Here at Smart Choice Property Investments LTD, we understand busy landlords wants to maximise the investment from their property, benefiting from a monthly cashflow with as less hassle as possible. You want your property to be cared for and in enhanced over a long period of time, with the reassurance that genuine, reliable tenants are living in your property. Which is exactly our services become use to you (the landlord).
We take on your property as your tenant and provide you a secure rent month in month out, this is ideal for landlords who want a total hands off, long term tenancy with a guaranteed fixed monthly income.
We would look to control your property for a fixed term between 3-5 years. The arrangement is set up by providing you the landlord with a commercial lease agreement. Providing a fixed monthly income throughout the entire term.
Throughout the term we would look to add value to the property which means you the landlord will benefit from potential capital appreciation by the end of the duration of the term. Below is the different options on how we COULD be a solution to your vacant property problem.
We Source housing for Supported Living Companies. These companies would rent your property from you on a GUARANTEE RENT for a long-term tenancy, dealing with the tenants, maintenance and bills for the property throughout the duration. They work along with the council & government to house vulnerable tenant groups and provide secure housing for them. They would always have at least 1 staff member in the property to ensure all tenants are being looked after. The tenant’s groups vary between a wide range from 16-25 young adults to the elderly. They only look for large houses usually 4 bedrooms upwards and are registered and verified by the CQC which is the professional body for supported living. These companies are funded by the government, which is why they can provide GUARANTEED RENT and, on most cases, can match your asking price.
We source properties for companies who would use the property for sharers. In most cases the sharers would be local working professionals. All the companies we work with are vetted, have years of trading history and will provide a GUARANTEE RENT over a long-term tenancy, which includes: Dealing with tenants, maintenance and bills. They would rent your property then rent each room out individually to their professional sharers on their database. The owners of the company would usually act as a guarantor on the tenancy to protect any incidence regarding the company that your rent will still be paid throughout. Due to the fact these properties will be for sharers they will look at 3 bedrooms if it has 2 reception rooms but usually 4 bedrooms and above.
We source property for guarantee rent companies. These companies specialise in smaller properties, flats or houses ranging from studio apartments to 4-bedroom houses. They would rent the property from you and depending on your request or their demand in the area they can either house a family in the property or professional sharers. This is a good option for those only wanting a family in the property. To be VERY transparent, because these companies are offering a guarantee rent which includes: Dealing with the tenants, maintenance and bills, they would look to get a lower rate on the rent in the return they are providing you extra security on your income. They can take any property for 1 year up to 5 years depending on what is best for you.
We have DIRECT partnerships with Lewisham, Lambeth, Sutton, Greenwich & Hounslow council, if your property does fall into the category that they can take on your property, they would offer a tenants find service – Which means they would arrange a property inspection (usually within 48 hours), Then they would look at their housing list to find the most suitable tenant for your property. It will usually be on a 1-year term and look to renew year by year. The tenants are usually professionals (Working families or single mothers, sometimes the individuals can be on DSS but your rent would come via the council directly). The council will pay competitive rate for your property. This option does come with a cash incentive paid to you the landlord!!
The property mortgage must be a buy to let policy or permission granted to let.
Permission being granted can depend on a number of criteria items.
There is also a strict criteria on the rental income to cover your mortgage repayments.
Ensure your freeholder or property management does not prevent you from renting the property in the deeds.
Buy to let insurance is required to cover the liability of the tenants.
If you would like a quote or looking to rent your property please click the "Rent your property" button, fill out the form and one of our agents will get in touch within 24 hours!
