Guranteed Rent Scheme
Judy had a 2 bed flat in Edmonton and thought that the market rent was around £700 per month. She was worried about using a letting agent that would charge a high fee for finding a tenant and then leave her with the risk of having no cash flow if the tenant left or stopped paying the rent.
Having a regular fixed monthly income was important to her. She could budget for mortgage payments, insurance and any planned maintenance, taking away the worry and stress of property management.
We prepared a free Market Appraisal Report and visited Judy at the property. We were able to confirm that the market rents were now reaching £850 per month.
Judy decided that her best option was our Guaranteed Rent Scheme. She'd get a fixed income equivalent to 70% of the market rent being £595 each month. She does not have to pay for tenant find or any other management fees and receives this amount whether there is a tenant in the house or not.
House Sale At Full Market Value
Joanne had her property on the market for over a year. After a succession of viewers, a couple of which agreed to buy but pulled out because of their inability to get a mortgage, she was becoming increasingly fed up. Her Estate Agent's only advice was to keep dropping the price.
She had spent a lot of time and money improving the house and had considered renting. She was put off by worries about how the tenant would look after the home that she had cherished.
After being recommended to us, we visited the property and suggested our Rent to Buy Scheme. We'd market the house and find a tenant buyer who would sign an option to buy the house at a later date for a fixed price. Until they bought the house, they would pay rent and carry out repairs and improvements. Because the buyers were paying a monthly deposit payment on top of the rent, which would go to Joanne if they pulled out, she knew that any interested parties would not be time-wasters.
Within 28 days a tenant buyer was found. Not only that, we secured her £5,000 more than the Estate Agents list price.
Property Portfolio Landlord
During 2004-2008, Ian had built a £15 million property portfolio spanning England, Northern Ireland, Scotland & Wales. He'd tried to manage his properties by using letting agents, becoming increasingly fed up with their poor service, lack of communication and disjointed approach. He felt that he was spending all of his time managing the agents.
He then decided to self manage and recruited staff, but was finding it difficult to manage properties remotely. His rent collection was suffering and voids were steadily increasing.
After intitially giving us a few empty properties, Ian quickly transferred his complete property portfolio to us. He had a dedicated Relationship Manager to deal with who managed his entire portfolio. His rental properties were managed on the ground by our local Property Managers throughout the UK.
Ian's monthly income increased by £20,000 per month as a result of;