This specialised service helps landlords increase their revenue by up to 50% whilst reducing rent per tenant by up to 25%.
Our expert knowledge of HMO regulation takes into consideration the property size and amenities and optimizes the available space for residential use following the requirements of fire regulations and licensing standards.
This service is especially suited for landlords who manage their property themselves, giving them the expertise and insights they need to improve their bottom line, adopt the latest regulatory changes and make informed decisions with their property.
Get the most out of the property licence, boost your revenue, and give your tenants a better deal by allowing sharers to use spare rooms and/or available reception rooms, as explained in our article Opening Up Space in Bristol.
If you have an HMO with bills included, we can help!
No more worries about tenants overusing utilities or energy prices going up and leaving you out of balance. Our HMO addendum to your tenancy agreements comes with a clause of Fair Usage for utilities and a clause of Price Variation and in both cases, you are able to claim an increase of rent for both reasons, at any point in the tenancy.
We calculate the baseline charges per tenant with historical data and the price per energy unit at the point of signing the tenancy contract so that any significant change in usage or price (generally 25% up or down) can trigger an extra rent charge –or refund. The clause and initial calculations to include the price ranges in the contract cost £245 if required, and you can easily monitor the usage and price variation thereafter.
We take care of everything to find the right tenants from our database or online.
We carry out the pre-screening of all applicants prior to meeting them, and when we meet at the property, we make sure they will be a good fit before starting the referencing process. So far, we have never refused an applicant from the moment we decide to start the referencing process on them.
We ask 3 years of addresses and the last landlord's reference; We request the employer's references (or accountant or relevant client if applicable); We carry out an affordability test and make sure the tenants' income is appropriate to sustain the rent; We request a full credit check and CCJ record, and a guarantor is added to backup the tenancy when required.
Production of the Assured Shorthold Tenancy Agreement between the tenant(s) and the landlord.
This includes a schedule of condition of the property showing the details of the fixtures and fittings, the decoration, the furniture -when applicable-, the interior and exterior of the property, and the garden and patio when present. It comprises a general description of the property and extensive photographic evidence for access to all parties. Costs £140 for up to 2-bed properties and £160 above that.
All documents relating to the tenancy are compiled in the landlord's name and provided at the onset of the tenancy, including references and safety certificates.
From the second month onward, standing orders will be arranged for the rent to be sent to the landlord's bank account by the tenants every month.
We take care of everything to find the right tenants from our database or online.
We carry out the pre-screening of all applicants prior to meeting them, and when we meet at the property, we make sure they will be a good fit before starting the referencing process. So far, we have never refused an applicant from the moment we decide to reference them.
We ask 3 years of addresses and the last landlord's reference; We request the employer's references (or accountant or relevant client if applicable); We carry out an affordability test and make sure the tenants' income is appropriate to sustain the rent; We request a full credit check and CCJ record, and a guarantor is added to backup the tenancy when required.
Production of the Assured Shorthold Tenancy Agreement between the tenant(s) and the landlord.
This includes a schedule of condition of the property showing the details of the fixtures and fittings, the decoration, the furniture (where applicable), the interior and exterior of the property, and the garden and patio when present. It comprises a general description of the property and extensive photographic evidence for access to all parties. Costs £140 for up to 2-bed properties and £160 above that.
All documents relating to the tenancy are compiled in the landlord's name and provided at the onset of the tenancy, including references and safety certificates.
From the second month onward, standing orders will be arranged for the rent to be sent to our bank account for processing before producing the statement of account of the managed property. Payment to the landlord is due within 5 working days of the rent due date.
The Deposit Protection retention is due each time property is let, and will be secured under the RentHappily membership of the DPS as part of our management service.
All aspects of the tenancy management, including: Rent collection & payment into UK bank account; Property maintenance relating to the tenancy (see below); Safety certificate renewal as per tenancy requirements; Monthly statement of account with expenses breakdown; Liaison and access management with tenants; Safety advice and regulatory compliance of property at regular intervals.
Our regular inspections are the opportunity for the tenants to raise any concerns they have with the house as well as to make sure the property is looked after appropriately. The Inspection Report (View PDF) you get after each visit shows the standard of the property up-keeping and complies with state-of-the-art legal requirements.
We work with a pool of reputable and affordable tradespeople. Our contractors are VAT exempt whenever possible and they mostly work locally, which makes it cheaper and faster, yet we can work with the contractors of your choice if preferred. The maintenance of the appliances, fixtures and fittings and inventory items is included in the management fee. We can assist with most aspects of the maintenance of your property, and we provide competitive quotes for amounts over £500. Structural maintenance of the property or issues not directly caused by the tenancy carries our standard 12% management fee (min £20) on top of the contractor's invoice, subject to our T&C.
Once the tenants have left, we check the state of the property and make sure any damage is either repaired by the tenants or discounted from the deposit.
Non Resident Landlord (NRL) retention and payment to HMRC, including the tax breakdown in the monthly statements of accounts.
Our inspections are the opportunity for the tenants to raise any concerns they have with the house as well as to make sure the property is looked after appropriately. The Inspection Report (View PDF) you get after each visit shows the standard of the property up-keeping and complies with state-of-the-art legal requirements.
Any change of the terms of the contract, including tenant changeover, rent and/or dates modification, addendum, etc.
Alarms will be supplied & fit when and where required (price p/unit).
Once the tenants have left, we check the state of the property and make sure any damage is either repaired by the tenants or discounted from the deposit.
We renew all certificates required by the safety regulations, including:
If you are too busy to pay a bill or an invoice, or to collect an item at your property, we can do this and charge for it directly from the rent (service available for Managed properties only). This does not include any claim or legal proceeding, nor any mortgage or insurance contract which are the direct responsibility of the landlord.
We will process your application, which includes gathering all the required information, complying with the requirements of the form, and submitting the final application electronically in your name. Note that a £50 discount on the license fee will be granted by the Council thanks to our belonging to the Rent With Confidence Membership Scheme.
Whenever necessary, we produce disclaimers and waivers to protect the landlord's responsibility or their property. The following documents will be signed by the tenants if required:
If you have an HMO with bills included and you are worried that your tenants might overuse the utilities or that the energy prices might go up suddenly and leave you out of balance, we can help. Our HMO agreements come with a clause of Fair Usage for utilities and a clause of Price Variation by default and in both cases, you are able to claim an increase of rent for these reasons, at any point in the tenancy. We can help calculate the baseline charges per tenant based on historical data, and the price per energy unit at the point of signing the tenancy contract, so that any significant increase in usage or price further down the line can trigger an extra rent charge. The initial calculations to include the price ranges in the contract cost £245 if required, and the monitoring of the price variation is included in our management service. Note that if action is required to recover charges from tenants, this will trigger further charges for you as well, so we will discuss this with you prior to taking action.
When the landlord takes their property back and doesn't require our services any longer, we issue a final invoice for terminating our contractual relationship and sending over any pending document that the landlord may require.
All prices are VAT inclusive; Subject to changes as per our Terms of Use.
