There have been a series of articles in the press recently, reporting that rental incomes are nearing the level at which they peaked back in 2008. Whilst tenant demand remains strong this scenario is only going to get better in the short term, but, with constant uncertainty about the long term future of the economy, how is it best to take advantage of these high rents now?
One fantastic solution is the net guaranteed, long term rental schemes offered by a selection of elite property companies. These schemes involve the company completely taking over every aspect of letting your property - finding tenants, rent collection, dealing with maintenance issues and organising regulatory inspections. You, as a landlord, get to reap the benefits of owning your property without the hassles associated with it - and all the time collecting a guaranteed rental income every month.
One of the biggest bonuses for using as program such as this right now, is that whilst gross rentals are so high, you will be in a position to negotiate an excellent guaranteed net rental figure for your property. This has the added advantage that the scheme covers periods between tenancies, so you can enjoy the near-record levels of rental returns even when your property is vacant!
Guaranteed letting programs also assist landlords experiencing other issues:-
* Dealing with tenants is lost time, and lost time represents lost income. Under a net guaranteed rental scheme, you no longer need to have any contact with your tenants.
* Using the services of inefficient management companies is not only frustrating, but also affects your cashflow. If you have no control over management charges and maintenance costs, your long term profitability will be under strain no matter how high rental rates rise! These programs take care of all of that.
* Reluctant and accidental landlords will be delighted to learn that net guaranteed long lease letting schemes are completely hands free. You have no involvement whatsoever, other than checking your bank statement each month to ensure that your funds have been received.
The programs work by guaranteeing the landlord a net figure of between 70% and 80% of the gross rental market value. Thereafter, all the costs associated with the property (and the time it takes to organise repairs and inspections) are taken care of. When you add up every penny and every moment of your time spent taking care of your investment, the net income you receive will usually surpass your gross less costs. Plus you get instant relief from the stresses and headaches of being a landlord.
Locking in the high rental yields currently available through a net guaranteed long lease rental scheme will ensure that your property remains a positive investment, no matter what happens to the economy in the long term.