Guaranteed Rent:
Fixed monthly rent and we manage the property.
Right Room effectively becomes your tenant, guaranteeing you a fixed annual rental income regardless of whether the property is empty or the tenant stops paying. We then let the rooms individually, taking great care to select the right kind of tenants because if they stop paying, leave suddenly or damage the property we take the financial hit rather than you.
We only house working professionals who can provide proof of employment; it’s our guarantee to you. When we sub-let the property we take the normal deposit from the tenant, which is then registered with one of the approved deposit protection services. When the tenant checks out, the deposit is used to cover the cost of damages that might have been incurred.
As well as this, we guarantee a monthly visit to each one of our properties to ensure everything is in order. Any problems that occur within our tenancy, that are outside the remit of our pre-agreed parameters, we promise to resolve.
- No fees/commissions
- Full property management, with no hassle for you.
- We add value to your property and identify any HMO compliance needs to get the property fully licensed and compliant.
- All tenant deposits will be placed into an approved deposit protection scheme, insuring all mishaps or damages that are liable to the tenant.
Traditional Let Only | Traditional Let and Managed | Right Room - Guaranteed Rent | |
---|---|---|---|
Marketing Your Property | ✔ | ✔ | ✔ |
Tenant Find | ✔ | ✔ | ✔ |
Regular Property Inspection | ✖ | ✔ | ✔ |
Maintenance & Repair Calls | ✖ | ✔ | ✔ |
Income During Voids | ✖ | ✖ | ✔ |
Based on a Two/Three bed with an advertised rent of £1600pcm | Traditional Let Only | Traditional Let and Managed | Right Room - Guaranteed Rent |
---|---|---|---|
Rental Value PCM | £1,600 | £1,600 | £1,600 |
Rental Value Per Annum | £19,200 | £19,200 | £19,200 |
Typical Voids at One Month | £1,600 | £1,600 | £0 |
Tenant Find at 10% | £1,920 | £1,920 | £0 |
Property Management at 12% | £0 | £960 | £0 |
Net Income PCM | £1,440 | £1,360 | £1,600 |
Net Income Per Annum | £17,280 | £16,320 | £19,200 |