The Major Advantages of Guaranteed Rent Scheme to Landlords
First payment is one of the things that landlords like about these schemes. This is more beneficial due to the fact that the landlords that are in the guaranteed rental scheme always gets the first payment into their accounts after signing the contract with the property managers. Immediately they sign the contract they become the service providers for the period of the contract, and you will not have to wait for the tenants to be found as they will act as the first tenants.
Fixed payments is another advantage that pulls most of the landlords into these schemes. This is beneficial since once you engage the schemes you will be guaranteed a fixed rental amount of any size in any location. For example, we have the London property management guaranteed rent schemes where the landlords are assured of monthly payments even if the tenants have not paid the rent, the property is vacant, or the property is let.
Most of the people also prefer these schemes since they charge no fees or commission. You find that in these schemes the property managers or the inventory managers does not charge the tenants any fees for entering into the rental contract. Not only that, but there is also no hidden charges or costs like the cost of servicing your gas or the gas line. One thing that you need to know is that a gas safety certificate is supposed to be issued when an expert installs the gas system or upon servicing it.
Most of the people also prefer guaranteed rent schemes because of the higher rents. You will not be involved in this as it will be their full responsibility to know how they will charge the houses. One thing is that they always fetch higher prices for your houses which will help in boosting the value of your property. As a landlord you will not pay for the fee towards maintenance as they have arranged for EPC service in place to take care of that.
We also have regular inspections. Regular inspection is a requirement by the local authority and should be done. Being that they have taken over the landlord services it will be their responsibility to ensure that the property is safe through EPC services and the inputs of the gas engineers. This is necessary since a certificate will be required as a proof.
You are also not entitled to any bill. It is their responsibility to make sure that you don’t pay anything. They take the full responsibility of paying all the utility bills and council taxes through the services of inventory property managers.