In a Nutshell
We are offering a fairly simple deal. At a very basic level; We lease the property from you for 3 years + and become YOUR tenant. If needed, we bring the property up to the requirements of our customers – young professionals. We then rent the rooms on individual AST’s and take care of EVERYTHING. As WE are your tenants you will only ever have to deal with us 🙂
When renting a property there are of course lots of variables to consider – as you can see from the chart above. Too many hidden costs eat away at your monthly profit. At the end of the day you ask yourself ‘why you are doing it?’
We start paying you your guaranteed rent as soon as the property is ready to let. This could be from the day we sign the lease or as soon as any refurb is carried out.
Too Good to be True??
Some Landlords have initially said no to us as they can’t see where we would make our money, and experience has taught them how tough this industry can be!
As we said it’s a simple concept – this is how we do it;
- Recently decorated with a stylish modern look
- Modern appliances and white goods
- Cool artwork in communal areas
- Easy contact with one of our agents
- Thoroughly cleaned before you move in
- Swift response for any queries or problems
Our Guarantee to You
- You will ALWAYS get paid even if the property was empty.
- Money will be transferred in your bank account on the same day every month.
- We will never charge you any fees or commission.
- There are no sneaky ‘hidden’ or ‘unforeseen’ costs.
- We will maintain your property to a good standard.
- You will at last have a truly ‘Passive Income’
We will take care of any legal obligations and can help you to comply with all current relevant legislation, ensuring everything is current and up to date. This would include PAT certification, furniture/fire regulations and smoke/carbon monoxide detectors.
As the owner of the property you are responsible for building insurance which usually includes an amount of contents insurance. A residential insurance will not be adequate and you will need either a buy to let policy or a specialist HMO policy. We have public liability insurance. We advise our customers to obtain their own contents insurance.
Before we take control of your property we would need 2 x proof of ID and proof of ownership of the property.
Before we take over the property you may decide to obtain an inventory from an independent company. Or if you prefer we can arrange this for you.
You are welcome to inspect the property at any time by giving us at least 24 hours notice. We also carry out regular inspections and deal with any issues as they arise. We have good relationships with our customers and quickly deal with any issues they may have.
If you have a mortgage you will have to obtain ‘Consent to let’. If we agree to Multi- Let your property, you will need to be on the correct mortgage product. You will need to sign a warranty in our contract to confirm that this is the case.
During an on-going contract, allowances should be made for the standard of the property at the start of the tenancy and for fair wear and tear during the tenancy.
If there is ever a time when we have to remove a tenant via the court process (it has never happened to us yet) we will take care of the whole procedure and update you if so requested. This would not affect your monthly payments.