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

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By Stephanie Taylor & Nicky Taylor, Stephanie Taylor, and Nicky Taylor. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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...

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