020 3196 2595 info@rooms-24.co.uk

The process

How It Works

From a first conversation to rent arriving every month — four steps, and no obligation until terms are agreed in writing.

What to expect, and when

Most landlords are weighing us against carrying on as they are, so the useful thing is knowing what actually happens and how long it takes. Here it is without the sales language.

Day one — the valuation

You tell us the address, the size, the condition and whether it is occupied. We look at the property’s position in its local market and come back with an indicative monthly figure, usually within one working day. This costs nothing and commits you to nothing.

The offer

If the figure works for you, we put it in writing: the monthly rent, the term, the payment date, what we take on and what stays with you. Nothing verbal, nothing assumed. Take it to your accountant or your solicitor — we would rather you did.

Compliance and handover

Gas and electrical certification, alarms, and any licensing are checked before commencement. We record the property’s condition in an inventory with photographs, so the state it goes out in is documented rather than remembered. If work is needed first, you will get a clear list rather than a vague “it needs bringing up to standard”.

Every month after that

The agreed rent arrives on the same date. We run the property. You hear from us when something genuinely needs your decision, and not otherwise.

How long does it take?

For an empty property with current certificates, commencement is usually days rather than weeks. For an occupied property, or one that needs certification or work first, it is governed by that work — we will give you a realistic date rather than an optimistic one.

How it works

From first conversation to managed property.

Four steps, and no obligation until terms are agreed in writing.

  1. 01

    Free valuation

    Tell us about the property. We assess its suitability and its position in the local market, usually within one working day.

  2. 02

    Offer in writing

    You receive a clear proposal: the monthly figure, the term, and exactly what we take on. Nothing verbal, nothing assumed.

  3. 03

    Compliance & handover

    Safety certificates, documentation and property standards are settled before the agreement commences.

  4. 04

    Rent paid monthly

    We run the property and the agreed rent arrives on schedule. You hear from us when it matters, not otherwise.

Start with a valuation

Questions

The questions landlords ask us most.

What is guaranteed rent?

We take a lease on your property for an agreed term and pay you a fixed rent every month for its duration. The payment does not depend on the property being occupied or on a tenant paying — that risk moves to us. In exchange, the monthly figure is set slightly below what an open-market letting might achieve in a good year.

How does the figure compare to letting on the open market?

Usually a little lower per month, and often higher over the term once you account for void periods, agency commission, re-letting fees, renewal fees and the repairs you would otherwise pay for. We will show you the comparison for your property rather than argue it in the abstract.

Who is responsible for repairs?

Day-to-day maintenance and the cost of managing the property sit with us for the term. Structural work, and anything that is the freeholder or owner obligation, remains with you — the agreement sets out exactly where the line falls before you sign.

What condition will the property be in at the end?

It is returned in the condition agreed at handover, fair wear and tear excepted. Condition is recorded in an inventory at the start, with photographs, so there is nothing to argue about at the end.

Do you take HMOs, blocks and portfolios?

Yes. HMOs need the correct licensing in place, and blocks are assessed as a whole rather than unit by unit. Portfolio landlords get one agreement and one point of contact across every property.

How quickly can it start?

A valuation within one working day, an offer in writing shortly after, and commencement once compliance documentation and handover are complete. For a property that is already certified and empty, that is usually a matter of days rather than weeks.

Your property should be earning every month, without the admin.

Free valuation. No obligation to proceed.

Free valuation

Find out your guaranteed rent figure.

Send the details and a member of the ROOMS 24 team will come back to you with an indicative monthly figure and the management route that suits the property.

No obligation. We only use these details to respond to your enquiry.