How Landlords Benefit from the Guaranteed Rental Schemes
Most of the people prefer guaranteed rental schemes because of the 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. 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. 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. 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. Apart from that there are no hidden charges such gas safety of which they can be charged for servicing their gases. You find that a gas safety certificate is supposed to be issued if the engineer installs any gas appliance or upon servicing.
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. 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. Regular inspection is a requirement by the local authority and should be done. By all means the property managers will make sure through EPC services and the gas safety engineers 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.
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