Welcome to PL Property Solutions

At a very basic level; We rent the property from the landlord for 3-7 (or more) years and become the landlords tenant. If needed, we bring the property up to the requirements of our customers. We then rent the rooms on individual room by room basis and take care of EVERYTHING. As WE are the tenants, the landlord will only ever have to deal with us.

When renting a property out, there are of course lots of variables to consider – Too many costs eat away at the monthly profit. We start paying the landlord guaranteed rent as soon as the property is ready to let. This could be from the day we sign the lease or as soon as any refurb is completed. 

 As we said it’s a simple concept – this is how we do it;

• With all the benefits and guarantees we offer, we pay a slightly reduced rate to the landlord.

• We become completely responsible for management, with all/any risks. 

• The high end service we offer attracts slightly higher rents.

• We collect the rent, we pay the landlords rent, the utilities and all bills. Our profit is the difference.

• The landlord will ALWAYS get paid even if the property is empty.

• Rent will arrive on the same day every month without fail.

• We will never charge any fees or commission.

• There will never be any sneaky ‘hidden’ or ‘unforeseen’ costs.

• We will take great care of the property.

• A truly ‘Passive Income’ for the landlord.

All of our tenants are professionals who are thoroughly vetted prior to moving in. After all, from day one we are responsible and will have to deal with any lost rent, potential damage or misbehaviour. We also deal with calls, emergencies and in fact ALL tenant issues! The landlord will never again have to worry about voids. A recent survey by Spare Room showed that most properties have a void period of at least 6 weeks per year!

We will organise this on the landlords behalf and be at the property to meet the engineer. We keep one copy of the certificate and send one to the landlord. This test is a legal requirement to ensure that all gas appliances in a property are safe. It must be renewed annually and there are serious penalties for not having a valid certificate.

We will take care of any legal obligations and can help the landlord to comply with all current relevant legislation, ensuring everything is current and up to date. This would include PAT certification, furniture/fire regulations and smoke/carbon monoxide detectors.

We take out insurance for the landlord! We use Deposit Replacement Insurance; the deposit replacement insurance product is a complete alternative to a standard cash deposit. The policy in this case would be paid for by us but it would be in the name of the Landlord or the managing agent of the property. The insurance policy covers damage up to 6 weeks’ rental value and covers the last month’s rent. This product as with all of Advanced Rent Limited insurance products are underwritten by DAS – Europe’s Largest legal expenses insurer. Plus we take 6 week security deposits from all our tenants which is then secured in a Government backed deposit protection scheme. We use DPS – Deposit Protection Service. This money would be used for repairs if the tenant caused any damage to the property.

The owner of the property is responsible for building insurance which usually includes an amount of contents insurance. A residential insurance will not be adequate and the landlord will need either a buy to let policy or a specialist HMO policy. We have public liability insurance. We advise our customers to obtain their own contents insurance. 

Before we take control of a property we would need proof of ID and proof of ownership of the property. 

Before we take over the property, the owner may decide to obtain an inventory from an independent company. Or if  preferred, we can arrange this. 

The landlord is welcome to inspect the property at any time by giving us at least 24 hours notice. We also carry out regular inspections and deal with any issues as they arise. We have good relationships with our customers and quickly deal with any issues they may have. 

 If you have a mortgage you will have to obtain ‘Consent to let’. If we agree to Multi Let your property, you will need to be on the correct mortgage product. You will need to sign a warranty in our contract to confirm that this is the case. During an on-going contract, allowances should be made for the standard of the property at the start of the tenancy and for fair wear and tear during the tenancy.