A new option for investing in apartments: discover the all-round solution for rental hosting services

On February 7th, because I was playing football with my baby on February 6th, I broke my foot. So I communicated with multiple customers at home, and did not do other services related to house viewing.

A friend who came back from the UK told me the story of their friends investing in an apartment in the UK.

Here's the thing:

After buying a property in the UK, there are many people who are purely investing, but their services are much better than those in China, for example, there is a service that is a rental hosting service.

What kind of service is this, this customer told me about the services provided by this business:

These services typically provide landlords with professional rental management and escrow services to help them manage their rental properties and communicate with tenants. Rental hosting services typically include the following:

1. Tenant Recruitment and Screening: Help landlords recruit and screen tenants to ensure they meet the qualifications and background requirements.

2. Contract Management: Drafting and managing lease contracts, ensuring contract terms are legal and compliant, and handling contract renewals and terminations.

3. **Rent Collection**: Collect rent on behalf of the landlord and ensure timely payment and record-keeping.

4. **Maintenance & Repairs**: Responsible for handling the maintenance and repair of the property, including arranging maintenance workers and supervising repair work.

5. Tenant Services: Handle tenant complaints and requests, ensure their needs are addressed in a timely manner, and provide a 24/7 emergency contact service.

6. Legal Compliance: Ensure that the property complies with local laws, regulations, and safety standards, and handles legal-related matters such as tenant protection and eviction procedures.

7. **Reporting & Records**: Provide regular rental reports and bills to landlords, record tenant information and property conditions, etc.

8. Vacancy Management: Responsible for securing the property, maintaining safety and cleanliness, and finding new tenants while the property is vacant.

These rental hosting providers typically charge a management fee, which usually varies depending on the scope of services and the size of the property. Choosing the right rental hosting provider is crucial for landlords to help them save time and effort and ensure that their investment properties are effectively managed and maintained.

In fact, the core of this service is to serve the landlord after buying the property, to ensure that the owner after investing in the property, as if the money is stored in the bank, the same convenience as collecting interest, completely liberating the landlord's worries.

So, this service can't be free, so, how do they charge abroad?

My client, because he invests in UK assets, told me about the fees and charges and the reasons for each charge:

In the UK, how you charge for hosting a rental depends on the service provider and the specific service. Generally speaking, the fees for rental hosting services mainly include the following ways:

1. **Management Fee**:

This is the most common type of charge, and the landlord pays a percentage of the management fee, usually a percentage of the monthly rent (e.g. 5%-15%). The management fee covers the various management services provided by the rental hosting provider, including tenant recruitment, contract management, rent collection, maintenance and repairs, etc.

This fee is proportional, and the core core is actually for serving tenants and serving the house, basically, the house is charged after the house is rented, and the house is vacant. It is tied to the tenant's payment of rent

2. Occupancy fee: Some hosting providers charge an occupancy fee, which is a percentage of each new tenant moves in. Occupancy fees typically cover the cost of tenant recruitment and screening.

This fee is the same as the domestic intermediary fee, why?

In fact, there is a cost for tenants to obtain, especially in this era, all kinds of information and platforms need to be paid, and there is a cost to show and sign a contract.

3. **Renewal Fee**: Some service providers may charge a renewal fee if the tenant renews the lease. This is a service charge for tenant renewals.

This is basically a renewal of the contract in China, often some large companies now use online services, so there is no such charge, normally a single renewal of 100-200 yuan service fee is still possible.

4. **Additional Service Fee**: Some additional services may incur additional costs, such as providing additional maintenance and repair services, providing furniture rental services, conducting property appraisals, etc.

This means that all the things that the tenant does during the stay are only connected with the rental escrow agency, and have nothing to do with the landlord, but all the costs must be borne by the landlord and some by the tenant according to the agreement.

5. Security Deposit: Landlords may be required to pay a percentage of the security deposit to the rental hosting provider to ensure that the property is in good condition when the tenant moves out, or as compensation for the tenant's non-performance of contractual obligations.

This is basically equal to the deposit of the house, sometimes the landlord will be unwilling and inconvenient to provide real-time transfer due to various circumstances, so the escrow service company will charge a certain amount of security deposit for a house, and the cost of using the deposit in advance when encountering problems.

Overall, landlords should carefully read the terms of their contract when choosing a hosting provider for rentals, and understand what and how each fee is charged.

Then, this client suggested that I offer this service in the country, especially among clients who invest in apartments.

Allowing more people to invest in apartments is as convenient as depositing money in the bank to collect interest!

This idea is really good, then, if there is such a service company, the charge is only 5% of the rent after the house is successfully rented, then, will you choose to buy the apartment asset and fully entrust it?

Dear readers,

In today's sharing, we explore the experience of real estate investment services from the UK, especially rental hosting services. This service not only provides full management and maintenance after the landlord's investment, but also provides tenants with an efficient and convenient rental experience. With a professional rental hosting service, landlords can enjoy a stable income from their investment property, while leaving the hassle of rental management to a professional team.

Domestically, although the property market is different from the UK, similar hosting services can provide a better rental experience for tenants while meeting the needs of landlords. This service model closely links the interests of landlords and tenants, providing a more convenient and reliable transaction guarantee for both parties.

Finally, I would like to ask you a question: if there is a rental hosting service company that can provide professional management services and only charge 5% of the rent as a management fee after the property is successfully rented, would you choose to hand over the property to them for full commissioning?

Let's think together, in order to better manage and utilize our real estate assets, for a more convenient rental experience, and for better return on investment, let's embrace this new real estate management service model.