One thing everyone should know is that it can involve a lot of work if you want to be a landlord. The number of different things to take care of can surprise people. For example they need to think about finding tenants, managing properties, licences, and more. It can all be a lot to handle. Luckily working with an agent can help. However, it is not the only option. Finefair Ltd, the top name for letting to councils Havering has, can help clients to choose an alternative.
Councils are usually looking for properties
While lots of landlords don’t know it, most councils across the UK are on the lookout for properties they can use. Many of them have a big challenge to provide enough social housing. Sadly building it can take time and there are issues with funds and the availability of land. In a lot of cases they need to find property owners they can work with. This can give you an interesting opportunity.
Lots of local councils actually have schemes to encourage landlords to work with them. Each scheme will usually involve letting them take over the property for a period of time. During this period they can house people on their social housing list in the property. This is an agreement that can benefit everyone.
What are the advantages?
The most obvious advantage here is that the council will guarantee you receive a rental payment every single month. They will agree a fee to use your property. It will be included in the agreement so there will be no risk of you missing any payments. This is one of the safest ways to protect your income. As the top name for letting to councils Havering has, we can make sure you get the best assurances.
Another advantage is the council will ensure that properties aren’t empty for the long term. It is in their best interests to place tenants quickly. Luckily, most of them have long waiting lists so they have easy access to potential tenants. That should mean there is no long void period where a property is empty and not in use.
One of the biggest causes of stress and expense for landlords is property management. It can be a big job taking care of the regular upkeep and maintenance issues. Working with the council is very useful then because they will take care of this. You will get assurances that your property will come back to you in a good condition. The council will therefore foot the bill for all of the regular work to ensure this happens.
If you own a property and want to hold on to it for the long term for any reason, letting to the council can be a great option. It lets you retain ownership, avoid upkeep costs, and also earn a secure monthly income.
Choose letting to councils in Havering
Finefair Ltd is the perfect team to work with if you want this kind of service. We work with councils all over London, ensuring we know how each specific scheme works as well as what kind of properties the local authorities are looking for. This can ensure landlords get a smoother service.
We are happy to help people look at council letting to see if it is the right option for them. Clients can come to us to compare the agreements with what they could do by letting privately. We can look at costs, benefits, and everything else.
So, if you have any interest in letting to councils, Havering has nobody better to speak to. We can also offer great solutions in Boroughs across London.