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LANDLORDS

With extensive property industry experience and drawing on our own landlord experience, we have created a bespoke service for buy-to-let investors, to not only eradicate the pitfalls but increase their income as well.

With our zero-free, guaranteed rent service, EXLA London would offer you market value for your property and would act as your tenant on a contract length of your choice, giving you peace of mind and security without the worry of void periods, non-payment from tenants, or estate agency fees. We will ensure that your property in maintained to the highest standard, regularly cleaned, inspected and only occupied by fully vetted, professional sharers.

  • No letting fee, no management fee, no hidden costs.
  • No void periods & rent received on the same day of every month for as long as you wish.
  • Our 24-hour maintenance team are on hand to deal with any urgent problems.
  • Twice-monthly cleans ensure your property stays in top condition.
  • Free, third-party check-in/check-out reports, ensuring your property is returned in the same condition.
  • Flexible contracts to give you vacant possession within a month should you need it.

If you want to be completely hands-off with your investment, with a long-term, fixed guaranteed income and absolutely no fees to worry about, then this is the service for you. If, however, you’re look to increase your income by up to 25%, then our investment management service might be the best option for you.

DID YOU KNOW...?

  • A void period of 4 weeks equates to losing £150 per month from a £2000pcm rent
  • The average London property spends 3 weeks of the year empty
  • 3/4 bedroom ex-council properties have the highest yields of all property types
  • On average, London rents only fell by 0.3% on the back of Brexit.
  • While the demand for properties has dropped since 2017, demand for rooms has increased

The average rental yield of an investment property in London is in the region of 4-5%. An experienced BTL landlord with an ex-council property may average closer to 6-7%. However, with careful management of the property, we can achieve yields in excess of 8% for our investors.

For example:

Average purchase price of a 3 bedroom maisonette in a well-connected Zone 2 postcode - £425,000

Market rental value - £2100

Average net yield – 6% guaranteed rent

Achievable rental value through an EXLA managed let - £3000

Net yield – 8.5%

Why isn’t everybody doing this? Because it’s a LOT of work. However, for a small monthly percentage of the income we can manage the entire process for you.

In addition to maximising your returns, with years of experience in dealing with inner London councils, we can also help to guide you through the ever-changing legislation, increasingly demanding licensing regulations and absorb any of those increased costs through a higher rental return.

  • Increase your returns by up to 25%.
  • Full property management service included.
  • Full tenant-find and marketing service.
  • 24-hour emergency call-out service.
  • No lengthy contracts.
  • No up-front agency fees.

 

YOUR DETAILS

PROPERTY DETAILS

Frequently asked questions

Who is the tenant?

EXLA London becomes your tenant and we take on all of the contractual responsibilities.

How does it work?

We will need to view the property to check it meets our requirements, we will then make you an offer, EXLA London agrees to become your tenant for a mutually agreeable term (3 months to 3 years), we then sign the tenancy, take the keys, paying you the first month’s rent from the date the contract starts and then every month on the same date until the term ends.

Is there any Let only or Management fee?

There are absolutely no fees whatsoever. You get the full agreed monthly rent every month with no deductions or management fees.

What happens if the property is damaged?

We will return the property to you in the same condition as when we started managing it for you, subject to usual wear and tear. We conduct inspections every three months to ensure that the property is being properly looked after and also provide a free monthly cleaning service of all communal areas. A condition report will be done as each tenant enters and exits the property and if there is any damage to the property, this will be covered by the tenant’s security deposit.

What documents do I need to provide?

  • Proof of Ownership i.e. mortgage documents/land registration document
  • Gas Safe Certificate (Gas)
  • NICEIC Certificate (Electrical)
  • Buildings insurance

Does my property have to be furnished?

We will take care of furnishing your property if needed, at no cost to you.

What our customers say