Did you know that being a private landlord is not the only option if you want to earn a great income from your investment properties? In London and other parts of the UK, you also have the choice to rent a property to the council. It can be a rewarding strategy and provide some really impressive benefits.
Why is it the right option?
Private landlords have a lot of responsibilities. They must ensure homes are safe to live in and adhere to the council’s standards. There can also be licensing requirements, especially with assets like HMOs.
On top of this they have to deal with finding tenants and everything that comes with it, including void periods. Plus they need the right legal agreements to make sure tenancies are correct. Then there is the task of collecting rent and managing/maintaining homes.
What we are trying to say here is that being a private landlord is very hard work. However, you can avoid it by choosing to rent a property to the council instead. This way the council bears much of the responsibility. You get guaranteed rental income without the work or risk. What could be better?
Council letting is also a great option in the sense you can play a part in making homes more accessible. Councils in the UK work hard to provide social housing for people who struggle to buy or rent privately. However, it can be tricky for local authorities to get the number and type of properties they need. As a property owner, you can help by letting them use your assets.
A local authority partner
Guaranteed Rent is the perfect team to work with if you do want to rent a property to the council. We are a local authority partner that works with numerous councils across London. As a result, we can give landlords easy access to the best schemes.
Our knowledge of how council letting works is extensive. We can give clients information about how schemes work, the lengths, their responsibilities, and what to expect. In addition, we can give tips on the kind of properties councils are looking for in different areas.
Rent a property to the council today
If you are interested in this kind of renting, we can give you the smoothest, most reliable service. We are hands on here to protect your interests. We begin by checking each property and ensuring they are ready safe and ready to let. As part of this we can help you to obtain important documentation like Gas Safety Certificates. We will also do a photographic inventory.
We can get everything ready for you in less than 10 days. You’ll start receiving rent money promptly, directly into your account. Then you don’t have anything to worry about for the length of the scheme. This could be as little as a year or up to 5.
One thing to remember here is you will always remain the owner of the property. The best way to look at it is the council becomes your tenant and takes responsibility. They will find people to live in the property but pay your rent every month without fail.
So, why not have a closer look at how to rent a property with the council and the rewards it can offer? You can contact us to ask questions and for lots more detail.
