Most landlords underestimate the true cost of private letting. See the real comparison including voids, fees and hidden expenses.
Estimates use London average void periods of 6.2 weeks per year and standard letting agent fees of 12 percent. The Multikey Living guaranteed rate reflects approximately 7 percent below market rate with zero deductions. Individual results will vary.
This is an estimate. Book a free call for an exact figure based on your property and location.
The headline rent figure is almost never what landlords actually receive after all deductions. Here are the costs most people fail to account for.
See Full Service DetailsThe average London landlord experiences six or more weeks of vacancy per year. On a 1,500 pound per month property, that is over 2,300 pounds gone before any fees are paid.
At 12 percent management commission on a 1,500 pound per month property, you are paying over 2,100 pounds per year in fees alone, plus letting fees, renewal charges and more.
Most landlords spend between 800 and 2,000 pounds per year on maintenance they had not budgeted for. This figure does not appear in any headline rent calculation.
With Multikey Living, you know exactly what you will receive every month for the full 3 to 5 years. That certainty has genuine financial value that no headline rate can match.
Our team will give you a precise guaranteed rent figure for your specific property at no cost and no obligation.