Guaranteed Rent
How It Works
Guaranteed rent has been gaining popularity in recent years, despite the many misunderstandings which surround it. At its heart, guaranteed rent is simply a solution to the many headaches that long-time portfolio landlords have to deal with as a consequence of their profession, such as planning for void periods, paying for maintenance costs, handling complaints from those tenants and maintaining the condition of their property over the years.
Add to this the lack of assurance that a tenant will treat their property with respect pay their rent on time, or even pay it at all, and it’s no wonder why landlords are outsourcing the management of their properties to guaranteed rent companies which offer to pay them a monthly rent which, while being secure, convenient and low-hassle, is also profitable and mitigates most, if not all, of the risks that are typically associated with being a portfolio landlord.
The way it works is the guaranteed rent company will offer to manage a landlord’s property and pay that landlord a fee for doing so. The guaranteed rent company takes on all of the responsibilities associated with running the property, such as filling the rooms, dealing with tenants, paying the utilities and maintaining the property’s upkeep. All the landlord has to do is continue to settle any payments associated with any mortgages that are on the property in their name and collect their monthly rental payments from the guaranteed rent company. It’s that simple!
Not only does guaranteed rent provide a solution to landlords’ problems, but also to those of tenants who may have had bad experiences in the past with absent or dismissive landlords, many of whom may have simply been too snowed under with the workload from their other properties to provide a swift response to their tenants’ concerns.
In short, through acting as the acting manager for a landlords’ properties, guaranteed rent companies provide a win-win for tenants and landlords, being on all at all times for tenants in need, and allowing landlords to breath easy, knowing their properties are being well taken care of and that they are being paid like clockwork every month for a pre-agreed period of time.
Want to be one of our landlords?
If you’d like to work alongside Dunnell Estates’ guaranteed rent team, all you need to do is jump on a call with us and one of our team will ensure you’re the right fit for us by confirming some of your details before talking you through our onboarding process. You can also click here to read more about the benefits of working with us.
Are you a letting agent?
Click here to read about the benefits of working with us.
Introducing...
Our Happy Tenants
Our guaranteed rent scheme ensures our investors receive a profitable rental income, no matter the circumstances.
Our guaranteed rent team are highly experienced property managers, providing the highest quality service to landlords and tenants.
Our guaranteed rent scheme takes away all of the hassle associated with property management, combining a completely hands-free process with consistent and profitable rental returns.
Want to get involved?
Work With Us
When you employ a property manager, you want to ensure that all of the boxes are ticked so that you can breathe easy, knowing your asset is being looked after.
That’s why we cut out all the guesswork and are utterly transparent with the service we provide to our landlords and our tenants.
We’re always open to working with new landlords who are looking to put their properties in capable hands. Reach out to us if you’d like to have a chat with one of our team.
