FAQs Archive - Goldsmith Property

How does the Guaranteed Rent work ?

We effectively become your tenant through a management agreement. Under this agreement we guarantee you a fixed rental income regardless of whether the property is empty or the tenant stops paying. We then let the property out on a room by room basis, taking great care to select the right kind of tenants. If they [...]

By |2016-05-15T14:53:12+01:00May 15th, 2016|0 Comments

Who are Goldsmith Property and why should I trust you?

Goldsmith Property is owned and managed by Ben and Zina Goldsmith. We have been landlords for over 15 years, and after working and travelling abroad for many years returned to the UK in 2013 to focus on property investment full time. Over the following couple of years we built a portfolio of 21 properties and [...]

By |2016-05-15T14:53:21+01:00May 15th, 2016|Comments Off on Who are Goldsmith Property and why should I trust you?

What are the benefits of Guaranteed Rent for landlords?

The benefits to you are quite simple, you never have another rental void period for the duration of our agreement and you do not have to deal with any tenant issues. This means that your property provides hands-free income and you can spend time focusing on other priorities knowing that we are dealing with the [...]

By |2016-05-15T14:54:33+01:00May 15th, 2016|Comments Off on What are the benefits of Guaranteed Rent for landlords?

What if you cannot find tenants for the property ?

The short answer to this question is that it does not matter to you, you still get the rent we have guaranteed you. It is our responsibility to find tenants, and if we do not then we take the financial burden of not doing so.

By |2016-05-15T14:56:41+01:00May 15th, 2016|Comments Off on What if you cannot find tenants for the property ?

How long will you guarantee the rent for ?

We like to agree to between 3 and 5 year guaranteed rent agreements, but we can start with as little as 12 months in order to build trust between us. On the longer agreements we can also insert a break clause in case circumstances change.

By |2016-05-15T14:55:54+01:00May 15th, 2016|Comments Off on How long will you guarantee the rent for ?

How will I get paid ?

Your rent will be paid directly into your bank monthly by standing order. No management fees are payable, so you receive all of this guaranteed rent.

By |2016-05-15T14:57:16+01:00May 15th, 2016|Comments Off on How will I get paid ?

What bills am I responsible for ?

As part of our guaranteed rent agreement, we take on the responsibility for all of the utility bills associated with the property. This means that we pay for council tax, gas, water, electricity, TV license and internet connection. You no longer have to deal with these utility companies !

By |2016-05-15T14:57:40+01:00May 15th, 2016|Comments Off on What bills am I responsible for ?

Aren’t there fire and safety regulations that you need to meet to have a shared house ?

HMOs (shared houses) are subject to higher standards of fire and safety regulations than normal rental properties. We will make sure that the property meets all of the regulatory requirements, and arrange for the Council to attend and sign off on the property if necessary.

By |2016-05-15T14:58:06+01:00May 15th, 2016|Comments Off on Aren’t there fire and safety regulations that you need to meet to have a shared house ?

Who will pay for any improvements made to the property ?

When we come to look at your property we will identify any safety and finishing upgrades that are required to make the property as attractive to tenants as possible and meet the relevant regulations. Obviously all upgrades to the property will be discussed and agreed with you. In some cases we have jointly paid for [...]

By |2016-05-15T15:00:25+01:00May 15th, 2016|Comments Off on Who will pay for any improvements made to the property ?

Who pays for maintenance costs ?

In order to make our management of your property as hands-free as possible and ensure that you receive your guaranteed rent we will agree to cover minor maintenance costs in the property. This means that any repair costing £100 or less will be covered by Goldsmith Property. More expensive maintenance and repair issues will remain [...]

By |2016-05-15T15:00:49+01:00May 15th, 2016|Comments Off on Who pays for maintenance costs ?
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