Benefits To Agents

Dear letting agent,

If you’re like most letting agents, then you’ll have at least one or two properties on your books that are hard to find tenants for. This will usually because the properties aren’t quite up to par. They may be in an area of town that isn’t quite as popular or maybe they are tired and in need of a refresh, but the landlord isn’t willing to do it.

What would you say if we offered to help you rent out these properties?

We source properties on behalf of corporate clients. The tenants we place are corporate professionals from local businesses and companies who are seeking suitable accommodation. Every property that we take on is also given an upgrade so that it meets the expectation of our clients. Unsurprisingly, this also results in a happy landlord.

rental

What does this mean for you as a letting agent?

Here’s how it works:

We rent your property from you for 5 years with a guaranteed rental income.

We take over the full-service management of the property including all maintenance issues, cleaning and gardening

At the end of the 5 years of guaranteed rental income, the landlord has an upgraded property and has not endured any void periods.

You receive your finder’s fee and it’s yours to keep.

We upgrade the property to a standard where it suits corporate tenants and we find suitable professional tenants for it.

Rent property

You receive:

  • Your finder’s fee from the landlord
  • Your management fee with no voids and no shortfalls
  • The landlord receives the same income every month for five years
  • You won’t have to break your back rushing around with management issues such as burst pipes or broken locks.

You can see that there are a lot of benefits. All we ask is that you give us a try.

A common question from letting agents: is this subletting?

We’ve noticed that there is a lot of confusion about this in the UK letting market. "We do not "SUBLET" we provide a fully managed "Guaranteed Rent" service on behalf of the landlord who agrees to this. He also notifies his insurance company and his mortgage company.

In short, we are finding corporate clients to live in a house share situation. We also fully manage and upgrade the property. Typically, tenants are young professionals who are moving locations and are supported by their employer with their accommodation.

We belong to industry groups such as the PRS (Property Readdress Scheme).

As an aside, did you know that the Government is currently working on how to pilot more shared accommodation, transport and offices as part of daily life in the UK? The Independent Review of Shared Economy of 2014 shows the future of this and how sharing will be supported as a great solution to the housing shortage.

If you need to reassure yourself about this anything we say on this website, please call us or read the Housing Act of 1988, which we follow to the letter or contact The PRS.

Finally, there’s a better way to fill your books

We are seeking letting agents just like you to partner with. You may even have some properties on your books that are suitable and that we could see, ideally with 3 bedrooms or more. The condition of the property does not matter, even if it’s dirty and not very appealing and in the wrong part of town.
Please get in touch and we can give you a free valuation.

To recap, these are the benefits of using our service:

The tenant finder’s fee from the landlord is yours to keep

You are not required to undertake any maintenance, or any other work apart from passing the guaranteed rent to the landlord

When the property is returned to the landlord, they are pleased to see that it’s been upgraded to corporate tenant decorative standard.

The management fee from the landlord is yours to keep (if you are currently fully managing the property)

The property is rented to professional tenants and does not undergo any void periods over the 5 years

We take care of the property and are also responsible for rent collection from the tenants in addition to handling any tenant related or maintenance issues.

Your role in our partnership as the letting agent is to find suitable properties, collect your commission for the next 5 years, and leave all the work to us.

Here's how it works:

You show us your property.

You keep the find fee and management fees (as you may have agreed with the owner)

We upgrade the property; our corporate tenants move in and we do ALL management

Are you struggling to rent a property, call us now for us to help.

Call us today to learn more : 0800 0614929

Get In Touch Now

So you can now sit back and relax Watch the cash roll in and enjoy the finer things in life.