Managing rental properties has many risks and duties. These include late payments, property damage, and sometimes going months without someone to rent it.
With a guaranteed rent plan, landlords get the same amount of money each month. This is true no matter if the units are full or not. There are no more worries about tenants or empty places. They can enjoy steady income without stress.
But how does it work? Is it the right choice for you? Let’s go through it step by step.
What Is Guaranteed Rent?
Guaranteed rent means a property owner gets the same amount of rent each month. This happens no matter if someone lives there or not. The agreement usually lasts from 6 months to 10 years. During this time, a property management company takes care of all rental tasks.
For landlords, this means:
You will not have any rental voids. You still get paid even if your property is empty.
No unpaid rent — payments are guaranteed.
No need to deal with tenants. A management company takes care of everything.
Guaranteed rent gets rid of money worries and makes your property a reliable way to earn money.
How Does a Guaranteed Rent Scheme Work?
Owning a rental property is about more than just getting rent money. Landlords need to handle repairs, take care of the property, look after tenants, and deal with legal issues. This can get very overwhelming fast.
Landlord Responsibilities Without Guaranteed Rent:
🔹 Finding tenants, advertising, and marketing
🔹 Property maintenance and emergency repairs
🔹 Rent collection and managing late payments
🔹 Handling insurance policies and legal fees
🔹 Evictions and legal actions happen when tenants don’t pay their rent.
🔹 Regular inspections to ensure property upkeep
If you own several rental properties, your duties may feel like a full-time job. However, there is no promise of steady pay.
With a guaranteed rent program, UpperKey handles these tasks. This way, you can enjoy rental income without stress.
✔ You receive on-time monthly payments
✔ The property is professionally managed
✔ No surprise costs, upkeep, or legal problems
All you have to do is collect your rental money—without doing any work.
Who Should Consider a Guaranteed Rent Scheme?
A guaranteed rent program is not just for big property investors. It is great for:
>> First-time landlords want to earn money from rent. They do not have time to manage properties.
>> Multiple-property owners looking for an easy way to make money.
>> Overseas investors need a local person to manage operations.
>> Short-term rental owners, like those with Airbnb or vacation rentals, want a steady income all year.
If you want steady rental income without the trouble of tenants, a guaranteed rent plan is the best choice.
Are There Any Problems with a Guaranteed Rent Scheme?
The only main drawback is that landlords may get a bit less than the full market rent. The property management company makes money by charging tenants a bit more than what they pay the owner.
However, UpperKey helps you get higher rental value. This means you will still earn good money without the stress of managing a property yourself.
Would you rather:
❌ Do you spend time handling tenants, fixing repairs, and dealing with legal problems?
✅ Or enjoy hands-free rental income every month?
For most landlords, the security of a guaranteed rent plan is much better than any small drop in income.
How Much Do Estate Agents Charge for Guaranteed Rent?
Property management companies usually take 10-20% of the monthly rent. This fee helps to cover:
✔ Property insurance & legal fees
✔ Marketing, tenant screening, and advertising
✔ Emergency repairs & regular maintenance
✔ Eviction management and legal compliance
Example Rental Income Calculation: If a property makes £60,000 each year, the property owner can still get up to £54,000 every year through a guaranteed rent plan—without any work needed. That’s £4,500 each month in extra income, without stress about tenants or empty units.
The Cost of an Empty Property: A Property Owner’s Worst Nightmare
A vacant property makes no money. However, landlords still have to pay for:
❌ Mortgage payments
❌ Council tax & utility bills
❌ Maintenance & upkeep
If you don’t have a trustworthy letting agent, a guaranteed rent scheme can protect you from:
✔ Lost income during vacancies
✔ Late or unpaid rent
✔ Unexpected repair costs
With UpperKey, you get guaranteed rental payments. This happens even if your property is empty for several months.
Rent Guarantee Insurance vs. Guaranteed Rent: What’s the Difference?
Many landlords mix up rent guarantee insurance with a guaranteed rent scheme. However, they are different.
Rent Guarantee Insurance:
✔ Protects against tenant rent arrears
✔ Typically costs £100–200 per year
✔ Covers missed payments for 6–12 months
✔ Does not cover vacant periods
Guaranteed Rent Scheme:
✔ Pays you even when the property is empty
✔ Includes full property management
✔ No need to screen tenants or handle repairs
✔ Ensures 100% passive rental income
If you want to feel completely relaxed, a guaranteed rent plan gives you more safety than rent guarantee insurance.
Conclusion: Why Choose UpperKey for Guaranteed Rent?
>> Complete Property Management — we take care of it all.
>> Guaranteed monthly payments will be on time, every time.
>> Above-Market Rental Returns — maximize your property’s value.
>> Operating in big cities like London and Paris.
>> Free Rental Valuation — find out how much rent you can make with a guarantee.
FAQs
1. How long does a guaranteed rent contract last?
Guaranteed rent contracts typically last between 6 months and 10 years, depending on the agreement with the property management company.
2. What happens if my tenant doesn’t pay rent?
With a guaranteed rent scheme, you still get paid, regardless of whether the tenant pays or not. The property management company handles any late payments or tenant issues.
3. Do I still need to pay for repairs and maintenance?
No. In most guaranteed rent agreements, the property management company covers maintenance and repairs, ensuring the property remains in top condition.
4. Can I use a guaranteed rent scheme for my Airbnb or short-term rental?
Yes! Many property management companies, like UpperKey, offer guaranteed rent options for short-term rental properties, ensuring year-round rental income without the hassle of guest turnover.
5. How do I apply for a guaranteed rent scheme?
Getting started is simple—contact UpperKey for a free rental valuation, and we’ll provide a same-day quote on how much guaranteed rent your property could generate.