Problems with non-paying tenants? Use our guaranteed rent service
When letting a property, an owner may encounter a range of issues involving non-paying tenants and the complex process of debt recovery. Fortunately, there is a simple solution to these difficulties: the guaranteed rent service. How does it work and what does it offer?
What is the guaranteed rent service?
The guaranteed rent service is a way of letting a property in which the real estate company, acting as the landlord, guarantees the property owner a regular income. This service gives property owners the assurance of regular income and relieves them of concerns relating to non-paying tenants and debt recovery.
Who provides the service?
This service is provided by our real estate company, Bohemian Estates International. We have many years of experience in property management and real estate investment.
How does the guaranteed rent service work?
The real estate company becomes the landlord of the property and handles every aspect of the tenancy. This includes selecting tenants, property management, rent collection and regular maintenance. The property owner therefore receives a regular income without the worries.
What are the benefits of the guaranteed rent service?
The main benefit of this service is that it ensures a regular income for the property owner, without the concerns associated with debt recovery and property management. In addition, the owner has the assurance that their property will be kept in good condition and returned in its original condition at the end of the tenancy.
How is the price of the service calculated?
Before the agreement is concluded, the market rent excluding charges is determined, and a certain percentage is deducted from it. This ensures a guaranteed income for the property owner. In the long term, the service pays for itself by eliminating rental income gaps and securing higher rent through professionally managed property.
How do we avoid problematic tenants?
Through rigorous tenant screening, the real estate company seeks to minimise the risk associated with non-paying and problematic tenants. Tenants are selected with regard to their payment history and references from previous landlords, helping to prevent potential issues.
Conclusion
The guaranteed rent service is an ideal solution for property owners who want to receive a regular income without the worries associated with letting. Thanks to professional property management and rigorous tenant screening, owners can be confident that their investment is secure and generates stable income.