The Major Advantages of Guaranteed Rent Scheme to Landlords
One of the major benefits is first payment. 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. You will not have to wait until the tenant is found and he will effectively become the service provider for the whole duration of the rent contract.
Another benefit is fixed payments. One thing with rent schemes is that the property management guarantees the landlord a fixed monthly rent of any size or 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. In the guaranteed rent schemes the property managers do not charge the tenants any fee upon entering into a rental contract with them. Not only that, but there is also no hidden charges or costs like the cost of servicing your gas or the gas line. You find that a gas safety certificate is supposed to be issued if the engineer installs any gas appliance or upon servicing.
Another benefit that landlords get from these schemes is higher rents. You will not be involved in this as it will be their full responsibility to know how they will charge the houses. By fetching higher prices for your property, they will be boosting the value of your property by some margin. You find that there are also other services that are aiming at making the property look better like the EPC services which will be aiming at repairing, renovating and making the property new.
We also have regular inspections. It is important that a property to be inspected after a given a period of time. The Guaranteed Rent scheme will take all the services of the landlord and ensure that the property is inspected. This is a requirement and an inspection certificate will be required by the local authority to make sure that everything is in the right place.
Another thing is that you are not entitled to any bill. The guaranteed rent schemes are doing all they can to make sure that as a landlord you don’t pay anything regarding the property. This means that they will be paying all the utility bills and the council taxes by coordinating with the inventory property managers.