First payment is one of the things that landlords like about these schemes. 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. 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. This is beneficial since once you engage the schemes you will be guaranteed a fixed rental amount of any size 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.
Another thing is that there is 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. By fetching higher prices for your property, they will be boosting the value of your property by some margin. 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.
Another thing is regular inspection. It is important that a property to be inspected after a given a period of time. 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 necessary since a certificate will be required as a proof.
Another thing is that you are not entitled to any bill. What they always do is 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.