Guaranteed rent: property without the worries
Despite detailed legislation in the Civil Code, problems with letting property are common. Owners of flats intended for letting often face situations where tenants fail to meet their payment obligations or leave the flat without notice. These situations are not as exceptional as they may seem.
Interruptions to rent payments
Rent often covers landlords’ other financial commitments. For example, many people are repaying a mortgage on the property they let, or use rental income to cover other expenses, such as healthcare for their loved ones. When payments stop, whatever the reason, it usually takes at least two to three months to resolve the issue. But what do you do without rent during that time?
Rent every month, whatever happens
Because of such complications, the dream of hassle-free letting can disappear overnight like a house of cards, and a satisfied landlord is almost an endangered species. However, there is a solution: professional property management, specifically the guaranteed rent service.
Guaranteed rent
We began offering this service several years ago, as one of the first companies to do so. In recent years, the rental market has undergone turbulent changes. People moved frequently, rents rose significantly and many property owners faced difficulties. Being a landlord has not been easy in recent years. In response to these challenges, we wanted to offer our clients seeking the certainty of a regular income a service that would resolve their problems.
Professional management of rental properties
Investment flats intended for letting are highly attractive investment assets, and we certainly do not wish to discourage you from purchasing them. However, it is important to recognise that letting comes with certain concerns. These do not necessarily have to be dealt with by the property owner personally. A property management company can take them on and, for a pre-agreed fee, remove almost all issues associated with letting a property. Professional companies also guarantee the return of the property in its original condition, so owners need not worry about prospective tenants who may be inclined to damage the flat. Throughout the term of the agreement, all necessary repairs and maintenance are also arranged, along with rent administration and payment reminders.
Who is the guaranteed rent service suitable for?
Guaranteed rent is ideal for those who wish to receive rent regularly and without worries, without having to deal with anything themselves. It is suitable for anyone concerned about unstable rental income or who has had bad experiences with tenants in the past. Securing a regular income regardless of whether the property is occupied or whether the tenant pays gives property owners peace of mind and financial security. It is particularly beneficial, for example, for owners whose mortgage payments are covered by rental income.
How much does guaranteed rent cost?
The price of the service is determined following an inspection, during which the market rent is established. 15 % is then deducted from this amount, and we guarantee to send the owner the remaining amount every month, whether the flat is vacant or the tenant does not pay.