We understand letting a property can be an unpredictable and demanding process. There are many uncertainties that can radically affect your actual rental income, you may end up with much less than you envisaged. This is a common shock, particularly for new landlords, who imagine that at the end of the year, they’ll have 12 times the monthly rental in their pockets. Sadly, this is rarely the case. That is why we have developed our Guaranteed Rent Scheme.
What is feasible is with the Guaranteed Rent Scheme, you will be able to multiply the agreed monthly rental by 12 and be confident that at the end of the year, you will have this sitting in your bank account with no fees, commission, repair costs deducted!
Below are a few key points on how it works:
We are your tenant
The contract, the rental agreement, the guaranteed monthly payments – is between us. You do not need to deal with the tenant, you do not need to chase any rent, you do not need to repair anything. We take full responsibility as if your property was ours. Many landlords prefer tenants who are professionals. The good news with the guaranteed rent service is that we become your professional tenants and you will only ever deal with us.
A fixed start date
Once we have agreed the terms and the guaranteed monthly payments. You can get on with your life knowing you will be receiving the income on time, every month. Whether it takes us one day to rent your property or one year, you are guaranteed the rent every month. No matter how long it takes us to find the right tenant, once the contract is signed and we have the keys to the property we promise to start paying you the rent on or before a set date.
So what’s the catch? There isn’t one
Many people ask us how we make our money, particularly when we charge no set up fees or commission.
The answer is pretty simple.
We pay you slightly less than the market rent value that we would hope to achieve for the property when we rent it out but, in return take on all the risk and responsibility for managing it. You need to consider whether the difference in rental income received by doing it yourself is significantly higher than the guaranteed rent we will pay you every month. If you are unable to stomach the slightly lower rent in exchange for minimal effort on your part, you are better off renting your property yourself.
Because we are experts in the rental market, we are pretty confident that the annual rental income you actually bank is more than you’d get if you decided to go it alone or use a traditional service.
From our experience, the increase / rent you may receive has many risks associated with it.
- What if your property is vacant for 1 month?
- What if your tenant is late in paying?
- What if your tenant does not pay?
- What if the boiler breaks down?
- What if the carpets need replacing?
- What if, what if, what if…?
FOR MORE INFORMATION ON GUARANTEED RENT GET IN TOUCH TODAY!
HQ UK Estates is a Corporate Member of the RLA, Residential Landlords Association.
HQ UK Estates is a Corporate Member of the PRS, Property Redress Scheme.