A guaranteed rent scheme affords a landlord peace of mind in the knowledge that they will receive a fixed monthly income from their letting agent even if their property is vacant, or rents have not been received. In return the landlord will generally receive reduced returns from what they would normally receive under the standard mechanism of receiving rents less management fees.
If you currently operate a guaranteed rent scheme or are planning to introduce such a scheme then you can now manage this through RentPro. RentPro will allow you to specify the Guaranteed Rent Allocation day and then automatically for any property you select to part of this scheme to have these rents automatically applied to the landlord regardless of whether rent was collected.
To find out how to implement this on your account follow this link to our user manual: