Some people invest in properties because over time the values can grow and give them a nice return on their investment. Others do it so they can get a steady monthly income from tenants. If you choose the latter, you may decide to become a private landlord. However, there is another option that can offer some impressive benefits. With our help you can rent a property to the council in Harrow and other parts of London. Let’s explore why it could be perfect for you.
Advantages for landlords
Renting to the local authority is a fantastic choice if you want a smaller workload and less responsibility. It can be hard work being a private landlord, even if you have help from a letting agent. It is far more involved in terms of finding tenants, managing properties, and other ongoing tasks. But, there is none of this when you are working with a council. All of the work and responsibility goes to them.
Another fantastic thing here is the arrangement gives you financial protection. Private landlords have risks such as voids and non-payment to worry about. In the worst cases they could miss out on a lot of money. Renting to the council gets you guaranteed income. You will have automatic payments every month, even if properties are vacant or tenants aren’t paying. It protects your cash flow, ensuring there are no losses.
The service to rent a property to the council in Harrow and other areas can also save you money. Private landlords can have a number of costs to think about, including agent fees, commission, and management. If you work with the council instead, you won’t need to pay for any of that.
Finally, there is a feel-good factor too. Councils have a responsibility to supply housing to local people who need help. If you let the authority use your properties, you will be helping more locals to find affordable, accessible homes. It can improve the community in the area.
Working with councils in London
Guaranteed Rent has been working with councils in London for a long time. In fact, we are the chosen partner of many of them. This ensures you can have confidence in our services. In addition, it means you can come to us for any information you need, such as specifics about the different schemes.
Our primary role here is to support you, showcasing why working with the council will be more beneficial. We can also answer any questions you may have about any aspect of the arrangement. For example, we could explain your rights and what to expect.
Rent a property to the council in Harrow today
If you work with us, you get help from a leading provider of guaranteed rent. We will do all we can to make sure you have a great experience and get all the benefits. We can even look at what you need to ensure you choose the right duration for the scheme, 1-5 years.
Most importantly, we can work to ensure you have a short lead time and start getting your rental income as soon as possible. A key thing here is making sure properties are inhabitable in advance. We can help with this because we know what councils are typically looking for. Crucially, you need to make sure you have important documents such as a Gas Safety Certificate ready.
So, if you like the idea of this kind of arrangement, contact us. We can tell you more about what it is like to rent a property to the council in Harrow and other parts of the city. Then, if you want to go ahead, we can facilitate it.
