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Landlord here with a few questions (one single-family home in USA). I may not be the target landlord but your service is interesting. What is the incentive for
by doodlebugging 10y ago
Landlord here with a few questions (one single-family home in USA). I may not be the target landlord but your service is interesting.
What is the incentive for me to use your service by renting to what is essentially a middleman tenant management company? I understand that you are currently in the UK and may possibly be operating in other areas or have plans to do so. What advantages are there for a landlord to deal indirectly with tenants? What value does the middleman add on my end?
I currently screen tenants (been working on that today in fact) so that I can understand who they are, where they are in life and how they view the world. I interview each prospective tenant to help me understand the things about my property that may be problematic for them to use or maintain. At the end of the day I really just want to have tenants who appreciate the work that I put into preparing my property for them to use as a home during their tenancy. I need to have people that I can trust to help me maintain it and to keep it clean for the next guy.
Where does your service add value to my operation other than possibly in pre-screening tenants for me or in guaranteeing that I am paid on time? If you are functioning as a middleman involved in placing corporate personnel in suitable housing at company expense while they are on temporary assignment where do I benefit? What incentive does a tenant using your service have to use the rental property responsibly, avoiding damages and reporting maintenance issues in a timely manner so that the property owner can address small issues before they become major repair problems?
Assuming that the tenant reports a maintenance issue to your service - do you handle service and repair? Do you contact repair person? Do you describe the problem and schedule repair? Do you keep tenant in the loop concerning ingress and egress for repairs? Do you ensure that contractors and service personnel are paid so that there can be no liens placed on my property by unhappy contractors? Do you use your own vetted contractors and tradesmen or do you use mine? In my case, I use people who are very familiar with the property since they have been helping me maintain it for more than a decade.
I'd be interested in hearing your reply.
Also on a different note - I read all the text on the site that I could find. Like others I was initially confused by the phrasing in that I thought you may be offering some sort of tenant locator or screening process service for landlords. I figured it out though. I did find one thing that you should change that I haven't seen mentioned. On the "Our Services" page under the "Documentation" section there is a grammatical error that you should fix. The second line currently says: "Your provide: nothing." You should change that to read "You provide: nothing."
Good luck to you in your endeavors!
- paulbennett 10y agoIn the UK (and I'm sure many other places in the world) rental agencies already provide the services you are describing. As a UK single-family home landlord I ask my rental agency to find me tenants, run background checks, handle deposits, rent and other finances etc. For this I pay them 5-10% of the rental income/month. They will also handle repairs etc. if I need them to and bill me accordingly. This is a great service for me as a landlord who lives abroad because it greatly reduces the amount of time I have to spend dealing with my property to maybe a couple of hours every few months.