When you’re a landlord, the one thing you want above all else is guaranteed rent.
If you can be safe in the knowledge that you’ll be receiving a steady stream of rental income, your mind can turn to other things such as expanding your portfolio or further improving the look and feel of your rental homes.
At Sandra Davidson, we offer landlords 1 to 5 year 'Guaranteed Rent' scheme. Put simply, this is a hassle-free letting service with 0% commission that ensures rent is paid to you whether the property is vacant or occupied.
What’s more, the scheme ensures that your rent starts within a week of handing over the property.
So, for example, let’s take a home that is let for £1,700 pcm with a management fee (including VAT) of £204, meaning the amount of rent you receive per month would be £1,496.
As part of our guaranteed rent scheme, the gross and net rent received on such a property would be £1,450 per month, but the associated costs and the costs of void periods would be nil.
This means, in the case of the above, your total net rent across three years would be £52,200 rather than £48,864 without the guaranteed rent scheme.
Net rent PCM without the guaranteed rent scheme would be £1,357.33 rather than the set in stone figure of £1,450, a considerable uplift.
We believe that our proactive approach to lettings and our customer care programme can help to ensure that our Guaranteed Rent scheme gets your property rented out for the best possible price, within an appropriate and agreed upon timeframe.
On your behalf, we will carry out the following: commencing rent within a week of property handover; paying rent directly into your account the same day every month via electronic transfer; paying rent whether property is occupied or vacant, with no rent breaks or stops; and paying all utility bills and council tax.
We will also carry out all necessary void works before handing back the property to you, manage your property throughout the entire duration of the scheme (including carrying out full inventories and monthly inspections to ensure that the property remains at a high standard) and cover all and any necessary legal costs during the term of the tenancy with no impact on your rental income.
All of the above is on a 0% commission basis.
We first opened an office in Redbridge in 1992, when John Major was Prime Minister, Leeds United were champions of England and the likes of Boyz II Men, Erasure and Right Said Fred were topping the charts!
Since then we believe we have firmly established ourselves as one of the area’s leading local estate agents, using our experience and knowledge to help get homes sold and let in a fast and efficient manner.
In order to do this, we always endeavour to provide a personal, professional and reliable service to all of our clients.
We're also a member of The Property Ombudsman scheme, fully subscribing to the Ombudsman’s Code of Practice. It not only ensures the standards of service that we must provide to buyers, sellers, landlords and tenants, it also sets out the framework within we must operate.
To find out more about what we can offer you, please get in touch with us on 0208 551 0211.
If you would like to know how much your property could be earning you in rent, check out our free and instant lettings valuation.
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