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Get 6 months rent upfront, every 6 months
Being a landlord can be challenging. You want to find tenants who will pay rent on time and take care of the property, but this isn’t always an easy feat. Even once you’ve found great prospective tenants, you still need to complete paperwork and vet them for things like credit score and past rental history
As with any risk management strategy, taking rent in advance can be a great way to guarantee your income however not all tenants will agree to pay a large chunk of their rent upfront. Not only this but there are strict rules around how this money must be handled.
Advanced Rents, Rent In advance service is designed to provide you with a lump sum upfront without the regulatory burden that comes with taking rent upfront from your tenants.
With Rent In Advance you can:
Increase your portfolio
Rent in advance provides you with a large amount of cash upfront allowing you to fund the expansion of your property portfolio
Go on a long overdue holiday
Stop waiitng for your rent to be received from your tenants. Our service pays you a lump upfront allowing you to go on an overdue holiday
Take a step back from manaing your portfolio.
The freedom from chasing rent and the associated administrative burden give you more time to do whats important to you.
How does it work?
Rent In advance is a premium managed service that pays you the first six months of your rent, minus a small fee on the first day of the tenancy. We then collect the rent from the tenant each month.
If your tenant stops paying rent, our expert team are on hand to manage the arrears and will attempt to get the tenant back on track. If that fails, we also manage the eviction case for you – all while paying you the rent on time.
With Rent In Advance, you’ll also enjoy all the benefits of Rent Guarantee Insurance, offering additional peace of mind.
