Agents

Why company lets

The lettings market is becoming more and more competitive. With higher expectations, regulation and increased competition - working with the right partners can make all the difference. At Venture Property Management our guaranteed rental agreements (company lets) offer a way to ease your workload and ensure cash flow; maximise profits and gain a competitive edge over other letting agents.

We also understand the difficulties that managing a HMO that you typically face: missed payments, voids, maintenance issues, and whether the property is being looked after properly by the tenants. That's why Venture Property Management brings you an alternative solution, a better way to let out your properties that address the unattractive issues whilst ensuring you receive both your tenant finding and management fees.

Typically, our corporate let agreements last for between 3-5 years and are used to house working professionals that are registered with us. In doing so, we essentially become your perfect tenant. We take care of everything from referencing to managing maintenance and repair calls, periodic inspections, and most importantly - we pay the rent directly to you (the letting agent) on time, each month, regardless of the occupancy of the property.

We're responsible for collecting rent from our working professional tenants. no voids for 3-5 year term.

Guarantees your management fees for the next 3-5 years

A hands-off, stress-free approach allowing you to take on more properties without more hassle

How it works

We lease the property from your landlords on a long-term corporate let agreement for an agreed rent and term (typically 3-5 years) and effectively become your (perfect) tenant.

We look to take on Licensed HMO properties or equally, those that have been previously operated as a HMO that have between 5-7 bedrooms. Often, these are student properties that need to have a light refurbishment so that they can be re-purposed and improved to a level that the working professionals that we work with demand.

We then rent the rooms on individual Assured Short-hold Tenancies (ASTs) and take care of everything. Gone are the days of resenting taking on a new HMO under your management due to all the associated issues you typically face with them. Taking on a HMO with Venture Property Management means that your properties can start working for you as opposed to you working for your HMOs. We start paying you rent on the day of the agreed start date, regardless of whether the property is tenanted or not.

We then take the keys, manage the required refurbishments, and dress the properties for our working professionals that we work with. We then arrange viewings and fill the rooms using our existing list of thoroughly referenced working professional tenants and the resulting ongoing management thereafter.

As we're responsible for any lost rent and damage to the property, we regularly inspect and employ a cleaner to visit the property fortnightly to ensure that it is being well looked after to maintain the level of quality that our tenants demand. As the letting agent, you can now focus on growing your portfolio, knowing the property is self-managed and that you can count on your rent being paid for the next 3-5 years.

We view the property, submit an offer to you/the landlord and agree on a set rental value and term of the agreement - usually between 3 and 5 years. If the property is fully managed by you (the letting agent), we pay the rent directly to you meaning any management fees can be maintained without the hassle traditionally associated with managing HMOs.

what we offer

Giving agents complete peace of mind with our guaranteed rent service.

Guaranteed rental income for 3-5 years, on-time, every month, without voids.

We handle all interactions the tenants, form sourcing, referencing and managing the tenants.

All utility bills and council tax paid directly to suppliers from our account.

Fortnightly cleaners attend to all communal areas to ensure your property is properly maintained.

We'll organise an annual Gas Safe inspection on your behalf. We keep a copy of the certificate and send the original to you.

We furnish the property with modern, luxury furniture to provide the professional living spaces our tenants demand.

FAQ's

Some of our most Frequently Asked Questions...

How much does this service cost?
For our guranteed rent services, we don't charge you any management fees, ever. We simply pay you the guranteed rent every month. We charge a slightly higher (yet affordable) rent to our tenants and the difference between covers our fees for taking on thhe risk and management of the property.
What happens at the end of the 3 or 5 year agreement?
You can either choose to renew with us, sell your property or end the agreement if your plans have changed - no strings attached. At the end of the contract you have the option to do whatever you choose.
Am I still responsible for maintenance of the property?
Whilst we don't cover maintenance (except for very minor works covered in your contract) we will however be the main point of contact for tenants. No more calls during the evenings or at weekends.
How do I receive payments?
We will set up a monthly standing order direct to your bank account for the agreed rent, which will be paid each month at the same time for the duration of the contract.
Do you refurbish the property?
‍If necessary, we will carry out a light refurbishment at our own cost to bring the property up to our customer’s standards. If larger maintenance work is needed, we can help you complete it at a reduced cost.
What happens if a tenant is late or doesn't make the rent payments?
That is our problem not yours. If it happens, we cover the cost and you receive your full rent as promised.
What happens if a tenant damages something in the house?
We will cover the cost to get it fixed immediately after which we will charge our tenants. As initial deposit it taken from our tenants that is held in a Deposit Protection Scheme as further cover any damages done.
Have another question which hasn't been answered?
Make sure to use the contact button at the top, or bottom of the page and send us any questions you may have. We'll get back to you via an email, or if you'd prefer we can talk with you on the phone using the contact number listed on the same "contact us" page.

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Agents

Why company lets

How it works

what we offer

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FAQ's

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