Typically you have two options if you want to make a consistent income when you invest in a property. Firstly, you could become a private landlord and invite tenants to live in the building. Alternatively, you can work with the local authority and let them handle tenancies. The latter is a fantastic strategy that offers many benefits. Read on to learn more about why you should rent a property to the council in Waltham Forest or other parts of London.

The advantages

The biggest benefit with the second option is you get a stable income. Councils guarantee that you receive the agreed rent every month no matter the situation. They will take responsibility for paying it rather than relying on the tenants. So, you get protection from void periods and any cases when tenants won’t or can’t pay. That means your cash flow is safe no matter what.

Another crucial benefit is you can save money by working with the council. There will be fewer costs to worry about, whether it is maintenance, marketing, or other areas. In most cases the council will manage the properties. They won’t need to market them at any point because they will be able to pick tenants on their housing waiting list.

As a final benefit, agreeing to rent a property to the council in Waltham Forest will also help the local area. You will be making your properties available to the people that need them the most. This can include individuals and families, care leavers, and elderly people.

Dealing with the local council

There can always be a little bit of concern for private landlords. It exists even when they work with agents. However, you can have more confidence when you deal with the council. There will be extra layers of protection for your interests. Plus, it shows that our services are legitimate and reliable.

Most councils in London have their own specific schemes for working with private landlords. We can help clients to learn more about the ones that are available where they have assets. This can include in Waltham Forest as well as other boroughs. We can provide details and explain if we think it would be best for you.

Get in touch to rent a property to the council in Waltham Forest

As you can see, this is an option that makes a lot of sense financially and in terms of your workload. We can help arrange it for clients. Most importantly, we can assist with ensuring properties will be acceptable. It is crucial they are in good condition and don’t have serious issues with safety. This will ensure there aren’t issues with starting a scheme.

With our help you can start working with the council quickly. You could have your first rental payment in around 10 days. From that point you will have stable income for 1-5 years depending on how long you sign up for.

So, if you think you would like to rent a property to the council in Waltham Forest or want to make arrangements for a full portfolio, speak to us. We offer the very best solutions, ensuring it is as easy as possible and explaining how it all works.