Advanced Rent Option

What is the Advanced Rent Option (ARO)?

ARO is a quality full management service that includes a year’s rent upfront at no extra cost. ARO is available for new and existing tenancies provided the property is compliant and the tenants pass a professional referencing check.

The ARO is changing the way investors and landlords are looking at their investments and is a huge game changer for anyone with a buy-to-let property. ARO offers Landlords the ultimate in terms of peace of mind, flexibility and financial freedom.

The owners of Goldsmith Property have been letting property in Bristol for over 20 years, so you can rest assured that when you choose an ARO through us you and your property are in safe and experienced hands.

How it works

As a member of the ARO network, we use their proprietary Primary TenancyTM️ business model to pay you a year’s rent in advance, less our standard fees and charges. The rent is then collected monthly from the tenants in the property. Practically speaking and in other respects the ARO is similar to our conventional Full Management Service.

Assuming there is not already a tenant in residence, we will find you a quality tenant. Prior to move in we will ensure that the property is fully compliant and the tenant is professionally referenced and during the tenancy we will carry out all our normal duties as your managing agent. In the case of a new tenancy, we will transfer your funds less our agreed fees once the tenant has moved in and paid us their first month’s rent. If you have already have a tenant we will transfer your funds once we have completed our checks, established a new 12 month tenancy and received the first month’s rent.

Landlord Rent Guarantee

The ARO, like any conventional full Management service, is available with or without a rent guarantee. If you choose not to have the rent guarantee and our tenant does not pay us the full 12 months’ rent then you would be liable to repay the balance, or, we can collect it back from a new tenant at our discretion.

If you choose our Landlord Rent Guarantee and our tenant doesn’t pay their rent, you will not be liable to repay us the amount not collected, unless the tenant leaves the property mid tenancy and there is a void. In this event where the tenant leaves during the twelve-month contract, we would normally re-let your property with a new ARO for the new tenancy, minus the rent portion not paid back by the previous tenant on the original ARO tenancy.

Alternatively, if there is rent outstanding and you decide to go in another direction with your property, you will be liable to refund us the outstanding portion of advanced rent.

Calculate Advanced Rent
Calculate Advanced Rent

What costs are involved ?

  • ARO full management rate costs the equivalent of 16.5%+vat
  • Optional landlord rent guarantee: 3.75% of the annual rent
  • Set up costs depend on your needs and usually cover safety certificates, licenses, admin, referencing, professional inventory and deposit registration.

ILLUSTRATION

A simple illustration based on a £1200 per month rent for a new tenancy, including the optional Landlord Rent Guarantee ( A fully managed property does require a maintenance float for emergency works ) :

Rent @ £1200 per month – 12 months rent = £14400.00


LESS


Discounted rent ( equivalent to standard fees ) : £2376

Set up fees for new tenancy ( approx ) : £500


Landlord rent Guarantee 3.75 % : £540


Float for management : £450


NET PAYMENT AVAILABLE TO LANDLORD: £10,534


(Illustration only)

If you are interested in the ARO please start by calculating how much advanced rent you could receive, and we will be in touch with more information. Click the button below

What Advanced Rent clients say

‘We decided to go for ARO as it gave us a lot more peace of mind to get our rent up front for the year rather than monthly.’

Robert W, Landlord

‘I used the cash from the ARO to pay off my credit card bill and cover some refurbishment costs on my new house.’

Lauren E , Landlord

‘I used the upfront money from the ARO as a deposit for my next buy to let property in Manchester.’

Chris H, Landlord

When we heard about ARO we liked it but first we asked several agents if they did something similar and no one did, it really is a unique offer and so useful’

Emily A , Landlord

Contact us

If you’re interested in our property management service, or have any questions, please contact us on 0117 442 0644 or send us a message using the contact form.