Here at 1804 we offer Landlords great solutions to the issues they face today. The only decision to be made is which option suits you best. Below we highlight the issues and you decide….
No Stress Option
- You rent the property to us by way of a management agreement, this is a formal contract but not an AST.
- We pay you the monthly rent.
- We keep the property in pristine condition which allows us to rent the property to our corporate clients.
- You are responsible for structural issues with the property.
- We fix the niggly stuff, should a guest accidentally damage something.
- We take all the risks of generating revenue for the property and we pay the bills just like a normal tenant.
Maximise Your Return Option
- We manage the property for you, we market it through our normal channels and you take the majority of the income after cleaning, laundry and marketing costs.
- You are responsible for all the properties bills.
- You will be able to reclassify the property as commercial and therefore will be able to offset your mortgage interest against your income.
- You will be able to have one property on small business rate relief.
- You can claim capital allowances against the property thus reducing your tax liability much further.
- The only risk is the potential seasonal fluctuation of the revenue.