The Major Advantages of Guaranteed Rent Scheme to Landlords
One of the major benefits is first payment. One thing with the landlords that use this scheme is that they always get the first payment in their account within 24 hours after signing the rent 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.
Most of the people also prefer these schemes since they charge no fees or commission. When dealing with this scheme, it will be beneficial due to the fact that the property or inventory managers will not be imposing any fee on the tenant on signing the rental agreement with them. Apart from that there are no hidden charges such gas safety of which they can be charged for servicing their gases. Another thing that you need to be aware of is that a GAS Safety Certificate is supposed to be issued when an engineer installs the gas system in the property or upon inspecting and servicing the gas lines.
Higher rents is one of the benefits that landlords reap from the guaranteed rent schemes. After signing the contract, it is their responsibility to set the prices of the houses the way they want. One thing is that they always fetch higher prices for your houses which will help in boosting the value of your property. 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. By all means the property managers will make sure through EPC services and the gas safety engineers that the property is inspected. You should know that the certificate of inspection 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. They take the full responsibility of paying all the utility bills and council taxes through the services of inventory property managers.