What is a Guaranteed Rent Scheme and Is It Right for You?
November 2, 2024
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TL;DR
HMOs in Burnley are in demand, but frequent tenant turnover, compliance requirements, and hidden costs make them hard to manage profitably. This guide explains how Citywide Housing’s guaranteed rent scheme ensures consistent monthly income and stress-free management for Burnley HMO landlords.
What’s in This Article:
Why Burnley HMOs Remain Popular
Burnley’s affordability and strong rental demand, especially among students and young professionals, make HMOs an attractive investment. Shared housing is often the most practical choice for renters, driving consistent demand across the town.
But demand doesn’t guarantee hassle-free income.
Challenges Facing HMO Landlords in Burnley
Burnley HMO landlords often struggle with:
- Voids when rooms sit empty, even briefly.
- High tenant turnover, leading to constant advertising and admin.
- Arrears when tenants fall behind on payments.
- Compliance with HMO licensing, fire safety, and inspections.
- Maintenance costs that cut into profits.
How Guaranteed Rent Works for Burnley HMOs
Citywide Housing offers HMO landlords in Burnley a simple solution: we lease your property for 3–5 years and guarantee monthly rent. Even if some rooms are empty or tenants default, you still get paid.
We also ensure your property meets all compliance and licensing standards.
This means you enjoy income without the stress.
How Our Guaranteed Rent Scheme Works
Step 1: Get in Touch
Contact us today by phone or complete our online form to schedule a free, no-obligation property consultation.
Step 2: Property Assessment
We’ll visit your property to assess its condition, provide recommendations for any necessary improvements, and ensure it meets all required standards.
Step 3: Compliance & Handover
We manage the entire compliance process, carry out any necessary repairs, and arrange for an inventory check before officially handing over the property.
Step 4: Consistent Rent Begins
Once everything is in place, we take care of the property management, and you’ll start receiving consistent rent every month.
Why Guaranteed Rent is Perfect for Burnley Property Investors
Burnley is a thriving city with a strong rental market. However, like many areas in the UK, landlords often face the challenges of tenant turnover, property voids, and late payments. By partnering with Citywide Housing, you gain the peace of mind of knowing that you will receive a consistent, hassle-free income.
How Citywide Housing Group Supports Landlords
At Citywide Housing Group, we specialise in helping landlords secure guaranteed income with long-term leases. Our approach ensures:
Full Property Management: From tenant management to maintenance, we take care of everything so you don’t have to.
Compliance and Legal Support: We ensure that all your properties meet legal requirements and comply with housing standards.
No Hidden Fees: We believe in transparency, with no surprise costs—what we agree on is what you get.
Local Expertise: Our team is familiar with the Burnley housing market, ensuring you get the best returns for your property.
FAQs About Guaranteed Rent for Rochdale Landlords
Our leases typically last between 3 to 5 years, offering landlords long-term stability.
Even if your property is vacant, you will still receive guaranteed rent payments.
Yes, you can sell your property at any time, but your guaranteed rent payments will continue until the end of the lease agreement.
Contact us for a free property assessment and see how our guaranteed rent scheme can benefit your Rochdale property.
How to Get Started with Citywide Housing Group
If you’re ready to secure fixed, reliable income with no voids or arrears, it’s time to join the growing number of landlords in Burnley benefiting from guaranteed rent schemes.
Contact Citywide Housing Group today to schedule your free property assessment and discover how we can help you unlock the potential of your property.
For more information, visit Citywide Housing or call us at 0113 323 0678.
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