How does it work?
365 Property Rental effectively become your tenant, guaranteeing you a fixed rental income. We then sub-let the property on an Assured Shorthold Tenancy (AST). Regardless of whether the property is empty or the tenant stops paying rent, you will continue to receive the agreed rent regardless, unless the property is rendered uninhabitable. As such, it is in our interests to find the best possible tenant. We will even deal with damages at the end of the tenancy, subject to a maximum value equivalent to 6 weeks rent. Additionally, our legal team will deal with any breaches of the AST at no cost to you.
What types of property does 365 Property Rental work with?
Our business model is that we offer high quality, comfortable accommodation for long and short term stays for professionals. This means we can consider almost any property, in any location, in any condition. We really love houses with 3 or more bedrooms, but we also have a portfolio of 1 and 2 bedroom flats in the network. The best way to find out if we can work with your home is to give us a call.
Does 365 Property Rental furnish my property?
Yes. We do consider furnished property, part furnished and unfurnished. Because we finish all 365 Property Rental homes to such a high standard for our professional residents the existing furniture in your property may not be suitable –maybe you have rented to students previously for example.
Does 365 Property Rental pay a deposit?
No. We do not pay you a deposit. When we get a new property ready to let we take carry out a light refurbishment if needed, repair fixtures and fittings and dress the property to a very high standard. During the term we maintain this level of finish and keep on top of all the little jobs. What this means is that we give you back your property at the end of our agreement in a better condition than we took it from you. Our landlords prefer to opt for this high level of guaranteed quality instead of a deposit scheme.
Which areas of the UK do you currently take properties?
The 365 Property Rental network covers the whole of the UK. We have experienced and qualified property managers throughout the UK working as network partners for us. This means we can consider property in any location.
What are your fees?
There are NO FEES! We do not charge you any monthly commissions and there are no hidden charges further down the track. Our main income is from our Professional clients who pay us to find high quality accommodation for them.
How do I know my home won’t get damaged?
We only work with professional working residents. Often their employer houses the residents, so the care of the property and their behavior is linked to their employment terms and conditions. We do not allow large families, pets or children. We regularly inspect the property and we have a weekly cleaner that visits and if needed a gardener will visit to keep everything in tiptop condition.
Will I have to deal with tenants and problems?
No. Once the management agreement is signed we deal with everything. You will simply receive your rent every month. No phone calls, no problems, no headaches.
Will I have to be involved at all once the agreement is signed?
We take the hassle out of being a landlord. You will not need to be involved at all, no missing rent, no vacant periods, no tenant management issues – just guaranteed rent and peace of mind. We take care of all of the landlord responsibilities too such as gas safety certificates, PAT testing, EPC, fire safety and heat/smoke/carbon monoxide alarms.
What if an 365 Property Rental client doesn’t pay will I still get my rent?
In reality this rarely happens but the answer is yes. We do what it says on the tin. We guarantee your rent every month regardless of our clients’ position.
Would you consider taking on multiple houses from my portfolio?
Yes we certainly would. We follow the same processes for 1 house or 100 houses so provided all of the properties you suggest meet our criteria we would happily offer you a hassle free service just the same.
What if my circumstances change and I want the house back before the agreement ends?
We understand circumstances change. Although we aim to complete all our agreements should you need to end it sooner than agreed all we would ask is that you give us a fair and reasonable timeframe to find our residents alternative accommodation. If we have invested money into your home to upgrade it then there may be a percentage of that cost that you will have to refund back to us. This is all clearly explained in our management agreement.