Guaranteed rent offers an excellent alternative to traditional letting. Your rental income is guaranteed every month, even if the property is empty.
With a guaranteed rent contract, the provider, such as ourselves, essentially takes on the role of your tenant. We then sublet the property to a tenant, ensuring the rent is paid every month, even if the property is unoccupied or the tenant misses the rent payment.
Guaranteed rent in Little Ilford can be an effective way to safeguard your portfolio, whether you own multiple properties or just one.
The Advantages and Disadvantages of Guaranteed Rent
At LTA Direct we value transparency, we want to present the positives and the negatives, so you can be sure whether guaranteed rent in Little Ilford is right for you.
The pros of guaranteed rent:
1. You receive a steady rental income from the property, protecting you from the unpredictability of the property market
2. You don’t have to be involved in the management process, the guaranteed rent providers will handle this
3. Your property will be repaired and maintained by the providers too, save for general wear and tear
The cons of guaranteed rent:
1. You have limited control over who lives in the property, the choice of tenant is down to the guaranteed rent provider
2. You might receive a lower rental income than if you chose to manage the property yourself, privately
3. If you don’t do your research, you could choose the wrong company to work with
Find Out More About Guaranteed Rent in Little Ilford
If you’re considering letting your property out via a guaranteed rent contract, we can help you. The best next step is to fill out our rent calculator, to get an idea of what your property is worth, and then contact us to arrange a chat.