If you own property in London then it stands to reason that you’ll want to find the most effective ways to optimise profits while minimising the time and work it takes to manage that property. To this end, guaranteed rent in London can make a major difference, providing a stable and consistent income while massively cutting down on the amount of work you’ll have to do.
Today we’d like to talk about the benefits of guaranteed rent contracts, why so many London landlords are opting for them, and what you can do to ensure you get the best deal.
If this is the first time you’ve encountered the term, then you’re probably wondering what, exactly, a guaranteed rent contract is.
Put simply, guaranteed rent contracts are an agreement between a property owner and a management firm to ensure that the property owner will be paid a consistent stream of income independently of whether tenants are currently living in the property.
While the terms might vary from there, management firms will often also take on the bulk of the work required in running the property – from communicating with tenants to organising repairs.
As we said before, the major benefit of guaranteed rent is stability. You’ll never have to worry about late payments or unreliable income.
On top of that, however, come a whole host of other benefits. Allowing a management firm to take charge of your property will significantly cut down the amount of time, effort, and stress you need to put in. You won’t need to spend long afternoons worrying about your legal rights and responsibilities or how to maintain the property without breaking the bank. That will all be covered for you.
In short, guaranteed rent contracts are a path to truly passive income.
Of course, you always have to keep in mind that these contracts depend a lot on the management firm. That’s why you should always search around for the best, most inclusive offer.
Here at LTA Direct, our contracts come with a whole host of benefits including, but not limited to:
Guaranteed rent in London doesn’t have to be a hassle – at least, that’s what we believe. For the very best in stress free, London based property management, call today at 0203 355 1525 or get in touch by emailing info@ltadirect.com.
