How Landlords Benefit from the Guaranteed Rental Schemes
One of the major benefits is first payment. You find that the landlords who use this service will get the first payment into their bank accounts within 24 hours of signing the contract with the Property management service providers. With this in place, you will not have to wait until the tenants are found as they will become the first tenants and they will be the service providers for the whole duration of the contract.
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. Like in the property management London scheme, the landlords are assured of monthly payments even if the tenants have not paid rental payments, the property is vacant, or it is let.
Apart from that, 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. 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. Having taken charge, it will be upon them to decide on how they would like to price 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.
Apart from that, they also conduct 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.
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. Through the services of inventory manager they will pay all the utility bills as well as the council tax related to the property.
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