Being a landlord can be a nightmare
Imagine this …
- Tenants who don’t look after your house and leave it smelly and dirty
- Letting Agents that don’t do their job?
- Making your mortgage payments on time while your tenant pays rent late or not at all?
- Midnight maintenance calls?
- Tenants doing a runner in the night?
- Months when the property is empty?
- Running ads, answering the phone, taking applications, screening tenants?
- Dealing with vandalism and other property damage?
- Tenants from Hell?
- Barely breaking even?
- Reaching into your pocket to cover expenses in excess of rent income?
- Cleaning up the mess after tenants move-out?
- Evicting bad tenants?
- Having to license houses of multiple occupation
- Arranging Gas safety, Electrical and portable appliance testing.
- Wrestling with tricky landlord-tenant laws that are always changing?
Or perhaps you have already experienced this?
With the current state of the housing market many people cannot sell their properties and are forced into becoming an accidental landlord. As property landlords ourselves, we know all too well how much work can be involved with managing a property which is rented out. Especially if that property is not too close to where you live.
What may have seemed like a good investment at the time, may now feel more like a leash around your neck than a good idea. People who have needed to let their properties out to keep the mortgage paid are now becoming very ”Tired Landlords’.
With an estimated 50 Acts of Parliament and 70 sets of regulations governing the private rented sector, it could prove quite a mine-field for inexperienced letters. landlords can potentially face heavy fines or even imprisonment if they do not meet regulations.
Alot of tenants are good, but it can easily go wrong I have friends who had tenants who trashed their properties, who left owing lots of rent and bills unpaid or who perhaps wouldn’t leave the property but also wouldn’t pay rent. Often these properties were managed by letting agents.
There is a solution
We can take over the running of your property :
- Find Tenants
- Give you a guaranteed rent every month even if the property is empty
- Maintain the property
- All you have to do is check your rent is in the account
