GUARANTEED RENT FOR LANDLORDS HELP FROM LETTINGFOCUS.COM

GUARANTEED RENT FOR LANDLORDS - HELP FROM LETTINGFOCUS.COM

LettingFocus.com property mentor Lawrenson explains how landlords can get guaranteed rent through private sector leasing schemes. Ask us for advice.

Buy to let expert David Lawrenson of www.lettingfocus.com says, "There is a way that landlords can get a guaranteed rent for up to 5 years with no agent’s fees to pay and no voids."

Did you know you can you can lease your investment property to a housing association, local authority or other third party provider working for a local authority - who then sublets it for you to people on their housing waiting list? And since it is the ultimately the government that is paying the money, there is no chance of the rent not being paid.

Lease periods depend on the local authority and local housing needs but periods of 2, 3 or 5 years are commonly used.

Called “private sector leasing schemes” the rent is usually set at the outset of the period and is in effect government money. The rental paid may be around 10 to 20% below private market rates but is paid straight into the landlord’s bank account usually on a monthly basis.

Each local authority area / housing association has different terms and conditions and the amounts of rent paid vary as do the specific requirements of each operator.

In the case of the property I have had for 3 years with a London housing association, the rent is about 10% less than market rents but they fix and pay for plumbing and heating jobs as part of their own unique contract. And with no voids or letting agency fees to worry about it works out very well indeed.

Some operators of private leasing schemes require the property to be part furnished whilst others will require no furnishings – not even a cooker, shower or washing machine.

The most common type of property required is two beds, though some areas are looking for three bed properties too. Basement flats rarely seem to be required and neither are studio flats nor houses in multiple occupation (HMOs). The standard of the property required is high - any old property just won’t do.

About David Lawrenson and Lettingfocus.com

This is just a brief guide. If you need more advice on private sector leasing schemes or how to get a guaranteed rent please contact me.

I’m David Lawrenson from property investment mentors lettingfocus.com. I’m the author of the buy to let book “Successful Property Letting - How to Make Money in Buy to Let” which is the UK’s top selling property title. Click here to buy the book: property book.

The new edition is fully up to date with all the recent changes to tenancy deposit schemes, HMOs, licensing, capital gains taxes and it has new sections on buying below market value.

What’s unique about lettingfocus.com is that we offer independent property coaching because unlike most people in the buy to let and property “advice” business we are not linked to a property company, developer, estate agent or bridging loan financier and do not receive commissions from any of these sources either.

For example, if a property investment you are thinking about is lousy, we’ll tell you straight and we can help with any aspect of being a landlord, buy to let and property investment. And we won’t make silly promises that you’ll become a millionaire overnight.

We offer advice both at our landlord seminars and also on a one to one basis.

Lawrenson and Lettingfocus.com – Freelance Property Writer, Speaker and Consultant

I am an independent expert on the UK property market and a well known buy to let blogger. I contribute to newspapers and a host of property websites as a freelance property writer.

I also write a number of columns in the press and I run a landlords advice service.

My work as a property consultant and expert property speaker also stretches to helping companies such as banks, building societies, housing associations and web portals with their buy to let and property products and services.

You can read more about my buy to let networking programme at my website lettingfocus.com. My next London property investors seminar meeting is coming soon. Send me an email if you need more information.