Jun
Philip James continually improve services offered to our landlords. We have recently introduced our Rent Guarantee service which we believe will be of great benefit to landlords, whether they have one or more properties in their portfolio. This service provides full protection for the total monthly rent should any of your tenants fail to pay rent and also provide you with legal cover if this is necessary.
Inflation is now up to 9%, and unemployment is expected to rise in the foreseeable future. The impact of the change in cost of living will be a slow burner, and it will take a bit of time for people to realise that they’ve got less money in their pocket every month.
The effects may be more drawn out but, as in the pandemic, tenants’ rent payments may soon start to suffer. Unlike the pandemic, we do not have the government furlough scheme to support us through his stage of the economy. The fact that this issue is a slow burner will take a bit of a mindset change. Last time, the government encouraged landlords and agents to be sympathetic and we therefore expected to have a conversation about the circumstances of tenants.
As the issues that tenants may face don’t top the agenda as a general conversation, it’s up to us as agents to protect our landlords, and support tenants. Rent protection is still absolutely relevant – as it always has been – but especially now during the cost of living crisis, as the effects are hard to predict.
At a time when stock is low, any support, advice, and extra services that we as agents can offer our landlords to protect their investment is paramount.
We are not only experts in the local lettings market, but also sincerely care about helping landlords maximize assets income. You can rest assured that we will help you protect your asset too.
When taking out landlord rent protection insurance with us, you’ll also receive preferential rates on your terms, and we can guarantee you full management of the claim, with the promised outcomes due to our due diligence taken throughout the tenancy and referencing process.
Please don’t hesitate to reach out to us with any questions or queries with regards to this so we can help you secure your income, and protect your livelihood.
Contact the Property Management team on 0161 448 1111 or email: management@philipjames.co.uk
To find out more about the services available from Philip James, go to our Property Management page on our website.
