FIXED RENT
The same figure every month, whether it’s full or empty.
We lease the property from you and take on the whole operation and the whole risk. Void weeks, quiet seasons, a guest cancelling in January. That’s ours now. Your income doesn’t move.
This works best for a particular kind of owner
It’s a good fit if
- The property is covering a mortgage and the payment doesn’t care what season it is
- You’d rather know the number than chase the maximum
- You’re overseas, busy, or simply don’t want a property to think about
- You’ve had a bad experience with variable income and won’t do it again
It’s probably not a fit if
- You want the property earning everything it’s capable of in peak season
- You’d rather take the good months and the bad ones and come out ahead over a year
- You want to use the property yourself at short notice
Where the money goes, plainly
We agree a monthly figure before anything starts. That figure is paid to you on the same date every month for the length of the agreement: full property, empty property, good season, bad season, no difference to you.
Everything the property earns above that figure is ours. Everything it fails to earn below it is also ours. That’s the trade: you give up the upside, we absorb the downside.
Running costs are ours. Cleaning, linen, consumables, guest management, the day-to-day of operating it. None of that touches you or your income.
You stay the owner. It’s your asset, your mortgage, your insurance, and structural or major repairs remain yours as they would with any tenant. We’re leasing the property, not buying it.
The figure depends on the property: location, size, condition, what comparable properties we operate are actually achieving. You’ll get it at the assessment.
Once it starts, it isn’t your problem
Listings, photography, pricing, marketing, guest vetting, check-in, the 2am message, cleaning, linen, turnarounds, consumables, minor maintenance, reviews, compliance with platform requirements, and the whole calendar. All of it, all year.
The practical difference from full management: there’s no reporting for you to read, because the property’s performance doesn’t change what you’re paid. You get the same figure, on the same day, and you don’t have to look.
What you keep
- The asset. You own it, it appreciates for you, you sell it whenever you decide to.
- A property that comes back in better condition than a long let. It’s inspected at every changeover, not once a year.
- The same number, every month. No statements to reconcile, no seasonal maths.
- A clean exit at the end of the term. Vacant and ready, on the agreed date.
You will earn less than full management
Over a good year, a well-run property on full management will out-earn a fixed rent agreement. That’s not a flaw in the deal, it’s the price of certainty. We can only commit to a figure by pricing in the months when the property doesn’t hit it, and by carrying the loss when it doesn’t.
What you’re buying is a number you can budget against and a property you never think about. If the upside matters more to you than the certainty, take full management instead. We’ll tell you honestly at the assessment which one we think fits your property.
A fixed rent agreement, in practice
Based on one agreement. Terms and the monthly figure are set per property; yours will differ.
What happens if the property sits empty for a month?
You’re paid the same. That’s the entire point of the arrangement, and the risk is priced into the figure we agree.
How long is the agreement?
Agreed on the property. Longer terms usually mean a stronger monthly figure for you, because we can invest more in setting it up. We’ll talk it through at the assessment.
Can I still use the property myself?
Not on demand. During the term the calendar’s ours, which is what allows us to hold the figure fixed. If you need occasional access, say so before we agree terms and we’ll build it in or steer you to full management.
What happens at the end?
You get the property back vacant on the agreed date, in the condition it was let in, fair wear excepted. If you want to continue, we’ll agree a new figure against what the market’s doing then.
Send us the address. We’ll tell you what we’d pay for it.
A monthly figure based on what comparable properties we operate actually achieve, what your property would need before we could take it on, and our straight view on whether fixed rent or full management suits you better.