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  • Property-a-holics

    Council PRS incentive to tackle homelessness

    Received an email from Cardiff Council they are implementing a new project aimed at reducing the City's homeless problem, they are offering 6 months rent in advance and a £2000 bond.

    I am awaiting further details  on the project, but will we see more councils offering similar financial incentives?

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    Rooms In Cardiff info@highyield.property | Guaranteed RentSingle Let Management £50/month |Cardiff HMO Management | Cardiff Letting Agents & Property Managers | Delivering Double Digit Net Returns

    Rent Smart Wales Agent Licence Number: LR-37010-29907

    The Property Ombudsman: E1405 

    ICO: #ZA276375

    We operate Client Money Protection

    Thanks for sharing this information.

    Many councils are already offering "golden handshakes" to landlords to entice them to offer housing.

    See - What causes homelessness in the UK? 

    I was in Cardiff a few months ago and noticed the number of homeless people on the streets.  The person I was working with told me a lot of it was down to the synthetic drug "spice" which was very heavily used in the city and basically turns people in zombies.  I saw a lot of them on the streets myself but nothing was being done about them.

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    As stated I am waiting to see the "finer details" of whats on offer, but with our Social HMO model investors would be able to receive a least £10,000 rent once a 4 bed HMO was up and running.

    0
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    Rooms In Cardiff info@highyield.property | Guaranteed RentSingle Let Management £50/month |Cardiff HMO Management | Cardiff Letting Agents & Property Managers | Delivering Double Digit Net Returns

    Rent Smart Wales Agent Licence Number: LR-37010-29907

    The Property Ombudsman: E1405 

    ICO: #ZA276375

    We operate Client Money Protection