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VieSpace

Landlords

When most of our landlords have seen the benefits and have taken advantage of our service, we have found that they choose to extend their contracts over and over again. We work hard to consistently retain the best standards in all areas.

We are not like high street agents – in fact we are quite different! Unlike a high street agent – we offer to refurbish your property and arrange a fortnightly cleaner or a gardener?!

We take great care of the properties and they are often in better condition – when on the rare times we are asked to return one to the owner.

We can manage this because – we don’t have the overheads other agents have.

All of our tenants are young professionals who are thoroughly vetted prior to moving in. Because, from day one we are responsible and will have to deal with any lost rent, potential damage or misbehaviour. We also deal with calls, emergencies and in fact ALL tenant issues!

You will never again have to worry about voids. A recent survey showed that most properties have a void period of at least 6 weeks per year!

When renting a property there are lots of variables to consider

As you can see from the chart below. Many hidden costs eat away at your monthly profit.

High Street AgentVieSpace
Monthly Rent£1,250£1,000
Annual Rent£15,000£12,000
Minus
Typical void period 1.5 months£1,875£0
Annual tenant finding fee 5%£750£0
Annual management fee @ 12%£1,800£0
Inventory£100£0
Annual Rent£10,475£12,000
Your Monthly Profit£873£1000


Our Landlords’ FAQs

WHO WILL PAY FOR ONGOING REPAIRS?

As the landlord you will still be responsible for all the usual repairs and safety checks, the difference is we will manage it for you. We can arrange everything for you, so you just have to confirm and pay. We always get quotes for larger maintenance work before proceeding.

WHAT TYPE OF PROPERTIES DO YOU DEAL WITH?

All types – but normally houses or flats with a minimum of 3 bedrooms and 2 reception rooms. It can have parking or not, have a big garden or not, it doesn’t even have to be in good condition. If you’re unsure, why not contact us to find out if we can help.

HOW QUICKLY CAN YOU TAKE A PROPERTY ON?

Once we have visited you property, within 24 hours we will make you a fair offer based on market conditions in your area. The price we agree to that day will be the price we pay for the duration of the contract, regardless of what happens to the market. If the property is vacant we could be signing contracts and paying the first month’s rent the next day.

DOES THE PROPERTY NEED TO BE FURNISHED?

Not necessarily. We take on fully furnished, part furnished and completely unfurnished properties. If you have previously rented to students, the furniture may not be the type we normally use and would ask you to remove it. To give you an idea of the furniture we use, take a look at our photos. Our customers are professionals and expect a higher standard of living than most students.This would be reflected in the offer we make you.

DO YOU PAY A DEPOSIT?

We don’t pay a deposit to you, but each person who takes a room will pay an individual deposit to us that is equal to one month’s rent. We register their deposit with the Deposit Protection Service for the duration of their stay, to safeguard against damage to the property.

HOW DO I RECEIVE RENT PAYMENTS?

We will set up a monthly standing order direct to your bank account for the agreed rent. This will go each and every month for the duration of the contract, guaranteed to be on time each month.

WHAT ARE YOUR FEES?

We don’t take fees from Landlords. Nor do we charge tenant finder fees or the usual high management fees – we do that for free. Our money comes from the difference between what the customer pays us and what we pay you.

I HAVE A PORTFOLIO OF PROPERTIES – DO YOU TAKE ON MULTIPLE HOUSES FROM ONE PERSON?

Yes that’s not a problem. We can take on 1 or 20 houses from you, provided they meet our criteria.

HOW MUCH WEAR AND TEAR CAN I EXPECT TO SEE AS IT WILL BE A SHARED HOUSEHOLD?

Lots of landlords are put off by the idea of sharers in their property as they believe the houses will suffer more wear and tear. This just isn’t true when letting to VieSpace. At the end of the 3 year contract the property is normally in a better condition than if rented by a typical letting agent. This is because we are scrupulous about who we let into the property, we have a fortnightly cleaner and also carry out minor maintenance repairs at our cost throughout the duration of our contract.

HOW CAN I BE ASSURED THE PROPERTY WON’T GET DAMAGED?

This has never happened to us. There are many ways to assure you here. Firstly we only allow working professionals or mature/postgraduate students into the property, secondly we regularly inspect the house and you can too, and thirdly we have a fortnightly cleaner of communal areas and gardener to keep the property in great condition.

WILL I HAVE TO DEAL WITH THE TENANTS?

No, we are essentially now your tenants. We deal with all of our customers, all phones calls, emails, viewings, meetings etc. We do all the legwork for you, so you can relax.

WHAT HAPPENS IF ONE OF YOUR CUSTOMERS DAMAGES SOMETHING IN THE HOUSE?

We will cover the cost to get it fixed immediately, then we will charge our customers. You would only be responsible for normal landlord maintenance, i.e. gas safety check, PAT test on YOUR electrical appliances, keeping the hot water system, radiators and water systems working etc. Our contract will state our full responsibilities along with yours.

WHAT IF ONE OF THE CUSTOMERS DOESN’T PAY OR IS LATE PAYING?

That’s our problem not yours. This very rarely happens in reality, but when it does we cover the cost and you receive your full rent as promised.

WHAT INPUT WILL I HAVE WITH THE PROPERTY ONCE I SIGN A CONTRACT WITH YOU?

Once we take over tenancy at the property, if you didn’t want to you wouldn’t have to set foot in the house again until the end of our contract. Of course if you wanted to do quarterly inspections that’s fine too. We will pay you the agreed rent each month via standing order, and we will give you updates on inspections and any maintenance required, including gas safety checks. We take all the hassle out of being a landlord, no tenant issues, no voids, no missing rents- just guaranteed rent and peace of mind.

WHAT HAPPENS IF I WANT TO END MY CONTRACT WITH YOU OR VICE VERSA?

We ask for you to give us a minimum of 6 months notice and we would do the same for you. We ask for this to allow our customers to find a new home without the stress of doing it in a short time frame.