Why do Most of the Landlords Prefer Guaranteed Rental Schemes
One of the major benefits is 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. You will not have to wait until the tenant is found and he will effectively become the service provider for the whole duration of the rent contract.
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. 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. 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.
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. By fetching higher prices for your property, they will be boosting the value of your property by some margin. 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.
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. You should know that the certificate of inspection will be required as a proof.
Another thing is that you are 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.