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.
Apart from that, they charge no fees or commission. When dealing with this scheme, it will be beneficial due to the fact that the property or inventory managers will not be imposing any fee on the tenant on signing the rental agreement with them. Another thing is that they have no hidden charges like gas safety charges which are being charged upon servicing your 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. After signing the contract, it is their responsibility to set the prices of the houses the way they want. You find that their prices are always high as this helps 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. 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 a requirement and an inspection certificate will be required by the local authority to make sure that everything is in the right place.
Another thing is that you are not entitled to any bill. It is their responsibility to make sure that you don’t pay anything. Through the services of inventory manager they will pay all the utility bills as well as the council tax related to the property.