What’s The Difference Between Letting Agents And Total Guaranteed Rent
You’ve got what appears a simple choice, rent the property yourself, give it to a letting specialist OR place it in the hands of a good guaranteed rent scheme. You don’t have the time or the inclination to rent it yourself (and you probably know better) so you’re wondering which way to go. On the surface a estate agent might appear to be the most cost effective option, and for some it is, however once you look at what you’re paying for, you’ll soon realise that for problem properties those expenses can become a lot higher than what you may have first thought, lets see why:
- A management fee for managing the property which is typically a percentage of the monthly income and can range from 10-15%.
- If the property is not let by a Letting Agent you won’t make any rental income and you’ll still have to pay the monthly costs.
- Often there are tenant finding fee every time an agent sources a new tenants on top of their management fee.
- Contract renewals can also be extra and occur every 6-12 months and may also include costs for inventory checks as well as check-in and check-out protocols.
- If there are any maintenance issues, the property owner is responsible for the costs and if the repairs are organised by the letting agency they may also charge an admin fee on top. Often the standard of work is low, which may end up costing you more in the long run.
How Does Total Guaranteed Rent Stack Up Against Other Providers
Your Rent Is Guaranteed
2N Property = ✅
Other Providers = ✅
Generally speaking most services provide a guaranteed rental income of some kind, however there are many differences. Some guarantee a gross rent and then take out all their costs of service which can vary your income considerably, however we guarantee a net income so your income is truly stable and guaranteed.
99.9% Hands Free & Hassle Free
2N Property = ✅
Other providers = ✘
Unlike established letting agents and even newer landlord platforms like Howsy where you’re still left making all the decisions, with us, you no longer have too.
With us you receive a long-term professional contract of 5 or more years that gives us total responsibility (and liability) for running your property and optimising its performance.
You’ll never have to look for or deal with another tenant or agent again while you’re on contract with us.
Perfect for busy, retired or time poor landlords and investors who have better things to do with their lives and want a better work life balance. You’ll never get lost time back.
No more worrying about when you’ll fill your property with good tenants, when maintenance will get done, chasing payment or worrying about not getting paid.
Finally, avoid making decisions that come back to bite you because of cashflow issues which are forcing your hand or because of a lack of time that pressures you into taking advice from your agent who isn’t personally invested in your property.
ALL inclusive FULLY managed TOTAL GUARANTEE!
2N Property = ✅
Other providers = ✘
Our service has been designed to be Fee Free as well as Hands Free for all our property owners and delivers 24/7 support to anybody that remains with our service.
Each month you receive the net monthly rental income on time which we agree with you, even if your property is empty, without any additional costs for finding new tenants, drawing up contracts doing essential referencing, dealing with renewals or covering any maintenance you hadn’t planned for.
Everything from photographs and marketing to viewings and inventory, check-in, check-out, and refurbishments are covered and will no longer take up any of your time.
You can finally escape the issues that come with ASTs like periodic rentals, voids, and handling evictions as well as endless tenant questions and concerns.
The best thing about this is that your risks are being shared by us (in fact we’re taking on a lot more than others) so it’s in our interest to ensure your home is performing at its best and that we manage it optimally or we just don’t make any money.
There are no hidden surprises like late rental payments or costs that will creep up on you, so you know where you stand each month of every year you remain with us.
This service has been designed to be Fee Free as well as Hands Free for all our property owners and delivers 24/7 support to anybody staying with us.
Each month you receive the net monthly rental income on time which we agree with you, even if your property is empty, without any additional costs for finding new tenants, drawing up contracts doing essential referencing, dealing with renewals or covering any maintenance you hadn’t planned for.
Everything from photographs and marketing to viewings and inventory, check-in, check-out, and refurbishments are covered and will no longer take up any of your time.
You can finally escape the issues that come with ASTs like periodic rentals, voids, and handling evictions as well as endless tenant questions and concerns.
The best thing about this is that your risks are being shared by us (in fact we’re taking on a lot more than others) so it’s in our interest to ensure your home is performing at its best and that we manage it optimally or we just don’t make any money.
There are no hidden surprises like late rental payments or costs that will creep up on you, so you know where you stand each month of every year you remain with us.
Completely SYSTEMISED and underpinned by proven TECHNOLOGY
2N Property = ✅
Other providers = ✘
We have selectively built, chosen and integrated platforms that deliver a complete 360-degree view of the entire property rental and management process and helps us to improve the communication between ourselves, tenants, landlords and agents to ensure optimally efficient outcomes.
Built into our operating procedures are cleaning processes that not only keep the properties we manage in tip top condition they also identify maintenance issues on a regular basis and in addition to this we perform routine checks which occur daily, weekly or monthly depending on the properties use.
These are then confirmed by our office team, sent to our approved trades people who schedule the work all through our platforms.
Our systems also provide assurance that our service and the property itself continually operates within a framework of compliance and meets local standards set by the government.
Rest assured your property is in safe hands with a team who has their finger on the pulse 24/7 even when you’re sleeping.
If you ever feel the need to check in on your property, just log into our portal to get a status update.
100% PROFESSIONAL and DEDICATED team
2N Property = ✅
Other providers = ✘
Unlike the typical agency model or those low-cost web-based services, all our people are highly qualified and have direct property experience which enables them to make the best decisions about each property operated by us.
Usually you pay for what you get. However, our business model delivers investor level experience to your properties daily.
Hand CRAFTED and EXPERTLY operated
2N Property = ✅
Other providers = ✘
We do not employ any of the principles or approaches that have frustrated buyers, sellers, landlords and tenants alike when dealing with other providers.
It’ll feel like your breathing fresh air when you’re able to leave behind the nonsense those jobsworths throw at you down the phone.
Your risk is SHARED by us like no other provider.
2N Property = ✅
Other providers = ✘
Unlike other providers who are working to keep their costs down and may cut corners during maintenance and general service delivery, the exclusive group of properties we operate are our shop window and to ensure we attract the right tenants and professionals to stay with us so it’s in our interest to ensure they remain highly desirable throughout the term.
There will be no more unexpected maintenance or refurbishments to during or after you get the key back to your property if you ever decided to leave us on contract expiry.
NOTHING HIDDEN like costs, optional extras or add-ons
2N Property = ✅
Other providers = ✘
In contrast to other service providers where there are fees or additional costs, optional extras and addons that you absolutely must have to make their low-cost starter packages worthwhile, everything with us is included.
There are no setup fees and we provide a completely inclusive costing schedule.
It covers obvious things like marketing and management as well as the less obvious like certifications and licensing. We’ll sort the Gas and Energy certificates directly and even support you with licensing for specialised accommodation like HMO’s where the property owner must be involved in the application.
Legal issues like evictions and court costs are also covered.
And finally, brown goods (furniture) and white good (appliances) are covered as well as the central heating boiler and electrics.
Like we said, there are no hidden extras required unless you decide to modify our standard package.
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If We Could Transform Your Rental Experience And Create More Freedom & Financial Stability
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