How To Get Guaranteed Rent For Your Property Share November 13, 2020 As a landlord, missing out on rental income, constantly having to look for new tenants or dealing with maintenance and repairs can rapidly turn your property into a liability. Fortunately, our property management service can reverse this process- turning your property into a guaranteed income-generating asset. Dealing with the regular stresses of being a landlord. Getting guaranteed rent for your property is easy. How Does Guaranteed Rent Work? Getting guaranteed rent for your property means that you will be letting it to us for a specific duration in return for a guaranteed rental income. In other words, we become your tenant during that time and it is our responsibility to sub-let the property to the most qualified tenants. One of the main benefits of this property management service is that you still get the agreed-upon income even when the property is empty. Who Should Consider Guaranteed Rent for Their Property? If your experience as a landlord has been great so far, then you probably won’t need the guaranteed rent scheme. However, if you have faced one or more of the following hurdles, then this scheme can be a game-changer; 1. Your property is your primary source of income and you rely on receiving rents throughout the entire year. 2. You have difficulty finding the right tenants for your property. 3. If you are constantly struggling with late and/or missed payments 4. You get overwhelmed by all the pieces of legislation you need to deal with. 5. You don’t have the time to manage the property on your own. Now, you might be wondering, “Why won’t I just look for a letting agency to solve these issues? How is a guaranteed rent scheme different from a letting agent?” Differences Between a Guaranteed Rent Scheme and a Letting Agent 1. You get a fixed rental payment all through the duration of the contract with guaranteed rent (even when the property is empty). 2. There are no risks for legal eviction costs. 3. No tenant finding fee each time a new tenant is found for the property. 4. Maintenance and repair services are fully covered with this scheme. Why Choose Filey Properties Filey Properties is a local business built on the foundation of honesty, integrity and the aim of providing a one-stop-shop for our clients. The extensive experience we have gathered as well as the strong network of connections we have built over the years will help us meet your unique property needs; from guaranteed rent to lettings and sales. Get in touch with us for more information.