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What Can You Do to Avoid Tenants with Rent Arrears?

Are Rent Arrears Stealing Your Sleep?

Being a landlord can be rewarding. You provide a roof over someone’s head and earn a steady income. But late and missed rent payments can cast a dark cloud over these advantages. In a recent article by Property 118, Andy Halstead – the chief executive of HomeLet and Let Alliance – said that landlords across the UK are ‘concerned about the ability of tenants to pay their rent’, citing the rising cost of living and new legislation as the primary cause for concern.

The Rent Arrears Nightmare: A Double-Edged Sword

Worryingly, a survey by Letting Agent Today revealed that over a staggering 49% of 2000 surveyed tenants fear the rising cost of living will affect their ability to pay rent on time. This creates a difficult situation for landlords who depend on this income to cover their own expenses and investments.

Stuck Between a Rock and a Hard Place?

The prospect of chasing down late payments or taking legal action against tenants can be daunting for any landlord. It’s understandable that many would rather avoid these confrontations altogether! But letting rent arrears slide can have serious financial consequences.

There's a Smarter Way

Abel Living understands the unique challenges landlords face. That’s why we created the Guaranteed Rent for Landlords scheme – a simple and secure solution designed to eliminate the stress of rent arrears. Here’s a breakdown of the benefits:
 
  • Become Part of the Solution: Add your property to our network of social housing rentals. By doing so, you’ll be contributing to a vital cause — providing much-needed housing for individuals and families.
  • Leave the Hassle to Us: We take care of everything from property management and tenant sourcing, to vetting and maintenance.
  • Guaranteed Rent, Every Month, Without Fail: Receive a fixed monthly income for up to 5 years, regardless of tenant vacancies or rent arrears. We handle all the legwork, so you can relax and enjoy a stable income stream.

Beyond Guaranteed Income: The Value of Peace of Mind

Our scheme goes beyond just financial security, it offers complete peace of mind. You can rest assured that your property is in the hands of a reputable and experienced social housing provider. We have a proven track record of managing properties effectively and ensuring they are exceptionally well-maintained.

Expertise You Can Trust

As a regulated housing provider, Abel Living adheres to strict industry standards and best practices. Our team consists of qualified professionals with extensive experience in property management, tenant relations, and social housing regulations. We’re committed to providing exceptional service to both our landlords and tenants.

Join Us and Make a Difference

By joining Abel Living’s Guaranteed Rent scheme, you’ll not only gain financial security and peace of mind, but you’ll also be contributing to a positive social impact by helping to address the UK’s chronic social housing shortage, and providing homes for those who need them most.

Ready to Breathe Easy?

Don’t let arrears disrupt your financial security or your wellbeing any longer. Contact the Abel Living team now. We offer free valuations and are happy to answer any questions you may have about our scheme. Let us help you unlock the full potential of your property investment while making a positive difference in the community.

Get You Guaranteed Rent Valuation.
Talk to the team today with no obligation at all.

Call ‎020 3924 4001 or fill out the form and we’ll get right back to you.