6 Reasons Why You Should Become a London Landlord
With an estimated population of 10.66 million people, London provides a great location for renting a room in London or even renting out your whole home. The city is famous for having expensive living costs and so people tend to opt towards flatsharing London properties and trying to rent rooms in London.
If you already own a property in this bustling city or are considering buying one, then we highly recommend that you think about becoming a landlord.
You may think that becoming a shared accommodation landlord is a lot of responsibility and added stress but fortunately there is a company that can take care of everything for you. London Shared is a company that both helps tenants to find rooms to let in London but also manages the properties for landlords. If you’d like to know more about what this company can do for you, keep reading our reasons why you should become a London landlord.
Property Valuation
London Shared offer excellent property valuation based on the location, size and conditions of your home. They’ll give you an offer based on their findings and you’ll be guaranteed that this valuation will be in line with other companies that might value your home and could even be a little higher than market rates on rooms to rent in London.
Rent Payment
The amazing thing about this company is that you don’t have to pay them for their service. They pay you the rent from their account and they then collect it from the tenants. This means that you don’t need to worry about the tenants missing their payments because London Shared has you covered. This company is your tenant as soon as they start the contract, so they will keep paying you while they advertise the room in London.
Regular Updates
Once you’ve handed over the keys to your London rooms to rent, you will be regularly updated on the condition of the property. London Shared will inspect the property every six months and they will send you photos so that you can be assured that your home is in good hands.
Trust
London Shared care about your property and they won’t just give the room in your property to any old tenant that is on a search to find out which spare rooms London has to offer. They’ll do the necessary background checks to ensure that they can be trusted to look after your home.
Maintenance
Although you’ll need to cover the cost of anything that needs repaired, London Shared will sort everything out for you and make sure that you get a fair quote before going ahead with any maintenance.
Financial Benefits
It is likely that you will make a lot of money if you add your property to the room to let London market. If you are considering going ahead with then make sure to check out the rent prices in London and you’ll love finding out that you could be making a lot of extra money!