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When the time has come to invest in one of your largest assets it’s simply not worthwhile beating around the bush. Letting a property can provide one of the most stable forms of income as well as investment. If you already have a property, letting it out would be the best option since its value appreciates in line with property prices, and besides you will be earning a Periodical rental income.

Although rental income is important, at Jerome Richards we believe that the quality of tenants is fundamental in maintaining a non problematic tenancy.

At the moment, the demand for rented property is far outstripping supply and growing numbers of people are coming to Jerome Richards in search of good quality property to rent for long-term tenancy.

If you have property to rent in or around Kampala please do not hesitate to contact us for professional advice and as well as to get more information about our services.

Our service to landlords is above the horizon. We usually rent out a property within 4 weeks or sometimes sooner and 80% of our tenants stay in a property for more than a year. Rent collections can be paid directly into your bank account within 3days*. [* upon existing conditions]

We offer various professional property services from simply finding you a suitable tenant, through to a comprehensive management service, which means all you have to do is enjoy your monthly rental income. Our services may include;-

1. Straight Letting

This commission based service is suitable for landlords who live close to the property they are letting and or have a different arrangement to deal with repairs and maintenance. In this respect at Jerome Richards we shall provide a rental evaluation, marketing, selection and credit checking of all potential tenants, we there after introduce you to the best qualified tenant.

Our commision rates are as follows:
If the tenant pays 1 years rent upfront then our commision is 1 months rent,
If the tenant pays 6 months rent upfront then our commision is half a months rent,
If the tenant pays less than 6 months rent upfront then our commision is 10% of total amount paid.

Advantages

• Professional Tenants

• Comprehensive Referencing

• Free marketing campaign

2. Periodical Rent Collection

Periodical rent collection is suitable for landlords who wish us to collect the rent and liaise with tenants but are able to deal with all repairs and maintenance. We will collect the rent on your behalf, and ensure that you receive a regular monthly/quarterly or as agreed income from your property. This service entails all aspects of the Straight Letting service.

Our commision ranges between 10% - 15% depending on the size of the dwelling.

Advantages

• Professional Tenants

• Comprehensive referencing

• Monthly statements

• Periodical property inspections

• Comprehensive advice for overseas landlords

• Professional inventory productivity

• Free marketing campaign

3. Complete Property Management

Complete Property Management is particularly designed for landlords who are abroad or live far away from the property and those who own many properties. This service provides you and your tenants with an instant point of contact. A regular property inspection is carried out and a full report is submitted to you. Maintenance and urgent repairs are carried out immediately.

A management fee of UG shs. 500,000 is required to be deposited with us to cater for routine repairs but depending on the nature and cost of work to be done we seek approval from the landlord before the maintainance works are effected. Our commision ranges from 5% - 8%.

Advantages

• Professional Tenants

• Comprehensive referencing  

• Monthly statements

• Professional inventory productivity

• Comprehensive advice for overseas landlords

• Reduction of void periods of tenancy i.e. we ensure we look up tenants for you whenever a tenancy expires

• General maintenance of property

• Quarterly detailed reports that are loaded with up-to-the-minute data.

• Periodical property inspections

• Free marketing campaign

Marketing your property at Jerome Richards

As soon as we have signed terms of business with you, we will distribute details of your property to all of the potential tenants in our books. Marketing will take the form of any, or a combination of, the following:

• Press advertising

• Local Magazines

• Window displays

• Mailing and phoning out 

• The Internet, via www.jeromerichards.co.ug.

Tips before thinking of selling your house
First Impressions are lasting. It is vital to create the right impression as potential buyers form an opinion fast....[+]