Frequently Asked Questions

1. How will I benefit from renting my house to you? What's in it for me?

  • You will get guaranteed rental income without fail for the duration of our agreement (usually 3 years or longer)
  • You will have no late payments of your rent 
  • You will have no voids, as we will remain your tenant throughout
  • If there should be any damage caused by our guests, we will deal with it
  • As the property will be cleaned after each guest, it will never have been in better condition
  • We will handle any minor maintenance issues that might come up
  • In the very unlikely event of us failing to pay your rent you can evict us immediately (it's in the agrement)

 

2. How do I know if I can rent my house to you?

  • You need to be the legal owner of the property
  • If you have a mortgage, check with the mortgage provider if they allow the property to be used for short-term lets. If not, request they amend it, or re-mortgage if possible
  • If you have a leasehold, check with the freeholder that the property can be used for short-term lets

 

3. What if I have an estate agency working with this property?

That's fine, they will also have no hassle with the property they need to deal with. As we will handle everything as your tenant, it's a win-win situation for all parties. The agreement between us and you does not need to affect the agreement you have with them

 

4. What kind of people will be using the property as guests?

We will house professionals, visitors and tourists, depending on demand

 

5. Why would I sell my house to you?

We can buy your property in a matter of weeks, just as soon as the legal paperwork is through. We would do this without a mortgage for now, so this is a much quicker process, and the sale won't fall through because of the current financial crisis. Especially landlords who have had their property on the market for a while and have already had a number of low offers and sales fall through will appreciate this way of selling.

 

6. What would this sale look like?

We will agree the purchase price, get the legal paperwork in place and take the property over as soon as that is done. We will pay you a monthly fee towards the purchase price for the period we agree on, and we run the property as part of our business in that time. Once that period is over, we complete the sale and you get all the outstanding balance of the purchase. Please note, this option works very well for landlords who want a speedy and certain handover of their property now, but do not need all proceeds from the sale at this point in time. It will not work for you if you need all the money from the sale now, as you will get the outstanding amount after the period we agree. 

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