Well done Rybec Homes and LRS | Discuss

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Well done Rybec Homes and LRS
10/12/2013
3:50 pm
rybeconline
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At Rybec Homes we always ask our clients for their honest feedback on our services, this is one we received this afternoon.  I’m so proud of the Rybec Homes team and their on line partners LRS that I had to post this.  Impeccable service has its own rewards!!!

 

 

            As a Landlord with a small portfolio of properties, I can’t afford to have vacant properties for too long, advertising with Rybec Homes provided me with live leads,  within the hour of prospective tenants calling. A personalized service reminding me that a certain tenant called a number of times and appears very keen, it’s like having your own staff working for you.

Thank You LRS and Rybec Homes! The properties are now LET and within two weeks of advertising them.  I look forward to doing business with them again.

 Rafiq

 Greenford,

 London

 

10/12/2013
4:42 pm
Katherine
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I have also just let a property through Rybec homes. The service was excellent producing a number of leads,and the property has been let to a young family.

Referencing was carried out with LRS which included a follow up phone call .

Many thanks to Rybec and LRS. Will not hesitate to recommend to any landlords.

10/12/2013
10:23 pm
PaulBarrett
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D

Katherine said
I have also just let a property through Rybec homes. The service was excellent producing a number of leads,and the property has been let to a young family.
Referencing was carried out with LRS which included a follow up phone call .
Many thanks to Rybec and LRS. Will not hesitate to recommend to any landlords.

Did you bother obtaining RGI and if so was the Rybec and LRS  referencing adequate for a RGI policy; if you didn’t bother with a RGI policy; why not!!?

If you obtained a RGI policy did you check what the claim requirements were and if you didn’t why not!!??

How do you know that the referencing carried out etc. would be considered sufficient in the event of a RGI claim!!

 

11/12/2013
1:39 pm
Katherine
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Paul B

These tenants would of qualified for RGI and met the criteria.I made a business decision that the cost of RGI would exceed the rental losses in any one year. In practice our losses in ten years are less than the cost of RGI for one year. This can be put down to luck I like to think it is due to through referencing . At a viewing we issue prospective tenants with a list of all required documentation and outline our procedures. Many tenants don’t get back to us, I suspect because they aren’t able or willing to provide the required documentation.

Saying this we have many tenants who wouldn’t pass RGI as they are on a low income or have a poor credit history. If people are upfront and open, can prove previous rent payments we will consider their application.

It has to be the decision of each landlord to make a risk assessment and operate their business as they see fit.

11/12/2013
3:51 pm
Sharon Carmichael
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I have advertised 2 properties and got great tenants for both, I also got them to full reference both and got my RGI through them, very easy, very quick and good value.  Well done Rybec Homes  a great support to LRS.

13/12/2013
2:13 pm
Patricia A
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I  had a lot of internet enquiries on my last rental property. I started to email my application form with the Id requirements etc to inform them before they viewed. I am still not sure this is the right approach but,  it seems to have cut down some of the viewings that wasted my time. 

If Rybeck are working with LRS I will use them next time 

Where can i see an RGI form ?

I have 3 properties that I took a chance with renting out to under 35’s and they are very good tenants. 

I also have a very nice young working  couple asking me if could save my next one bed flat for them.

They 24 and 26yrs old. I know housing benefit would not cover the rent if they were out of work but would RGi cover them? 

13/12/2013
2:33 pm
trudy
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13/12/2013
5:31 pm
Paul Routledge
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Rybec can provide you with RGI at quite good rates if you ask Kayleigh to send you a shedule of cost. I have taken out three with them and they are ok.

 

Paul Routledge CEO
Tenant Referencing UK.Com
13/12/2013
6:22 pm
PaulBarrett
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Hmm 

Katherine said

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Paul B
These tenants would of qualified for RGI and met the criteria.I made a business decision that the cost of RGI would exceed the rental losses in any one year. In practice our losses in ten years are less than the cost of RGI for one year. This can be put down to luck I like to think it is due to through referencing . At a viewing we issue prospective tenants with a list of all required documentation and outline our procedures. Many tenants don’t get back to us, I suspect because they aren’t able or willing to provide the required documentation.
Saying this we have many tenants who wouldn’t pass RGI as they are on a low income or have a poor credit history. If people are upfront and open, can prove previous rent payments we will consider their application.
It has to be the decision of each landlord to make a risk assessment and operate their business as they s

Hmmm business decision; £99 for a RGI policy or possible £10800 rent loss for me, now what would be cheaper!!??

You may have been lucky all these years; but it matters NOT a jot what your referencing indicates.

Unless it is attached to a RGI policy it is worthless!!

Are you really saying that for £0.27 per day you would rather risk normal referencing without RGI being available.

You should really have sufficient liquidity to pay the mortgage payments in the event of a tenant NOT paying rent.

That means dead money.

When for £99 you can free up those resources to expand your business.

You are like many LL who wing it; hoping that their referencing will always work and they won’t ever have a tenant who chooses not to pay the rent for whatever reason.

High stakes gambling that is.

Is it really worthwhile continuing to gamble when for the sake of £99 you DON’T have to!?

Strange way to run a business if you ask me!!!?

Of course it does mean you could NOT take on certain tenants who will not qualify for RGI; but so what!

Find some RGI qualifiable tenants.£

There are loads out there.

Surely you would wish to minimise the risk of certain tenant types to your business!?

Remember you only have to be unlucky once to wipe out the supposed savings of NOT having RGI on all your tenants.

OK if you have sufficient cashflow to cover mortgage payments in the event the tenant doesn’t pay rent.

You will need sufficient cashflow to cover this situation and if you have lots of property then this cashflow can probably be generated sufficiently.

But really 10 properties with RGI on them would cost you £2.71  per day; and you can offset the cost against tax!

So 10 properties over 10 years would have cost £2.71 per day; for peace of mind and ALL offsettable against tax; no brainer to me!!

But each to their own!

Your risk at the end of the day!!

You could sleep soundly knowing you were not at risk from a tenant ever not paying rent.

It puts you in control of the tenancy rather than the tenant.

They have the eviction laws ready and waiting to stitch you up; you don’t have that luxury!!

13/12/2013
6:35 pm
PaulBarrett
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Tha

Paul Routledge said

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Rybec can provide you with RGI at quite good rates if you ask Kayleigh to send you a shedule of cost. I have taken out three with them and they are ok.

That is interesting

Do you know what the claim criteria is and whether the LRS reference package is GUARANTEED to work with the Rybec RGI?h

What is the total cost?

13/12/2013
6:43 pm
PaulBarrett
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trudy said

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<a
href=”http://www.rentguard.co.uk/”>http://www.rentguard.co.uk/

 

 

 

rentguard were useless; they wouldn’t provide cover on my  tenants who would pass other RGI company checks; nor would they provide a decent amount of cover.

It sounds like the Rybec option will be pretty effective.

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