Why do Most of the Landlords Prefer Guaranteed Rental Schemes
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. 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. You find that when you are dealing with these schemes the property management service providers will guarantee you a fixed payment of any amount 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. 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. 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. Having taken charge, it will be upon them to decide on how they would like to price the houses. 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.
Apart from that, they also conduct regular inspections. This is a necessity and should be done regularly. The Guaranteed Rent scheme will take all the services of the landlord and ensure 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.
You are also 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.