GUARANTEED RENT | Revitalising a Neglected House and Securing Long-term Stability - Romford, Essex

We recently assisted a landlord whose property portfolio had been managed by a local agent for many years. Despite investing over £10k in redecorating the house just two years prior, the property was returned in poor condition by the outgoing tenant (via the previous managing agent), including:

- Stained Carpets and Damaged Walls:
Significant cosmetic damage that detracted from the property's appeal.

- Chipped Woodwork and Torn Flooring:
Wear and tear that required attention to restore the home's quality.

- Roof Leaks and Broken Fence Panels:
Structural issues needing urgent repair.

- Overgrown Garden:
Neglected outdoor space diminishing the property's overall presentation.

- Additional Defects:
Various other issues that needed addressing to make the property rentable again.

### Our Solutions:

1. Negotiation of Security Deposit Deductions:

   - We assisted the landlord (at no cost) in negotiating reasonable deductions from the security deposit of the outgoing tenant, ensuring that funds were available to cover part of the refurbishment costs.

2. Efficient Refurbishment:

   - Coordinated a light refurbishment of the entire property, including the garden, at highly competitive rates through our network of trusted contractors. This included:

     - Repainting Walls and Ceilings: Refreshing the property's interior to restore its appeal.

     - Repairing Woodwork and Flooring: Fixing chipped wood and replacing torn flooring.

     - Fixing Roof Leaks and Fence Panels: Addressing structural issues to ensure the property was safe and secure.

     - Landscaping the Garden: Revitalising the outdoor space to enhance curb appeal.

3. Increased Rental Income:

   - Successfully achieved a rental figure higher than that of the outgoing tenant, maximising the landlord's return on investment.

4. Long-term Tenancy Agreement:

   - Secured a long-term 5-year contract, guaranteeing:

     - No Void Periods: Continuous rental income with no gaps between tenants.

     - Guaranteed Rental Payments: Secure and consistent rental payments every month, even if the house was vacant.

5. Upgraded Insurance:

   - Arranged upgraded building insurance at competitive rates, providing the landlord with enhanced protection and peace of mind.

### Results:

- Restored Property Condition:
The comprehensive refurbishment restored the property's appeal and functionality, making it attractive to new tenants, and to potential buyers.

- Increased Revenue:
Higher rental income due to the improved condition of the property.

- Long-term Stability:
A 5-year contract ensuring no void periods and guaranteed rental payments.

- Enhanced Protection:
Upgraded building insurance offering better coverage at competitive rates.

The building is now home to a family who urgently needed a place to call their own.

This case study highlights our commitment to providing tailored solutions that not only address immediate challenges but also enhance the long-term profitability and stability of our clients' property investments.

We can do the same for you.   Get in touch to discuss further.