Guaranteed Rent Illustration
| Fee Comparison | Other Agents | sMighty Home | |
| Type of Letting Service | Standard Mgt | Standard Mgt | Guaranteed Rent |
| Average rent for a 2-bed flat | £900 | £900 | £675 |
| Annual Rent | £10,800 | £10,800 | £8,100 |
| Annual rent less expenses | |||
| Average agency Fee | £350 | £0 | £0 |
| Average Inventory Fee | £250 | £0 | £0 |
| Average annual Management Fee | £810 | £1,080 | £0 |
| *Arrears/Void Period | £900 | £900 | £0 |
| **Annual Maintenance Cost | £1,900 | £1,900 | £0 |
| Average service charge for leasehold flats | £1,400 | £1,400 | £0 |
| Average tenancy Renewal Fee | £350 | £0 | £0 |
| Net Annual Rental Income | £4,840 | £5,175 | £8,100 |
| Guaranteed Rent? | No | No | Yes |
| Other potential costs to be provided for | |||
| Average Eviction Costs | £600 | £600 | £0 |
*It is safe to provide for one month void in every twelve month.
**Industry standard is to budget 1% of property value for annual maintenance, incidental repairs, annual gas safety checks & building insurance etc.
Our Guaranteed Rent Management Service makes economic sense. It is a cost effective way of managing your property investment as it takes out the stress and costs associated with rental properties, offering you the added benefit of:
1. Guaranteed rent; on time all the time.
2. No void periods to worry about, hence no loss of income.
3. No repair, maintenance or management costs.
4. No tenant worries or call outs.
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