Frequently Asked Questions
Isn’t this sub-letting?
We will take on your property under a management contract, acting in the same way that a letting agent would. Sub-letting occurs when a tenant lets a property traditionally under an AST and then seeks to underlet the property without prior consent.
What if I need my property back early?
If you find yourself in a position where you need your property back early then we are very flexible and would always work with you to achieve this.
Will I need a HMO License?
A HMO license won’t be required even if there are multiple households staying in the property. Our guests will only ever stay up to a maximum of 3 months and will always have a permanent residence elsewhere. This means that by law they are not classed as tenants. Because of this the property does not fall under the same regulations as a HMO and would not need a license. Even though this is the case we still ensure that each property we take on has the correct gas and electrical safety certificates and adequate fire safety measures are taken.
Why don’t I just do this myself?
Many landlords choose to self manage and this is fine. Our fixed rent strategy is specifically for landlords who are looking for a more hands off experience with their property and are happy to forget about it whilst we do the leg work.
Do you work with letting agents?
We are happy to work with both landlords and letting agents and have great relationships with both. Agents often have specific systems and ways of working and we are happy to fit in with these. They will still receive the same fees as renting to a standard tenant but won't receive any of the headaches.
Do you guarantee the rent?
The business model that we operate is often referred to as guaranteed rent. We will pay you the agreed rent regardless of occupancy but we prefer not to call it guaranteed rent, since people often have different understandings of the term. However, we operate a reputable business and part of that involves keeping adequate cash reserves and doing thorough due diligence on each property we take on. We don't have to worry about evicting tenants who don’t pay their rent and in the event of a downturn we are not over-leveraged and will still be able to operate at a sustainable level, meaning you will always get paid on time.
