How Landlords Benefit from the Guaranteed Rental Schemes
Most of the people prefer guaranteed rental schemes because of the first payment. 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.
Most of the landlords also prefer these schemes because of the fixed payment. 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. 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.
Another thing is that there is no fees or commission. In the guaranteed rent schemes the property managers do not charge the tenants any fee upon entering into a rental contract with them. Another thing is that they have no hidden charges like gas safety charges which are being charged upon servicing your gas line. 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. Having taken charge, it will be upon them to decide on how they would like to price the houses. You find that their prices are always high as this helps 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.
Another thing is regular inspection. 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.
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.