GUARANTEED RENT FOR LANDLORDS
WHAT IS IT
The scheme operates on a minimum of 12 months per tenancy, which is subject to renewal after this period. This provides you the Landlord with the comfort of knowing that you will receive a guaranteed rent (i.e. no rental voids) for a period of at least 12 months. This is agreed either through a Lease on the property and/or a Management Agreement between the Landlord and us. In the latter case, we would then agree another management agreement between ourselves and the Letting Agency in order for them to take on the full management with us.
WHY SHOULD LANDLORDS DO THIS
In summary here are the benefits of the scheme to you, the Landlord:
- Guaranteed rent for 12 months at a time
- Fixed rent 365 days a year.
- 24 hrs maintainance
- No management fee per month
- Only one lettings fee every 12 months per agreement
- Headache free rental property
WHAT IS THE FINANCIAL COMMITMENT
WHO IS THIS AIMED AT
WHAT IS THE RISK
EXAMPLE OF AN IDEAL CLIENT
My husband and I decided to use our savings on a rental property, which Rico located for us within a matter of weeks. It was a run down 3 bed terrace which required some capital expenditure on renovations. Rico provided us with a comprehensive breakdown of costs and helped us on possible outcomes depending we decided to either rent out, sell or refinance which made the decision to proceed very easy. Rico introduced us to building contractors who provided a very good service at reasonable prices.
Once the property was ready to let, we engaged the management agents that Rico introduced us to who provide a fully managed service at very competitive rates.
I am pleased to report that Rico has turned our modest savings into a capital and an income-generating asset and we are enjoying a fantastic rental yield.
The whole process was painless, which was part of the attraction as living in London I was not interested in making numerous trips to visit properties or manage works.
I would wholeheartedly recommend Rico’s service – he is very knowledgeable, professional, and can help on every aspect of a property purchase to avoid any extra costs and minimizing risks.