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Guaranteed Rental Scheme
yellowlawn
Posts: 349 Forumite
Anyone ever heard of this before: http://www.northwooduk.com/html/landlords.html - seems to me like if your a Landlord it's money for nothing?:j
Yellowlawn
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If a man says something in the woods and there are no women there, is he still wrong?
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If a man says something in the woods and there are no women there, is he still wrong?
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Comments
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There's no such thing as a free lunch!Everything that is supposed to be in heaven is already here on earth.
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I agree...Doozergirl wrote:There's no such thing as a free lunch!0 -
Interesting! How do they make their money? On one page, they say no fees or commissions. On another page, they say a rep will advise you of the fees. I imagine the guarantee bit is thru insurance, which they probably pass on to you with a bit of markup for themselves.FREEDOM IS NOT FREE0
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They say they will offer you a set amount for the year. They don't say that that is what they charge the tenant. They probably charge the tenant a lot more than they give the landlord.Quidco cashback paid out so far £745.89 :j0
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We rent a property out through Northwood. We would usually get around £700 - £725 ish per month but as our rent is guaranteed we get £525. They dont however tend to vet the tenants so theyre not always great ones!0
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twinkler wrote:We rent a property out through Northwood. We would usually get around £700 - £725 ish per month but as our rent is guaranteed we get £525. They dont however tend to vet the tenants so theyre not always great ones!
:eek:Forget a free lunch, how about you pay Northwood for several lunches at Gordon Ramsay? :eek:
So you lose £2400 or more than 3 months rent and get crap tenants because the rent is guaranteed? I'd drop the rent they charge by £50 and get it let out quickly (seems like they do that anyway, you probably wouldn't need to drop) You'd be losing only 1/4 of the money that way.
That really is a ridiculous price to pay! I'd take the chance personally.
Would anybody like me to provide them with a guarateed rent service?Everything that is supposed to be in heaven is already here on earth.
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