agents, developers, existing landlords, or somebody who simply knows an owner with an empty flat. One flat fee, nothing to weigh up.
A flat £275 when the property goes live.
Not in property yourself? The independent referral page has the flat fee and nothing else to weigh up.
Who to refer
The owners worth introducing
- A property that has been on the market for months and is still empty.
- An overseas owner who cannot manage anything from where they are.
- A landlord between tenancies, or facing a void they cannot fill.
- Someone unhappy with the return a long tenancy is giving them.
- An accidental landlord who never wanted to be one.
- A landlord already talking about trying Airbnb themselves.
- A portfolio owner who wants the whole thing off their desk.
- A developer sitting on completed units that are not selling yet.
The process
You make the introduction. We do the rest.
Introduce the property
A postcode, the property type, and a name and number for the owner. Phone it through, email it, or use the form on this page.
We contact the owner
Usually the same day. We explain who we are and that you passed their details on, so nobody is surprised to hear from us.
We assess it honestly
The lease, the mortgage, the freeholder position, and what the property can realistically earn. If a short let is the wrong answer we say so, to you and to the owner.
The property goes live
Photography, listing, pricing and compliance. Most properties are taking bookings inside two weeks of the owner signing, and you are told on the day.
You are paid
Whichever option you took, within 14 days of the property going live, on our normal payout cycle. Nothing to invoice and nothing to chase.
In writing, before you introduce anybody
What we commit to
- We do not act on sales or on long tenancies, so there is no instruction of yours for us to compete for.
- We will not approach the owner about either, and when they are ready for one we send them back to you.
- If the property sells or returns to a tenancy, the management ends. No exit fee and no tie-in.
- The property can still be marketed and viewed while it is let, with reasonable notice around bookings.
- Your fee is set out in writing, so an agent can disclose the arrangement to their client.
- If a short let is wrong for the property, we tell you before we tell the owner.
Refer a property
Send us the property and the owner
Nothing to sign, and one property is enough to start. We contact the owner, usually the same day, and tell them the introduction came from you.
FAQ
Questions we are asked first
Who can become a partner?
Anyone. Estate and letting agents are the reason the programme exists and they get a choice of how they are paid, because they refer repeatedly and their properties vary. Everybody else, mortgage brokers, solicitors, accountants, relocation agents, developers, landlords and people who simply know an owner with an empty flat, takes the flat £275.
How much do I receive?
Estate and letting agents choose per property: £275 when the property goes live, or 3% of what it earns across its first three months. The two come level at about £3,000 a month, so a higher earning property is usually worth taking on the share. Everyone else takes the flat £275. There is no cap on how many properties you refer, either way.
When do I get paid?
Within 14 days of the property going live and earning, on our normal payout cycle. Not at introduction, and not at the end of a year.
Does the landlord pay anything extra?
No. The owner pays the same management fee whether they came through you or found us themselves: 15% of net revenue on the full-time plan, 18% on the flexible one. The referral fee comes out of our side, not theirs.
Do I need to manage the landlord after introducing them?
No. Once you have passed the details, the assessment, the paperwork and every conversation with the owner are ours. You are told when the property goes live and when you are paid.
What happens after I submit a referral?
We contact the owner, usually the same day, and tell them you passed their details on. We assess the property and tell you honestly whether it suits a short let. If it does, we onboard it; if it does not, we say so and nothing is owed either way.
Can I refer more than one property?
Yes, and there is no limit. Each property that goes live is its own £275, so five owners who go ahead is five payments.
What happens if the landlord has already contacted Slate & Cove?
Then the introduction is not yours, and we will tell you plainly rather than quietly. Whoever named the owner first has the referral, which is why it is worth sending us a name before the owner gets in touch themselves.
Will you take my client off me?
No, and it is in the agreement rather than left to good faith. We do not act on sales or long tenancies at all, so there is no instruction of yours for us to compete for. When the owner is ready to sell or let long term, we tell them to speak to you.