Innovative New Rent Guarantee For Glasgow and Scotland

Innovative New Rent Guarantee For Glasgow and Scotland

The founder of one of Scotland's largest letting agencies has just come to market with an innovative new rent guarantee product that pays you every month on time without fail.

I'm sure we're all familiar with the traditional rent guarantee product:

  • you reference your tenant
  • if they're acceptable, you're accepted for a rent guarantee insurance
  • you pay a premium to "guarantee" your rent for 6 or 12 months. (This premium is in addition to any management fee you're paying.)
  • if your tenant stops paying, you make a claim and some weeks later you may or may not receive your rent.

What's wrong with that?

What's the problem with the old system, I hear you ask?

Well, what you're getting is just an insurance policy, which like any other you have to make claim on if your rent is not paid.  

Will all the other stuff you have to take care of as a landlord, this is a hassle.  

Now, add to that the possibility of the insurance company managing to wriggle out on a technicality.

Oh, and then there's the interruption to your cashflow while the claim is processed.

Suddenly it seems that there's a bit of room for improvement after all...

Building a better mousetrap

Well, it turns out that a certain Glasgow lettings industry veteran saw this opportunity to improve upon traditional rent guarantees and that's exactly what he did.

Not only that but he kind of went even further than anyone expected and added even more value.

So where, before we had a sort of tired looking banger, we now have more of a rocket ship, with hyperspace ability.

So, what did he do?

Well, here's a full rundown of the basic service:

  • rent paid out every month without fail, whether tenant is late or has paid their rent or not
  • managed rent collection and arrears
  • legal expenses cover-protection for defending legal action
  • manage eviction process and cover costs
  • 75% rent paid for two whole months after eviction
  • full tenant referencing

And it doesn't stop there, you even get up to 5 free emergency call outs a year for water/electrical/gas emergencies.

A stellar price for a stellar product?

When I heard all of these features, I wanted it but I thought there's no way this is going to be cheap... or even affordable for that matter.

Well, amazingly, the price is currently set at a very modest 10% for full management and that *includes* your fancy new cutting-edge rent guarantee.

All I can say is get in touch and grab this before they come to their senses and put the price up!

What about the hyperspace drive?

OK, this is the really crazy bit.

I'm not even sure if I'm allowed to talk about this yet because he was telling me about this in hushed tones but as I'm naming no names here, it's probably OK.

If you are using this service and you happen to need a bit of a cash advance... say for that irresistible business deal or a new property for your portfolio, then they will pay you up to 6 to 8 months rent (less management fees) in one payment!

So, imagine you had 20 properties at £750 rent per month and wanted to release 8 months rent on five of them:

£750 x 8 x 5 = £30,000

Now that's certainly not something I've heard a rent guarantee do before!

Get a quote!

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Comments: Let me know what you think!

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