Landlords

We effectively become your tenant, guaranteeing your rental income for the duration of the agreement and then re-purpose the property into short term accommodation for business and leisure travellers . You will continue to receive the agreed rent even if the property is unoccupied. It’s in our interest to have your property in showroom condition and well maintained for the duration of our agreement.

This is dependent on every landlord but we typically offer contracts anywhere between 2-5 years as our services are more suitable for landlords looking for longer term stability. Contracts can be renewed or extended if both parties are happy.

We are based in Chelmsford, Essex and cover the surrounding areas. However, we are open to working with other landlords around the UK.

Suiteplace carries out research in advance to confirm if there’s significant demand for our services, this is to ensure we can guarantee your rent.

It’s in our interest to maintain properties to a high standard, by providing regular cleaning, covering minor maintenance and providing regular inspections. This is so we can attract the best kind of guests and achieve great occupancy.

We’re landlords too! Being a member of the NRLA we know what a landlord should expect from a tenant.

We have an incentive to take care of  your property otherwise guests will not stay with us. You can be sure your property will have our full attention with regular inspections and maintenance covered.

For the duration of our agreement the property will be regularly cleaned and well maintained by our trusted cleaning team to keep your property in showroom condition. In addition, we take an up front deposit from each guest to cover the cost of potential damages. The deposit is held for 3 days after the checkout to give our cleaning team time to report the condition of the property. You can be sure the property will be handed back in the same condition if not better.

The rent we agree is the rent you’ll get. No void periods, no rent arrears, no commission, no set-up fees, no renewal fees or any other hidden extras. No need to deal with the tenants or worry about evictions. Every landlord is different so we can be flexible with payment dates, start dates and length of contracts (2 years onwards).

We are open to providing a light cosmetic refurb to ensure the property is up to standard. This could be a fresh lick of paint, new carpets or even wrapping for kitchen units. However, we would negotiate a rent free period for the additional up front costs.

Our diversified business model means we have a balanced portfolio. So if any part of our portfolio is underperforming we will have the cash reserves to guarantee your rent. Above all, people are becoming increasingly aware of the services we offer and choosing to stay with us rather than hotels.

Finding the right property management service for you depends on your risk appetite and how hands on you want to be. Our guaranteed rent service best suits landlords who want financial certainty and a hands off experience.

There are a number of different Guaranteed Rent services on the market. Essentially, there are four different models.

1. Our Rent service
2. Letting agents rent guarantee service
3. Guaranteed Rent protection insurance
4. Agents acting on behalf of a local council

It’s important for any landlord to understand exactly what’s being guaranteed by the respective services. So why are we different? Most importantly, we offer the market value rent compared to others who offer slightly lower. In addition, we will keep your property in showroom condition as it’s in our interest to do so.

If you want to know more about our services, click here to submit your interest. The details will be sent to us and we will contact you to discuss the next steps.

Many people ask us how we make our money, especially when we don’t charge set up fees or commission.

The answer is simple.

We pay you the market value and then repurpose the property into short term accommodation for people travelling for work or leisure. We specialise in providing high quality accommodation and charge a premium for our services. With our strict processes and procedures we’re comfortable with taking on all the risk and responsibilities for managing your property.

You will be generating more rental income with us than you would if you decided to go it alone or use a traditional service. For example, see the below illustration: