Financial Sustainability: Is Guaranteed Rent a Long-Term Option in London

Financial Sustainability: Is Guaranteed Rent a Long-Term Option in London?

If you own property in London, then you’ll no doubt be looking for a long-term, sustainable way to make the best return on your income. While there are many types of rent contracts you could set up, we believe that a guaranteed rent in London is one of the best long-term arrangements you could make, and today we’d like to talk about why.Optimising Your Profit MarginsOne of the biggest challenges for London-based rental properties is optimisation. The value of property varies a lot from area to area in London, based on the local needs. This can change even more over time as the needs of businesses shift.For example, a year or two ago, many London property owners were expecting the value of central London properties to go down, reflecting the move from office-based work to remote work. Now, the opposite is happening, as many companies are returning to the in-person model.All of this to say that, when you add local factors into the mix, the London property market is an ever-changing beast, and keeping ahead of it can feel like a full-time job.Enter guaranteed rent. With a guaranteed rent contract, you’ll have a property manager, a company that’s invested in ensuring that you get the best possible prices. Instead of you having to do all the research, they can take care of that. For their part, the benefit comes from working with many homeowners, making all that time spent tracking the market worthwhile.No InstabilityIt’s also important to stress just how unstable some traditional rent contracts can be. If a tenant fails to pay rent, that can seriously impact your bottom line, causing several knock-on effects that will cost you more in both time and money.A guaranteed rent contract sidesteps that problem entirely. Instead of relying on the tenant, you rely on the property manager, who will pay you a consistent, predictable income for the length of the contract.Guaranteed Rent with SparemoveHere at Sparemove, we’re an experienced guaranteed rent provider in the London area. We know the city inside and out, and we’re experts at maximising value for money on the properties we manage.If you’d like to learn more about how you could get guaranteed rent in London with Sparemove then call +442033756161 or email us at info@sparemove.com.

The Rise of Co-Living Spaces, What Landlords Need to Know

As housing demands shift and urban living evolves, co-living has become a growing trend across London and other major UK cities. Designed to meet the lifestyle preferences of young professionals and remote workers, co-living spaces offer a blend of private living areas with shared amenities, such as kitchens, lounges and workspaces, all under one roof.For landlords, this presents both an exciting opportunity and a few important considerations. If you’re looking to adapt to changing tenant expectations while maximising the return on your property, co-living could be the answer, especially when paired with a guaranteed rent scheme.What is Co-Living?Co-living involves renting out private rooms in a shared building, usually with communal areas and inclusive bills. It’s more than just a traditional house share. Co-living prioritises community, convenience and flexibility. These setups are particularly popular with millennials, freelancers, and digital nomads who want to live in a social properly, close to the city centre.Why is Co-Living Becoming So Popular?Several factors have contributed to the rise of co-living:Affordability: With rental prices high in most cities, tenants are looking for budget-friendly alternatives. Choosing a co-living property can mean cheaper rent prices.Flexibility: Co-living often offers short-term lets and inclusive costs, appealing to people who are just moving through, or those relocating for work.Lifestyle Fit: Many tenants want to live somewhere social, where they will meet likeminded housemates, particularly after the isolation brought on by remote work and the pandemic.What This Means for LandlordsIf you own a multi-room property or are considering converting a home into a House in Multiple Occupation (HMO), co-living could open the door to higher rental yields. However, it also requires proper planning and management. Things to consider include:Ensuring the property meets all safety and licensing requirementsInvesting in appealing, modern shared spacesManaging multiple tenancies, often with staggered move-in datesThis is where a guaranteed rent model becomes so useful. Teaming up with a property partner like SpareMove takes the hassle out of managing your rental, and you’ll still get paid on time, even if the property’s empty or tenants change.The Role of Guaranteed Rent in Co-Living SuccessLooking after a co-living property on your own can quickly become overwhelming. There’s a lot to juggle, from finding the right tenants to handling repairs and staying on top of regulations. That’s where guaranteed rent comes in. By working with Sparemove, you can hand over the day-to-day running of the property and still enjoy a steady, stress-free income every month.Because co-living often means tenants coming and going more frequently, keeping rooms filled can be a challenge. But with a guaranteed rent agreement, you’re covered, even if a room is empty, your payments don’t stop. It’s a simple way to protect your income and avoid the usual worries about gaps between tenancies.On top of that, letting your property through a guaranteed rent scheme helps maintain high standards for everyone living there. Tenants get a well-managed home, and you get fewer headaches from complaints; it’s a win-win.Final ThoughtsCo-living is really changing the way people rent in cities, and landlords have a great opportunity to benefit from this growing trend. Whether you’re already letting out an HMO or thinking about converting a property, going down the co-living route, especially with the support of a guaranteed rent scheme, is a clever way to secure your income for the future.If you’re keen to boost your rental earnings without all the usual stress, get in touch with Sparemove today. We’ll show you how our guaranteed rent service can make your co-living journey simple and hassle-free.

The London Landlord Survival Guide

If you’re just taking your first steps into being a London landlord, then you may be feeling a little daunted about the challenges ahead. Will your tenants cause you problems? Will you be able to make a profit given the costs of upkeep and insurance? How can you be sure that you’re charging a reasonable, market-driven price? At Sparemove, we believe that the answer to all of these questions is guaranteed rent. That’s why, in this blog, we’ll be breaking down some of the biggest challenges London landlords face and why a London guaranteed rent contract could help. Managing The Market For those looking to rent out property, particularly those based in London, knowing how much to charge can be a constant headache. First of all you have to know the market. That means many hours of research into what other landlords are charging for similar properties. You’ll need to compare for size, location, number of bedrooms, and cost of utilities (if any utilities are included at all that is). Once you’ve come to a reasonable range, you’ll then need to calculate how much profit you’ll make relative to the work you put in. You might think you’re done there but actually that’s only the beginning. Markets change a lot and, over the course of a 12 month contract, the relative value of your property will fluctuate. In practice that means you’ll have to do all this work again once a year. Alternatively, you could get a guaranteed rent contract. Here at Sparemove, we’re always keeping up to date on the local London markets, doing all that research so that you don’t have to. Just think of all the time you’ll save. Counting The Costs It’s not just the market you’ll have to keep an eye on, either. Maintenance costs can be expensive and can involve a lot of difficult decision making. With every expense, you’ll have to factor that into your profit projections, making decisions about quality versus cost at every step of the way. At Sparemove, we can factor these costs into your contract upfront, meaning you’re at far less risk from unexpected expenses. Talking With Tenants Let’s face it - tenants versus landlords is a tale as old as time. When it comes to people’s homes, tensions can always run high. For landlords, handing their property over to a tenant means trusting that person to effectively look after a major life investment. One of the most common reasons why people choose to sell rather than rent is that they don’t want to deal with the drama that can come from tricky tenants. At Sparemove, we can provide full management, meaning that while we’re paying you your rent regularly and on time every month, we’ll work with the tenant to resolve issues and ensure that conflicts don’t spill over onto you. If you’re ready to start your journey as a London Landlord, then contact Sparemove today at +442033756161 or by emailing info@sparemove.com.

Tips For Finding the Perfect London Letting Agent

If you own property in London then guaranteed rent contracts are a must-have for effective management. A guaranteed rent contract not only simplifies the process - handing over much of the daily work to experienced management service - but it also ensures that you’ll have reliable and stable income from your property. With that said, you won’t want to jump into just any old contract. Instead, you’ll want to take the time to find the right letting agent. In this article, we’ll be discussing what makes for a good letting agent as well as how to find one that’s right for you. A Reliable Reputation Any time you’re hiring a company, you’ll want to check out their reputation online and find out what other customers have said about them. When it comes to letting agents you’ll want to go even further. After all, you’re trusting these people with an incredibly valuable asset and it’s only reasonable to want to ensure that you’re in safe hands. That’s why it’s always important to read up on them before signing anything and, if possible, you might even consider reaching out to people who’ve worked with them to ask about their experience directly. The Best Deal in Your Area There are lots of companies out there offering guaranteed rent contracts in London but not all of them can boast the same incredible value for money. Some will offer full management. Others won’t. Some will be willing to take on all the work of marketing your property while others will expect more input from you. Here at Sparemove, our services include all that and more, offering a fully comprehensive approach to property management. A Wealth of Local Knowledge When speaking to your letting agent for the first time, it’s also important to make sure they’re well-informed about the local area. A major part of your letting agent’s role is simply to price your property optimally to ensure that you’re making the best profits you can. Doing so requires a detailed knowledge of the local geography, economy, and demographics. It means being both experienced and up-to-date. Still looking for a first rate letting agent who can offer guaranteed rent in London? If so, then now’s the time to try Sparemove. Contact us today by emailing info@sparemove.com or calling us at +442033756161 and our team will be more than happy to discuss finding a plan that’s right for you.

Financial Sustainability: Is Guaranteed Rent a Long-Term Option in London?

Optimising Your Profit Margins

No Instability

Guaranteed Rent with Sparemove

Shared on social media

Comments

Latest Blogs

Financial Sustainability: Is Guaranteed Rent a Long-Term Option in London?

The Rise of Co-Living Spaces, What Landlords Need to Know

The London Landlord Survival Guide

Tips For Finding the Perfect London Letting Agent

Sparemove

Where to find us?

Social media links

Sparemove