Being a landlord can be lucrative if you can get it right in terms of the level of income and costs. However, there is always uncertainty when it comes to tenancies. You may have periods where a property is vacant. That can cost you dearly. However, you can choose a better way to do things with the top services for guaranteed rent Lambeth can offer. There are no extra costs and you get a guarantee on your income.

Modernising council business

With Lambeth Council’s funding cut, it has chosen to move to cloud delivery of its business applications. They have done this to have a more straightforward technology stack. In addition, they want to be nimbler whilst providing services to the 330,000 individuals in the borough.

This is the latest step the council has taken to modernise its business applications environment. They have been working on it for the last few years, against the background of the pandemic, cost of living crisis, and cost pressure.

Lambeth does have an extensive history as a progressive borough. It also possesses a culturally diverse population. Sadly, it has remained under the cosh economically for years. The change to new tech may help to make the most of the funding they have available.

Doing more with less

The assistant director of finance at the council said that they learned to do more whilst having less money to work with. In regards to IT, they make use of cloud systems because they are cost effective and offer some big benefits. They are using a strategy involving Oracle and Microsoft Technology. Back in 2018, Lambeth Council was actually the first UK public sector to embrace Oracle’s series of cloud applications.

The director also said that they are a £1bn business that possesses 3,000 staff. They are offering between 700 and 800 services to their residents and businesses. During the past decade, their funding has been cut by half. However, the demand for their services, property included, hasn’t changed. It has become more complex too. By moving to the cloud, they have an easier and simpler solution. They can have nimble, anywhere/anytime access, which is essential for them.

Lambeth has a long-standing relationship with Oracle. It was one of six London councils in a multi-year Oracle services partnership. This began in 2012 and was in place until March 2018.

Using new data more efficiently

The council wishes to use new data more efficiently. To this end, they have put the Oracle implementation together with its Microsoft estate. This is to maximise the benefits for its residents. It could even improve the way they help people with properties.

One thing the council did was create a small data science team. It has been working on a number of important things. Examples include identifying those vulnerable in medical, economic, and social ways. In a smaller vein, they are now also identifying people particularly vulnerable to the rising cost of living crisis.

We can meet your property needs with guaranteed rent in Lambeth

At Guaranteed Rent, we supply our clients with an all-in-one solution. A single arrangement with the local council can include maintenance, tenancies, property management, and more. As a result, it can give you big advantages in terms of lower costs, fewer responsibilities, and income protection.

So, whether you are a landlord or an investor, we have great options for you. It is always a good idea to check the schemes for guaranteed rent Lambeth council offers. Let us know if you want to do that or have any questions and we can help.