There are a number of ways to get an income from residential properties. Most people will choose to be private landlords. However, there is another option. What you could do instead is work with the local authority. It can offer a surprising number of benefits. We can help with this, offering an easy service to rent a property to the council in Barnet and other parts of London.

Noteworthy advantages

Many people will probably be asking why working with a council is better than being a private landlord. The most important thing is it is superior in a financial sense. There are fewer costs because you don’t need to pay to market the property and won’t have agent or letting fees. You also don’t have to worry about losses because of voids or tenants not paying. The council will pay the rent without fail.

It is also much easier to work with a local authority if you consider how much you need to do as a private landlord. Here you have to make sure properties are safe and habitable. You then need to find tenants and manage the tenancies. The council will do all of this if you partner with them. As a result, you save a huge amount of time.

There is also a moral benefit. The council will be looking at people in their area who need help accessing housing. This can include low income individuals and families, elderly people, care leavers, and more. So, you could let them use your assets to provide homes for the most vulnerable people.

A legitimate alternative

The best thing about choosing to rent a property to the council in Barnet is that it’s legitimately a great option. People may get higher rents as private landlords, but there are also more costs and risks. A deal with the local authority has none of that to worry about. Rents can still be very healthy, and the money is all yours.

You also get fantastic support here, both from us and the local authority. It can make it much easier to be a property owner. We are especially good at explaining how schemes work and what your rights will be.

There is also a great deal of flexibility with this kind of option. You may only want to agree a deal for a single year. Alternatively, you may want a scheme that will run for five years. Councils can cater for both requirements in most situations.

Ask us to help you rent a property to the council in Barnet

Guaranteed Rent is a specialist you can trust. We know how working with councils works and can answer any questions. We also make sure our services are high quality and supportive.

A great advantage here is we know what to do to prepare properties and speed up the renting. There are important things to do like ensuring there are no problems like damp or mould. Then, you need to make sure everything is in order in terms of gas and electrical safety. If everything is ready in advance, it can mean you can start a scheme within a matter of days.

So, if you want a viable alternative to being a private landlord that makes financial and organisational sense, we can help. We make it easy to rent a property to the council in Barnet. Contact us today.