.Frequently Asked Questions .
What is RentoRest responsible for?
Paying you the fixed monthly rent, filling the house with our professional tenants, ensuring all of the utilities and council tax are paid, manage cleaning, gardening, and communal areas. RentoRest also acts as the first port of call for the tenants, and take over all of the landlord responsibilities.
RentoRest will need to spend money up-front in order to make the house suitable. There will be no cost to you for any interior upgrade work, decoration or furniture. Improvements will help raise our property value, which is a bonus.
Will I still make the same amount of money as before?
You'll generally be paid about the same amount of money as you would earn if you were to let your property normally and the payment is guaranteed every month.
Am I responsible for anything at all?
As a landlord, you will need to make sure the exterior and structure of the building is sound, and the building is insured with the appropriate HMO landlord product, and that you have adequate safety and environmental certificates in place (e.g. Gas safety, Electrical Safety, EPC). Finally, it is your responsibility to look after your own mortgage, if you have one.
How does RentoRest make money?
Commission is earned from the tenant that we put in the property, so there are no fees to you. We work with local companies and our own network to rent to professional tenants and provide quality housing with flexible length terms and professional services. We are able to receive a markup on the monthly rent and offer you a guaranteed rent.
Is this sub-letting?
RentoRest will not sublet your property. We will act as your managing agent and pay you a fixed amount per month, without charging a management fee. We'll have an Assured Shorthold Tenancy (AST) with the tenants. The AST is the contract that disallows sub-letting and is not appropriate in this situation. The contract that we use has been drawn up by a solicitor specifically for these types of arrangements.
What if the tenants stop paying rent or don't leave?
RentoRest always returns the properties with vacant possession. If tenants refuse to leave the property you will continue to receive the rent until the tenants are evicted and vacant possession is achieved.
How can I get involved?
Depending on the project, you can buy the deal from us; we have found, invested time in research and ensuring that the figures stand. You can also join in and invest funds as a loan with a guaranteed monthly return, or as an equity on a profit sharing basis
How do I book directly?
You can contact us via the website and we offer you 10% discount for all direct bookings
Can you manage my rental as serviced accommodation?
We always look for new properties and our years of experience have given us the confidence to manage many more. Alternatively we can rent from you on a gauarnted rent basis and rent it out on a short let basis.
RentoRest is a subsidiary of ASM Management Ltd (Company Number: 10050569, Registered in UK)