Guaranteed Rental Income.
No hassle with tenants.
How can I get guaranteed rent? How do I make money from my property?
We will rent your property from you as the tenant, paying you regular, guaranteed rent every month for a period of at least three years. For that, we'll have a management / lease agreement with you. We will spruce up your property and make it available for guest bookings. That means we will have guests staying in it, who either work in the area or are visiting.
This is referred to as 'serviced accommodation' because we will provide linen, toiletries, and tea and coffee-making facilities. We will get the house cleaned by a house-keeping company after each guest moves out or after they've been in for a week. That means, your house will never be and remain in a better condition. Your house is the shop window to our business, so it is in our interest to keep it in tip-top condition.
Alternatively, depending on the number of bedrooms, the house will be let out by individual bedrooms to professionals or students, who share the kitchen, living room and bathrooms. This is known as a house of multiple occupation (HMO). HMOs are heavily regulated by councils to ensure all tenants are safe. They are a great way of enabling young professionals to downsize without moving back in with their parents in these trying times, or to allow students to live close to their university.
Enjoy being a landlord again - how will you benefit?
Going down the 'normal' tenancy route :-(
As a property owner who rents their house out, you may well have heard of, or even experienced, occasional problems with tenants.
You firstly have to find tenants, which means your property might be unoccupied for a while, whilst you might still be paying the mortgage, even if no-one is living in the property. And you may have to pay an estate agency to find a tenant for you.
Whilst tenants are in the property, you will have to deal with every snag and every bit of maintenance, which may be an endless string of issues.
If the tenants are late on their payments, are not paying at all, are causing damage to the property, are causing complaints from the neighbours, or they are not complying with the tenancy agreement, it can be extremely difficult to evict them nowadays.
When tenants leave the property, it is usually in a much worse condition than it was when they moved in.
Being a Buy-To-Let landlord/lady used to be easier and lucrative, but is now much less so.
Renting your house to Randos Properties :-)
When you lease your house or flat to us, we will keep any of those issues away from you.
Your rent will be guaranteed to be in your account for the duration of our agreement with you (usually three years).
We will take over any snags and maintenance issues that are below £1,500 each, so you will hardly hear from us, you'll just have the rent rolling into your account every month.
And here's your security: in the extremely unlikely event that we should fail to pay the rent, our contract states you get the property back within a month, removing the risk from you.
As it is in our interest that the property be in tip-top condition for our guests, your house will never have looked better! After all, your property is the shop window to this business.
And, since the house is now used as serviced accommodation, you even have tax benefits in the form of capital allowances.
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Renting to a residential tenant
Tenants can now leave after only 2 months, so you will have gaps in income
Leasing the property to us
We will sign a 3-year agreement and pay every single month
You have to pay to find new tenants and do background checks, references, etc., also causing a delay in your property generating you income every time there is a turnover in tenants
If we take on your property, you sit back and enjoy the hands-off income, in the long-term
An agent will charge you for every bit of work that needs doing in the property
We handle all issues and repairs that are not structural in nature and cost up to £1,500 each, without charging or even bothering you
Tenants leave properties in much worse condition than they found them in
When we hand back the property at the end of our agreement (unless we both want to renew), it has to be in the same condition we got it in
A letting agent takes a share of your income
You get the full rent we agree
We will lease your house from you.
Get guaranteed long-term rent
No voids, not arrears, no hassle with tenants
Randos Properties rents houses from private landlords/ladies on 3-year contracts
We spruce the house up and turn it into short-term accommodation and holiday let for professionals, visitors and holiday-makers
We deal with all bookings and guests and do minor maintenance
You get your rent each month, so just sit back and relax
