How Landlords Benefit from the Guaranteed Rental Schemes
First payment is one of the things that landlords like about these schemes. 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.
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. 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. 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. You will not be involved in this as it will be their full responsibility to know how they will charge the houses. One thing is that they always fetch higher prices for your houses which will help in boosting the value of your property. Apart from that, they will not ask you to pay any fee for any damage or anything as the have EPC services in place to take care of everything that is in line with construction or maintenance of the property.
Apart from that, they also conduct 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. You should know that the certificate of inspection will be required as a proof.
Apart from 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. Through the services of inventory manager they will pay all the utility bills as well as the council tax related to the property.