FIXED RENT
FIXED RENT is a new kind of property company offering landlords and tenants total peace of mind, thanks to the concept of guaranteed rent.
Imagine letting your property but never having to chase the rent, fix a tap or find a tenant again. Imagine receiving your rent every month, on-time, without lifting a finger. Fixed Rent offers this complete peace of mind.
FIXED RENT offers landlords a guaranteed rental income for three years or more – taking away all the hassle of finding reliable tenants, property maintenance, and a number of other factors which make renting out your home a hassle.
Veteran London-based estate agent and founder of FIXED RENT, Tom Nicholson, explains: “I foresaw falling sale revenues as an estate agent, and lean times ahead for landlords, so set up FIXED RENT to cater for property owners seeking refuge in uncertain times.
“My company offers a hassle free solution to renting. Simply put, we take on your property, and give you the rent you need every month, regardless of whether there’s a tenant or not – so there’s no void periods either. Our offering is transparent, simple and effective. We do not charge any fees, commission or maintenance costs..
“We become your tenant and rent out your property to others, so it’s in our interests to maintain your property to the highest standards and ensure there are quality tenants.”
Nicholson began FIXED RENT in August 2008, coining the term ‘rent-to-let’
From humble beginnings, offering guaranteed rent to landlords in London W2, the company is now expanding rapidly across the capital, with future plans to offer regional franchises.
“Operating a guaranteed rental scheme relies on intimate knowledge of a local market, therefore central London was selected because I had this knowledge. Only franchisees with similar knowledge in their own territories will be selected,” says the director.
“The idea is really taking off,” he adds, “because it’s clear to see the benefits for landlords and tenants alike. In a market where houses aren’t selling as well, and it’s tougher for tenants to get mortgages, we can offer modern, well maintained properties with greater peace of mind for all. A landlord can simply hand over the keys, and then lock in income and fix costs – which was previously very difficult in this asset class. We are the zero hassle option. There’s no need for estate agents, it’s a wonderfully simple, quick process, and we offer exemplary ‘after sales’ service – a far greater service than any estate agent could possibly offer.”
In these tough economic times, Nicholson is also proud of his lean, self-funded business model. He employs an army of contractors to update and maintain tired properties and provide the necessary certifications, but the business revolves around the web site (http://www.fixedrent.co.uk) and immediate face-to-face contact with property owners interested in taking advantage of the FIXED RENT offer.
“If a property owner expresses interest in FIXED RENT, I’ll meet with them, view the property, do the paper work and normally get everything sorted, typically, within less than two weeks. Which means after that time, they will receive the rent they want on the day they want for the next three years – guaranteed,”
Being young, dynamic and internet savvy, Tom set up his company using the services of peopleperhour.com, the web site which helps employers find employees and contractors quickly and cost-effectively.
Tenants also benefit enormously from renting via FIXED RENT. Tenants enjoy assured rents, clear legal rights, better quality housing, and avoid the problems sometimes associated with absentee landlords.
“Our properties are usually renovated or fully prepared ready for letting. Tenants are dealing with a professional, reliable company, not a middle man, agent, or a stressed landlord who doesn’t rent property as a full time job.
“As professional landlords, FIXED RENT ensures properties are maintained to a high standard and quickly attend to any issues. In my long experience, I have found the better you look after tenants the better they look after you,” concludes the director.
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Photo:
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