|
We offer this facility to our
landlords at a cost of 1% of the collected rent. Currently we have
landlords all over the world who are making use of this facility.
A direct debit / standing
order is set up between ourselves and your tenant. Our systems advise us
when the rent is due and will automatically check for the rent from your tenant
on the day it is due to be paid. A unique reference number will identify
the rent against your property.
Upon the rent being received,
we pay it into an account of your choice.
However, should the rent not
arrive on the day it is due in cleared funds, then we start the process of rent
recovery. This entails a polite letter going to the tenants, reminding
them of their duties under their contract. Further, less polite letters
will be sent to the tenants should the rent still fail to materialise.
Eventually, we will instruct a solicitor on your behalf - with your permission
of course and the case can go all the way to the courts if necessary. At
all times, you are advised by e-mail of exactly what we are doing and at what
stage we are with regards to getting your rent.
There are pro's and cons
about this service. They are:
PRO'S
1. Your rental income is
being monitored all of the time, so we know the minute it is late and can start
immediate action.
2. You are notified the
minute your rent arrives as well as when it has been paid into your account,
thus you do not have to ring the bank and wait endlessly listening to recorded
messages and being told which buttons to press next etc.
3. You will always be advised
as to what steps are being taken to get your rent from late paying tenants.
4. Where there is more than
one tenant in situ, we can monitor all the payments for you and do all the
chasing etc.
5. You do not have to get
involved in the collecting of rent from your tenants.
CONS:
1. You will have to wait a
little longer for your rent.
2. We do not guarantee the
rent. We can only pay to you what we receive.
3. This service is not
available to D.S.S. tenants or anyone receiving Housing Benefit.
If you would like to make use
of this service, please e-mail us at: admin@do-it.org.uk
and we will be in touch shortly.
|
