Landlords FAQ

Why you MUST Work with Your Local Lets

High Street Agent Your Local Lets
Monthly Rent : £1,250 £1,000
Annual Rent : £15,000 £12,000
Minus:
Typical void period 1.5 months: £1,875 £0
Annual tenant finding fee 5% : £750 £0
Annual management fee 12% : £1,800 £0
Inventory : £100 £0
Annual Rent : £10,475 £12,000
Your Monthly Profit : £873 £1000
All rent arrears and court costs covered by us

We are offering a fairly simple deal. At a very basic level;We lease the property from you for 3 years + and become YOUR tenant. If needed, we bring the property up to the requirements of our customers – young professionals. We then rent the rooms on individual AST’s and take care of EVERYTHING. As WE are your tenants you will only ever have to deal with us.

When renting a property there are of course lots of variables to consider – as you can see from the chart above. Too many hidden costs eat away at your monthly profit. At the end of the day you ask yourself ‘why you are doing it?’

We start paying you your guaranteed rent as soon as the property is ready to let. This could be from the day we sign the lease or as soon as any refurb is carried out.

Landlords

When most of our landlords take advantage of our service and benefit from the service, we have found that they never leave us, and instead choose to extend their contracts over and over again. We work hard to consistently retain the best standards in all areas.

We are not like high street agents – in fact we couldn’t be more different! Can you imagine a high street agent offering to refurb your property or arranging a fortnightly cleaner or a gardener? We take such great care of the properties that they are often in better condition on the rare times that we are asked to return one to the owner!

How do we do it? Well for one thing, we don’t have the overheads most agents have

Yes, we bring in our design team and carry out a light refurbishment at our own cost. If there are larger maintenance works needed we can help you complete the works at a reduced cost.

Believe it or not we don’t take fees from Landlords! Not a single penny. Nor do we charge tenant finder fees or the usual sky high management fees – we do that for free too. We make our money from the difference between what the customer pays us and what we pay you – simple.

We will set up a monthly standing order direct to your bank account for the agreed rent. This will go each and every month for the duration of the contract, guaranteed to be on time each month.

We don’t pay a deposit to you, but each person who takes a room will pay an individual deposit to us that is equal to one month’s rent. We register their deposit with the Deposit Protection Service for the duration of their stay, to safeguard against damage to the property.

Not necessarily. We take on fully furnished, part furnished and completely unfurnished properties. If you have previously rented to students, the furniture may not be the type we normally use and would ask you to remove it. To give you an idea of the furniture we use, take a look at our photos. Our customers are professionals and expect a higher standard of living than most students. This would be reflected in the offer we make you.

Once we have visited you property, within 24 hours we will make you a fair offer based on market conditions in your area. The price we agree to that day will be the price we pay for the duration of the contract, regardless of what happens to the market. If the property is vacant we could be signing contracts and paying the first month’s rent the next day.

All types – but normally houses or flats with a minimum of 3 bedrooms and 2 reception rooms. It can have parking or not, have a big garden or not, it doesn’t even have to be in good condition. If you’re unsure, why not contact us to find out if we can help.

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