PMS offers protection for landlords with Rent on Time
PMS has announced the launch of an exclusive partnership with Rent on Time that will enable intermediaries to provide their client landlords with additional protection.
The service provides landlords with guaranteed rental payments on the day the rent is due, even if the tenant defaults or makes a late payment. It also comes with free legal expenses and a host of other administrative services, in return for a six per cent* monthly fee to the landlord.
The ‘Find a Tenant’ service is also available whereby Rent on Time will market the landlords empty properties on over 100 property website search engines for just £75 plus VAT.
Robert McCoy, Senior Product & Communication Manager at PMS commented: “This exclusive arrangement with Rent on Time comes at a point when we are expecting to see an increase in demand within the rental sector. Intermediaries will be able to offer their landlord clients a secure recurring income, which allows them to focus on the returns from their investment, without having to worry or waste time with rental payment collection and potential disputes. Intermediaries will also benefit from an additional income stream from the service.”
Paul Pearce, Business Development Director at Rent on Time adds: ”We have been overwhelmed by the uptake of our product services by landlords. Intermediaries are core to the buy to let market and having the Rent on Time service available to PMS users will help improve their offering to both new and existing landlord clients.”
* All fees plus VAT plus £100 admin fee per property.