Our Fully Managed Service will include marketing, accompanied viewings, all paperwork, tenancy agreements, right-to-rent checks, guarantors (where available) and an inventory can be carried out for an additional fee. Once the students have moved in we will collect the rent and pay you the net balance after our fees and any other costs have been deducted.
We have a dedicated Accounts Team who have a robust rent collection process in place with an enviable record for 2017/18 of only 0.47% uncollected rent. Which, when compared to the national average for the letting industry, is remarkably good. All maintenance queries are promptly dealt with and tenaciously followed through. We use local qualified and competitive contractors, however we are happy to work with your own preferred contractors if you wish.
Fully Managed Service has an initial set up fee of 60% including VAT of the advertised monthly rent (minimum £420 including VAT), plus 12% including VAT of the rents collected on your behalf.
For example, if the advertised rent is £1,000 per month, we would charge an initial £600 including VAT as a one-off initial set-up fee and our management fee would be £120 including VAT for every £1,000 of rent collected on behalf of the landlord. For larger HMO properties a lower set up fee is negotiable.
Birmingham City Student Homes operates a Client Money Protection (CMP) scheme.