subject: A Long Term Landlords Solution [print this page] If you are a residential landlord who has been in the industry for some time, no doubt you will have experienced one or more of the following issues:
* Hassle from Tenants
* Inflated Agents Fees
* Tenants not paying the rent on time
* Problems relating to property upkeep and repairs
* Voids between tenancies (the average is 6 income-less weeks per year)
If we all had a limitless amount of time and money, no doubt we would be handling all these problems ourselves. In a perfect world, we would have the greatest tenants, who always paid on time, never damaged anything and always gave us plenty of notice when they were leaving or better still, never left. We would handle all the maintenance ourselves the instant it was needed and never, ever get ripped off by unscrupulous letting agents. Sadly, we are a long way from this Utopian scenario, but there is a solution for landlords who have insufficient time on their hands to deal with the ever increasing complexity of letting residential property.
There are a small number of innovative companies appearing who offer rental solutions for landlords and who will take over every aspect of the lessor/tenant relationship including responsibility for any tenancy voids. Their services go way beyond what a management company can offer, in the respect that they will arrange a fixed net, guaranteed rental with you, and take care of your tenants, the maintenance, the bills and all those unexpected issues that seem to crop up all too frequently.
These are completely hassle-free solutions which could revolutionize the way that in which letting a property is transacted in the future. They are ideal for accidental or reluctant landlords, and those who feel trapped by their existing arrangements. The schemes are normally arranged to cover periods of five years, but can be extended by mutual consent, and all throughout the term, participating landlords would be receiving a guaranteed net income that should be equivalent at least to the amount they would have received if they had done it all themselves.
I suggest that landlords in all situations look out for companies offering these long term solutions as they become more prevalent and established, for it seems as if Utopia may be just around the corner and maybe coming to a corner near you!
There services may be suitable for you if you are fed up dealing with tenants, or do not have time/money to arrange for property maintenance.
