No Voids, No Stress: Why Landlords in the North Are Switching to Guaranteed Rent
TL;DR
Guaranteed rent schemes eliminate voids and arrears, giving landlords in Yorkshire, Manchester, and the North consistent income without the hassle of traditional lettings.
What’s in This Article:
- Why rental voids are costing Northern landlords thousands
- How guaranteed rent protects your income year-round
- The stress-free alternative to traditional property management
- Real benefits landlords are experiencing across the North
- How to get started with Citywide Housing’s Guaranteed Rent Scheme
The Hidden Cost of Rental Voids
Rental voids are every landlord’s nightmare. A single month without tenants can wipe out your profit margin for the entire year. In cities like Manchester, Leeds, and Sheffield, landlords face increasing competition and tenant turnover. The result? Empty properties, lost income, and mounting stress.
Traditional lettings come with unpredictable gaps between tenants. You might achieve higher market rent, but those void periods quickly erode your annual returns. Add in the risk of rent arrears, and your investment becomes a financial gamble rather than a reliable income stream.
Ready to eliminate voids from your rental strategy? Contact Citywide Housing today for a free consultation.
What Is Guaranteed Rent?
Guaranteed rent is a landlord’s safety net. Instead of chasing tenants and worrying about empty properties, you receive consistent monthly payments directly from a management company. Citywide Housing takes on the responsibility of finding tenants, handling maintenance, and ensuring compliance—all while paying you on time, every time.
This model works particularly well in the North of England. With strong government housing demand across Yorkshire, Greater Manchester, and Lancashire, Citywide Housing secures reliable occupancy rates that traditional lettings simply cannot match.
The benefits extend beyond just financial security. You avoid the administrative burden of tenant screening, rent collection, and property inspections. Your investment becomes truly passive.
Why Northern Landlords Are Making the Switch
Landlords across the North are recognizing the advantages of guaranteed rent. The combination of consistent income and professional management removes the typical pain points of property ownership.
Consider the typical scenario with traditional lettings. You spend weeks advertising your property, vetting potential tenants, and negotiating terms. Then, after a year or two, your tenant moves out. The cycle repeats, and each transition costs you money and time.
With guaranteed rent, Citywide Housing handles everything. They work with government housing demand, which means your property stays occupied. You receive payment whether the property has tenants or not. The risk transfers from you to the management company.
Want to see how much you could earn with guaranteed rent? Get your personalized quote now.
The Numbers Don’t Lie
Traditional landlords in the North typically experience void periods of four to eight weeks annually. On a property renting for £800 per month, that represents £800 to £1,600 in lost income—before accounting for marketing costs and maintenance during vacancy.
Guaranteed rent eliminates this equation entirely. You know exactly what you’ll earn over the next year. This predictability makes financial planning significantly easier, whether you’re managing a single property or building a portfolio.
Moreover, you avoid the hidden costs of traditional lettings. No letting agent fees, no advertising expenses, and no legal costs for tenant disputes. Citywide Housing’s comprehensive management covers all these elements within their service.
Making the Transition Simple
Switching to guaranteed rent is straightforward. Citywide Housing assesses your property, provides a rental valuation based on current market conditions and government housing demand, and offers a guaranteed monthly payment. Once you accept, they handle everything else.
The process typically takes less than two weeks from initial contact to receiving your first payment. You maintain ownership of your property while enjoying the benefits of professional management and consistent income.
Properties across Yorkshire & Humberside, Greater Manchester, Lancashire, North East England, Merseyside, and the Midlands are ideal candidates for this scheme. Whether you own a family home, an HMO, or a block of flats, guaranteed rent provides the stability you need.
Stop worrying about voids and arrears. Schedule your property assessment with Citywide Housing today.
Frequently Asked Questions
Q: Is guaranteed rent lower than market rent?
A: Guaranteed rent may be slightly lower than peak market rates, but you eliminate voids and arrears. Over a full year, most landlords earn more with guaranteed rent than they would with traditional lettings after accounting for void periods and associated costs.
Q: What types of properties qualify for guaranteed rent?
A: Citywide Housing works with family homes, HMOs with four to eight bedrooms, and flats or blocks of flats across the North of England. Properties must meet basic safety and habitability standards.
Q: How long are guaranteed rent agreements?
A: Agreements typically run for three to five years, providing long-term income stability. Terms are flexible based on your needs and property circumstances.
Q: Do I remain the property owner?
A: Yes, you retain full ownership. Citywide Housing leases the property and manages it on your behalf while guaranteeing your rental income.
Q: What happens if the property needs repairs?
A: Citywide Housing handles all property management responsibilities, including routine maintenance and repairs. This is included in their comprehensive service, making your investment truly hands-off.
FAQs about Guaranteed Rent Schemes
What types of properties are eligible for a guaranteed rent scheme?
Most residential properties are eligible, including family homes, HMOs, and blocks of flats. Citywide Housing works with landlords to determine eligibility and offers comprehensive property assessments
Learn more about guaranteed rent scheme property types
Will my property still be maintained under this scheme?
Yes. Citywide Housing handles all property management aspects, including maintenance and tenant requests, so your property remains in excellent condition.
How does guaranteed rent affect my role as a landlord?
With guaranteed rent, your role is simplified. Citywide Housing takes on all tenant and property management responsibilities, allowing you to enjoy steady income without daily involvement.
What happens if there is damage to my property?
Our management service includes regular property assessments to address any maintenance or repairs as needed, keeping your investment protected.
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