Khalil: How secure is your rental income?
We are all very careful about the checks we make on new tenants. After all, rent arrears can be a pain to deal with and a serious clog in your capital flow.
When letting to a new tenant these series’ of checks usually cover their work status and income. They offer some peace of mind that you will receive your monthly rent.
Yet how secure are these checks?
New research suggests that many tenants have no financial resources should they lose their jobs, or be unable to work as a result of accident, illness or personal crisis.
In a nationwide poll Scottish Widows discovered that nearly a third of private renters would not be financially secure if their household lost its main income.
What’s more only 16% had life cover in place and just 3% had critical illness protection.
This is a worrying situation that is very unlikely to change. Tenants were also asked about their priorities and arranging financial protection appears very far down their list. Four-fifths view a mobile phone as essential, but only one-fifth feel that providing security for their family in case of illness is a necessity.
What does this mean for landlords?
From a landlord’s perspective it is important to realise that rent arrears are not something you can ever confidently protect yourself against. Many tenants could easily go into rent arrears should life throw them a curve-ball. And, sadly, it so often does.
With little financial back-up, and no financial protection, tenants’ ability to pay the rent could become very quickly vulnerable to failure.
How can you guarantee your rent?
It’s factors such as this that makes Khalil’s Rent Guaranteed Scheme such a popular option with Brighton landlords.
This scheme completely removes all the worry and financial risk of rent not being paid. It guarantees your rent every single month, even where there are rent arrears on your property or it is not occupied.
It’s not just risk the Scheme removes: it also takes away the hassle. We deal with the tenants, we handle everyday maintenance and we make sure your property complies with the latest letting legislation.
The scheme is simple.
• You lease your property to us for five years.
• We guarantee you rent every single month.
• We return your property to you in the same condition that we received it.
• (Or you ask us to carry on because the landlord’s life has never been so easy!)
If you are concerned about tenants’ ability to pay the rent, now or in the future, then the Rent Guarantee Scheme could be your quick route to complete peace of mind!
Phone: 01273 573960
Mobile: 07984 015669
Email: ahmed@khalilproperties.co.uk
Address: 124 Lewes Road, Brighton, BN2 3LG
www.khalilproperties.co.uk
