Landlords cash in on Rugby World Cup
Rugby fans still seeking a golden ticket for the upcoming World Cup quarter finals in Twickenham and Cardiff do not just face paying top dollar for entry into these crucial fixtures.
With hotel rooms in London and South Wales hard to come by for the days the quarter finals, semi-finals and final at the Olympic Station take place, enterprising landlords are cashing in by charging short-term tenants an average of £182 per night for a room during the Rugby World Cup.
Before the tournament kicked off, it was reported that homeowners with spare rooms living near Rugby World Cup 2015 stadiums could make as much as £2,912 by renting them out.
And it is not just part-time landlords with homes near the grounds where World Cup fixtures took place who cashed in. Letting agents in Croydon – more than an hour away from Twickenham Stadium – report enquiries from fans of France, Italy, Australia and the home nations seeking short-term accommodation.
However, the inflated fees part-time landlords receive for letting out their property for a short time when big sporting events, such as the Rugby World Cup, Wimbledon or even the British Grand Prix, take place cannot match the income buy-to-let investors can receive for letting out their property for 12 months a year.
Whether you are building a portfolio of buy-to-let properties or one of the 360,000-plus people in the UK who find themselves with an additional residential property due to inheritance, moving in with a partner or being forced to relocate because of work or family commitments, every landlord faces an increasing amount of legislation.
From new rules governing the installation of smoke alarms in a rental property to the protection of tenants’ deposits, few time-poor landlords can afford the time needed to stay on the right side of the law.
How Assetgrove can help
As property professionals who have been providing landlords with a fixed income since 1975, our Guaranteed Rent Scheme takes care of everything for up to five years. Our service allows you to get on enjoying your life, leaving us to look after your property as if it were our own.
Assetgrove’s property maintenance packages, for example, free up your cash flow, allowing essential works to be done to your property with no upfront fees.
Our team of qualified professionals will fix, decorate or refurbish your property – at an agreed fee – and you can spread the cost with easy manageable repayments. We can even deduct the amount directly from your rental income.
But that’s not all. To remove the risk of void periods, we can rent your property out at a fixed guaranteed rate for up to five years. This means you will receive an agreed income whether your property is occupied or not.
As an Assetgrove partner we will help and support you each and every step of the way. Our business is making sure that absolutely nothing gets in the way of getting the most out of your property.
To find out more about our Guaranteed Rent Scheme and our many other property services, get in touch with a member of Assetgrove’s team today.