How Landlords Benefit from the Guaranteed Rental Schemes
First payment is one of the things that landlords like about these schemes. 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. 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.
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.
Another thing is that there is 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. Another thing is that they have no hidden charges like gas safety charges which are being charged upon servicing your gas line. 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.
Most of the people also prefer guaranteed rent schemes because of the higher rents. 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. 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.
Apart from that, they also conduct regular inspections. Regular inspection is a requirement by the local authority and should be done. The Guaranteed Rent scheme will take all the services of the landlord and ensure that the property is inspected. You should know that the certificate of inspection will be required as a proof.
Apart from that, you are not entitled to any bill. It is their responsibility to make sure that you don’t pay anything. This means that they will be paying all the utility bills and the council taxes by coordinating with the inventory property managers.