Guaranteed rent in Woodford Green offers landlords a hassle-free way to secure their rental income every month.
With guaranteed rent your monthly payments are protected, even if the property is empty. This is because the estate agent, that’s us, takes on the role of the tenant. We then sublet your property to the tenants who will live there. Because we remain financially responsible, you will receive the agreed amount of rent from us every month, even if your property is empty or the tenants miss payment.
5 Things You Should Know About Guaranteed Rent in Woodford Green
1. Stable Income: Guaranteed rent ensures that landlords receive their agreed rental income every month, even if the property is vacant or tenants miss payments. This eliminates the worry of void periods.
2. Hands-off Management: The estate agent takes full responsibility for managing the property, including tenant selection, rent collection and routine maintenance. This allows landlords to step back from the day-to-day management and enjoy passive income.
3. Less Risk: Guaranteed rent transfers the financial and operational risks to the agent. Even if tenants leave unexpectedly or there are issues with payments, the landlord’s income remains unaffected.
4. Lower Rent: While guaranteed rent provides peace of mind, it often comes with a slightly reduced rental income compared to renting on the open market, as the agent assumes the risk. However, at LTA Direct we’re able to offer competitive rates close to market value.
5. Limited Control Over Tenant Selection: Landlords who prefer to be involved in tenant selection may find guaranteed rent contracts restrictive, as the agent handles this process entirely.
Chat With Us About Guaranteed Rent
If you’re thinking about dipping your toes into guaranteed rent, we’re your perfect partner. We create tailor-made packages that are designed to meet the unique needs of every client we work with.
To get the ball rolling, use our free rent calculator tool to see how much your property could achieve via guaranteed rent. Then, if you like the numbers, get in touch so we can start drawing up contracts.