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FAQs
What type of properties do you manage?
Room4U manages HMO properties from 4 to 8 beds with an upto date HMO License. The property can be ready to let out or be needing a little refurb, which we will do prior to letting. We can pay for your HMO Licence if you are not compliant, contact us to discuss.
How quickly can you take management of my property?
We will arrange a viewing, we aim to place a fair offer within 24hrs, the agreed price will be paid monthly for the duration of the contract, regardless of what happens to the market conditions, if the property is vacant we could be signing a contract within 48hrs.
Does my property have to be furnished?
We take on fully furnished, part furnished and unfurnished properties, you may have previously rented to students so the furniture within the property may not be suitable to working professionals who require a higher quality of living, if that is the case we may ask you to remove the furniture, this would be reflected in the offer.
How will you be paying me?
We will set up a standing order for the agreed monthly rental price to your bank account, this will be paid on the same day every month for the duration of the contract regardless of occupancy.
What are and how do your fees work?
We operate differently to high street agents, we do not charge tenant finding fees, neither do we charge maintenance fees, we solely make profit from the difference between what the customer pays us, and the monthly payment we pay you.
Who pays for repairs?
The landlord is responsible for ongoing repairs, maintenance and safety checks. The letting agency will manage it all for you, providing quotes for larger maintenance works.
We are happy for you to use your own contractors for repairs if you wish to do so.
How do you resolve damages with in the property during term?
Room4U are responsible for tenants we cover the cost and charge the tenant for damages, you would only be responsible for landlord duties, maintenance, gas safety checks, ensuring the boiler system works, etc although letting agencies usually manage these checks. Roles and responsibilities will be clearly stated within our contract.