Deciding what services to choose when you are a landlord can be tricky. There is a lot to think about, including the workload, costs, and potential issues. Luckily, there are some very easy options. One is to let with a local council. It can require less work and provide lots of benefits. As one of the top experts in this field, Finefair Ltd can help people to look at the schemes. We have a reputation as the best source of info about letting to councils Harrow and other London boroughs have.
An easier workload
One of the biggest advantages of letting with a council instead of privately is the smaller workload. You can save yourself a great deal of time here because you won’t need to look for tenants, manage tenancies, or take care of things like property maintenance. The council will do all of this for you.
A lot of landlords can struggle to put in the time they need to. It can be especially difficult for them if they have a full time job as well. An agreement with a council can be really helpful, meaning they don’t need to dedicate any time to it.
Council letting is also a better option for your bank balance. There shouldn’t be any costs associated with the agreement. The council should take care of the management and maintenance so you don’t need to pay for it. You should not need a licence either as they are the ones looking after the property.
While the rent you receive may be lower than what you could achieve privately, the savings on costs can more than balance it out. You also get the extra security and assurances.
Choosing a scheme
One of the things that makes us the top name for letting to councils Harrow has is we understand the schemes. We work with local authorities all over London. As a result we have a very good understanding of what they tend to include.
Usually a scheme will be the same basic agreement. What you do is hand your property over to the local council so they can place tenants in it. You will remain the owner but will no longer have the ability to decide on who lives in the property. The council will give you an assurance that they will return the property to you in the same condition.
The agreements can vary in terms of how long they last. Some will be short term and need to be renewed every few years. Others can be longer. It gives you more flexibility.
The schemes can also be different in terms of the rent you earn. The rates can vary greatly depending on the area. This is natural, especially in London. However, what you will usually find is the rate is a healthy one.
It is also a good idea to look into what kind of properties councils are looking for. You may not be able to find an agreement if you don’t have these assets. Most local authorities want homes with 2 or 3 bedrooms.
Learn more about letting to councils in Harrow
Finefair Ltd is a really great team to have on your side. We appreciate the stress and issues landlords can have. Our goal is to make it much easier for them. One way to do this is to choose the assurances and rental guarantees that come from working with a local council.
We work with new landlords as well as existing ones. Whatever the situation, we strive to offer the same high quality services. This is why we are the best name for letting to councils Harrow has. You can contact us if you have any questions or if you need advice.