Guaranteed rent is a brilliant alternative to traditional letting. Your rent is guaranteed every month, even if there are no tenants in the property. It offers complete peace of mind for landlords.
With a guaranteed rent contract, the estate, such as ourselves, essentially takes on the role of your tenant. We then sublet the property to the tenant. Then, we pay you the rent every month, even if the tenant misses their payment.
Guaranteed rent in Poplar can be a great tool for your property portfolio, safeguarding against missed payments and empty periods.
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 Poplar 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 Poplar
If you’re curious about how much rental income your property could bring in, use our free rent calculator for a guaranteed rent quote. Or, get in touch if you’d like to discuss your options with our team.