Rent Guarantee for Cardiff Local Housing Allowance & Housing Benefit Tenants
Most landlords will run a mile at the mention of Local Housing Allowance (LHA) rates and tenants on Housing Benefit (HB) and insurance companies just aren’t happy with the risk of providing rent guarantee insurance to this tenant demographic, but guess what at Rent Guarantee Cardiff we are more happy to provide landlords across Cardiff and South Wales a guaranteed rental income for a period of 3 years or more!
Yes, I will say it again, we will provide landlords across Cardiff and South Wales a guaranteed rental income for 3 or more years, with no set up costs, no managements fees or void periods even if your property is located in a predominately LHA area and only like to attract tenants on Housing Benefit!
This gets better as well! We can provide Cardiff landlords and property investors across South Wales with up to 90% of the open market rent each month on the same day, with no void periods, no council claw backs and no tenant interaction, what a dream!
Could renting your property get any better? We yes it can! On top of guaranteeing your rent for a period of 3 years or more, with no management fees or void periods we can also provide at least a 20% increase on your rental income over the 3 year period compared to a standard letting agent charging 10% management fees and 50% of the first month’s rent as a tenant find service. Take a look for yourself:
| TRADITIONAL LETTING AGENT | RENT GUARANTEE CARDIFF | |||
| Rent Agreed | £650.00 | £585.00 | ||
| – Agency Fee | 10% + VAT | £78.00 | £0.00 | |
| – Guaranteed Rent Insurance | 1.9% + VAT | £14.82 | £0.00 | |
| Net Rent to Landlord | Rent After Monthly Fees | £557.18 | £585.00 | |
| 3 Year Period | Net Rent x 36 Months | £20,058.48 | £21,060.00 | |
| – Tenant Find & Set Up Fees | 50% 1ST Months’ Rent + VAT (Assumes 3 Tenancies) | £1,170.00 | £0.00 | |
| – Typical Void Periods Over 3 Years | 2 Months Out Of 36 | £1,114.36 | £0.00 | |
| – Inventory Costs | Sign In & Out £150+ VAT (Assumes 3 Tenancies) | £540.00 | £0.00 | |
| Total Rent Received | By Landlord Over 3 Years | £17,234.12 | £21,060.00 | |
| Average Monthly Rent | Total rent Divided By 36 | £478.73 | £585.00 | |
| Extra earned renting with us | £3,825.88 | |||
| Extra Average Monthly Rent Earned With Us | £106.27 | |||
| Increase in rental income using our rent guarantee | 22.20% | |||
So let’s recap:
- Yes, we will guarantee to pay you rent even if you property is in a predominately LHA area and likely to only attract tenants on Housing Benefit
- You will not have to put your hand in your pocket to pay any set up fees, tenant finder fees or management costs
- We guarantee you no void periods for the full 3 year term and will even cover any legal fees if we need to evict tenants
- We guarantee you will have no interaction from the tenant regarding maintenance issues, we take care of that
- Here’s the good bit again, we can offer up to 90% of the open market rent through our rent guarantee scheme
- One more thing, we can increase your rental income by at least 20% if you are using a traditional letting agent
So if you are a Cardiff Landlord or South Wales property investor with a property either vacant now or with a tenancy coming up for renewal and the property is a Local Housing Allowance area and only likely to attract Housing Benefit tenants, why not contact us today and make your life a whole lot simpler
Rent Guarantee Cardiff 