Why do Most of the Landlords Prefer Guaranteed Rental Schemes
First payment is one of the things that landlords like about these schemes. 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.
Fixed payments is another advantage that pulls most of the landlords into these schemes. 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.
Most of the people also prefer these schemes since they charge 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. One thing that you need to know is that a gas safety certificate is supposed to be issued when an expert installs the gas system or upon servicing it.
Higher rents is one of the benefits that landlords reap from the guaranteed rent schemes. 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. As a landlord you will not pay for the fee towards maintenance as they have arranged for EPC service in place to take care of that.
Another thing is regular inspection. Regular inspection is a requirement by the local authority and should be done. Being that they have taken over the landlord services it will be their responsibility to ensure that the property is safe through EPC services and the inputs of the gas engineers. This is necessary since a certificate will be required as a proof.
You are also not entitled to any bill. It is their responsibility to make sure that you don’t pay anything. They take the full responsibility of paying all the utility bills and council taxes through the services of inventory property managers.