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How is InstaRent different compared to a traditional letting service?  - InstaRent

How is InstaRent different compared to a traditional letting service? 

It’s been a while since we first launched InstaRent in Birmingham; service that offers landlords the possibility to rent their properties in as little as 24 hours. We guarantee your rent with no voids and no fees, bringing more profit to your property investment.

The first question everybody asks us is: How much rent could I receive if I rent my property with you?

We use market intelligence to help you generate a bespoke quote based on the data you provide. Our system extracts and compares market rent from the biggest UK property websites. You can try this tool yourself on this link.

To give you a simple example, here’s an idea of how much you could be saving by using our guaranteed rent service:

Property maintenance costs InstaRent Average high street letting agents
Gross rent
11,760
12,000
Letting and management fees
0
12% (1,440)
Lost income due to void periods and other issues related to bad tenants
0
600
Insurance
0
200
Additional fees
0
350
What you earn
11,760
9,410

*Prices are indicative and based on market data collected from various sources listed at the bottom of this article.

As you can see from the above comparison, at the end of the day using our service will not only give you the safety and security of a guaranteed rental income, but also maximise your profits.

What happens after you’ve accepted a guaranteed rent offer?

Basically, once we’ve performed all security checks and discussed the details of our rental agreement with you, you’re all set to receiving your first rental payment. You will not need to wait for the property to be tenanted or marketed to tenants – we will take care of this process ourselves.

If your property is unfurnished, our in-house designers and photographers will take care of setting it up for new tenants. Once we’ve furnished your property, we will provide you with the professional photography of your unit and the possibility to purchase the furniture package used for the duration of our tenancy agreement.

We’ve also crafted a unique design for all properties that are rolled into our portfolio. We’ve done this because we want to provide a quality end-product to our clients. Below is an example of one of our portfolio units:

*We use our own furniture suppliers to ensure the quality and design of our units. We top that up with soft furnishings and design accents, and ultimately take professional pictures of your apartment before marketing it to suitable tenants.

If you are interested in exploring our guaranteed rent service, give us a call on +44 (0) 121 318 or send us an email on office@tudorsestates.co.uk.

Resources:

https://www.simplybusiness.co.uk/knowledge/articles/2017/01/letting-agent-fees-for-landlords-a-quick-start-guide/

http://www.arla.co.uk/media/1045728/letting-the-market-down-assessing-the-economic-impacts-of-the-proposed-ban-on-letting-agents-fees.pdf

http://www.arla.co.uk/media/1045477/tenant-fees-research-report.pdf

https://www.ezytrac.co.uk/facts-void-periods-buy-let-investors-know/

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