International House The Mclaren Building,, 46 The Priory Queensway, B4 7LR
Birmingham, West Midlands, Birmingham, West Midlands, England
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Prem Property - The Guaranteed Rent Specialist in Birmingham & The Black Country
Prem Property offers comprehensive property management services in Birmingham and The Black Country. Our specialized offerings include guaranteed rent services, HMO, and serviced accommodation management (including Airbnb). With our guaranteed rent program, we provide landlords with a reliable income stream, eliminating rental void periods. We also offer tailored solutions for HMOs, ensuring compliance with regulations and handling all aspects of management. Our team excels in optimizing occupancy and guest satisfaction for serviced accommodations and Airbnb rentals.
At Prem Property, we value long-term partnerships with our landlords. We believe in proactive problem-solving and continuously strive to enhance the value of your property investment. With our dedicated team of professionals and our commitment to delivering personalized management solutions, you can trust us to take care of your property and provide you with peace of mind.
How do I know the investor will take care of the property?
The investors that we choose to work with, have a history of managing multiple properties. Keeping the property at a high standard would be of interest to the investors due to them putting a lot of their own capital into the business and maintaining quality reputations.
What happens if the guaranteed rent property is damaged?
The expenses of repairing a damaged rental property will be assessed based on the reason behind the damage. Should the damage be caused by the tenant or guaranteed rent provider, the cost of repairs will be covered by the guaranteed rent provider. However, if the damages are attributed to general wear and tear to the property the repairs are the responsibility of the landlord.
What do you charge for your services?
For guaranteed rent, no fees are charged to the landlord for the service.
For property management and lettings services, we charge a percentage of the monthly property gross rent.
How long is the guaranteed rent contract?
The length of the contract in guaranteed rent is flexible and can vary based on the needs of our clients. Our guaranteed rent providers generally offer contracts of 3-5 years in length. You may contact us to discuss your requirements.
Can I rent out an unfurnished property?
Yes, our property management and guaranteed rent services include the rental of unfurnished properties. With our comprehensive services, you can assure that your unfurnished property will be successfully rented out to high-quality tenants. We also offer a property furnishing service via our partners, contact us to learn more.
What if the investor doesn't pay rent?
The likelihood of this happening is low because we conduct comprehensive checks on all guaranteed rent providers prior to engaging. We also assist guaranteed rent providers in addressing issues with rental payments. Finally, all contracts we enter into with guaranteed rent providers state that if rent remains outstanding for 28 days or more, the contract will be terminated and the property will be returned vacant.
Who pays the bills?
Our guaranteed rent provider. With all of our agreements with guaranteed rent providers, it is their responsibility to pay all utilities and bills to do with the property. Prem Property will ensure that all bills are switched to the guaranteed rent provider's name to ensure a smooth transition.
Is guaranteed rent legal?
Yes. This is 100% legal. Rent-to-rents would only be illegal if the renter does not have the landlord's consent and if they use the incorrect contracts.
