There are hundreds of letting agents within Central London charging a minimum of 15% of your annual rental income for what should be a robust property service yet so many landlords are moving away from these professional services and taking matters into their own hands even though fully understanding the residential lettings market can be a mind field!
We are proud to be able to offer smart landlords the opportunity to retain their hard earned cash while still benefiting from a full professional service and guaranteed market value rental income. We also understand that your rental property is an enormous investment for you and your family and therefore the upkeep of this property is paramount and one we take very seriously!
Please see below the advantage of renting your property to us!
| Average Letting & Management (Let Only) | Average Letting & Management (Let & Managed) | Myrooms Guaranteed Rent Services | |
|---|---|---|---|
| Marketing & Advertising Property | |||
| Tenant Procurement | |||
| Landlord Paid via Standing Order | |||
| Regular Property Inspection | |||
| Maintenance & Repairs Calls | |||
| Tenants Eviction (1% Average) | |||
| Income During Void Periods | |||
| Income If the Tenant Payment Defaults | |||
| Rent Paid in Advance (Monthly/Quaterly) |
Here is an example of a one bedroom flat in London
| Average Letting & Management (Let Only) | Average Letting & Management (Let & Managed) | Myrooms Guaranteed Rent Services | |
|---|---|---|---|
| Rental Value / PCM | £2,000 (Asking Price) | £2,000 (Asking Price) | £1,800 |
| Rental Value / YEAR | £24,000 | £24,000 | £21,600 |
| Typical Voids (Over 12 Months) | £2,769 (6 Weeks) | £2,769 (6 Weeks) | £0 |
| Tenant Finding Fee & Contract Renewal | £630 (Every 6 Months) | £630 (Every 6 Months) | £0 |
| Yearly Management Comission | £1,680 (7% Including VAT) | £1,680 (7% Including VAT) | £0 |
| Deposit Protection | £125 | £0 | £0 |
| NET INCOME PCM | £1,769 | £1,464 | £1,800 |
| NET INCOME YEARLY | £18,166 | £17,571 | £21,600 |
