“I am a first-time landlord, and have recently moved abroad. ......”
5 Star Review
Aug 04,2013
By:
'A.'
Aug 04,2013
Branch: Cheltenham, 11 - 15 Prestbury Road
Services: Lettings (as a Landlord)
Would you recommend?: Yes
Postcode: GL51
Branch: Cheltenham, 11 - 15 Prestbury Road
Lettings (as a Landlord)
Postcode: GL51
5
people found
this helpful
I am a first-time landlord, and have recently moved abroad. I am letting my house under Northwood's Guaranteed Rent scheme, and am very satisfied.
Northwood have been excellent during both my preparation to move and after I left the country in making sure that my property is looked after. Having lived in the property for almost 7 years before deciding to let it out there were a number of small maintenance tasks that needed to be performed before someone could move in - Nikki and her team have high standards! Northwood looked after all of these for me, and all I had to do was pay the bills.
Under the Guaranteed Rent Scheme I am paid a fixed amount per month, and Northwood get the difference between that and the actual rent (no matter how high or low it is). When deciding between this and a fully managed scheme, in which Northwood take a fixed percentage of the rent, they explained how under the fully managed scheme I could potentially receive more rent, but when the property is empty I will receive nothing. Under the Guaranteed Scheme the monthly rent is reduced during "void periods" between tenants, but as the reduced rate was still sufficient to cover my mortgage I decided to go for the safe option for the first year to see how easily the property is filled.
Northwood have successfully found a tenant, within the first month, who has moved in. As part of their check-in process they have taken meter readings and informed the local council tax office and utility providers, so I don't have to do anything.
Overall I'm very pleased with Northwood's service. I had a lot going on at the time, and Northwood made letting the house something that I didn't have to worry about or spend any time on, and with the Guaranteed Rent scheme I don't have to worry about my cash flow as I settle into a new routine in a different country. I highly recommend them to anybody else in my situation.
5
people found
this helpful
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