If you’re a property owner, you may want to gain an income from it. There are two options you could go with in this case. First you act as a private landlord, or you might choose to rent a property to the council in London. We excel in the latter, meaning we can show you why it is the better option. So, continue reading to discover more.
What are the advantages?
There are lots of advantages if you opt to lease to the local authority. Firstly, there isn’t as much responsibility as there is with a private landlord. They have to find tenants, make properties safe and habitable, and manage tenancies. There isn’t any of this with the council; it will be their job to do it.
Another benefit is that you receive protection against tenants not paying rent and voids. We can’t understate how fantastic it is. It means there is not going to be any losses or interruptions with cash flows. You will get automated payments each month with no pauses.
You can expect to gain some excellent savings here as well. A service can include management and maintenance, meaning you don’t need to pay more for them. What’s more, there isn’t going to be any commission to pay.
If above wasn’t reason enough, the arrangement works for the local area. When you rent a property to the council in London, you can give the locals more accessible housing. This supports the local community, helping it to thrive.
We work with local authorities
Something that legitimises our services is our work with London’s councils. We are here to offer the easiest solutions so people can organise leasing with them. Most authorities are looking to work with private property owners. We can help to facilitate agreements between the parties.
It is also helpful that we can share a lot of details on working with councils. We understand how every scheme works and what they mean for property owners. Therefore, we are able to answer questions, give suggestions, and go over what you should expect from the service.
Contact us about how to rent a property to the council in London
Guaranteed Rent has risen to become an industry leader. We do everything possible to offer our clients the highest quality services, whether they are local councils or landlords. The goal is to ensure both sides benefit.
When you agree to a service, we’ll aid with the preparation. There are crucial things to do there. This includes making the property safe by doing electric and gas safety checks. If you do the prep ahead of time, it can make things go faster.
The quick turnaround is one of the most impressive details here. Usually, it takes under ten days for everything to get into place and for you to gain the first payment. Following this, you don’t need to worry about anything for the entire scheme. They last from one year up to five, suiting different strategies.
Are you looking to find out more about why you should rent a property to the council in London? If so, you are welcome to speak to us to discuss matters further.
