Is this company healthy?

[Lance]

those numbers look to be just the startup capital for the company so don't tell you anything about the health of the company.
But I would have trust issues with any guarantees where the company is a man in the middle financier (cos that's what they are).

I imagine they simply try to understand the risks of non-payment, and pay you minus the risk, minus some profit for them. If they get the risk wrong then they go pop and you lose all money owed at the time.
That's the model if they are legitimate anyway. They might not be...

[ladymuck]

Maybe this info will help you decide if it's the right solution for you

https://aksum-lets.co.uk/guaranteed-rent-scheme/

Something tells me that if you need guaranteed rent to make your property worth renting then becoming a landlord might not be the right choice for you?

[northernladuk]

I was looking into a company who do property investment and they offer guaranteed rent.

I'm out at this point. Don't bother even looking any further. The slush fund for the gaurantee is going to come out of your pocket anyway, there will be so many rules and gotcha's that only work in their favour and if it sounds to good to be true. I can't see why anyone would sign up for this and I'm 100% it's going to go wrong.

Don't bother with them, even if it wasn't a massive risk, which it is and sort it yourself via a reputable local estate agent.

[courtg9000]

Dosen't sound too good and watch these guaranteed rent schemes, most are not nearly as good as they seem.
How do they guarantee the rent?

[MrButton]

I was looking into a company who do property investment and they offer guaranteed rent. I have a place I could rent out.




However looking at their micro accounts which is for their first year of trading it only shows the below. Is this negative accounts something to worry about and avoid? Thought you lovely people might have some guidance.




Micro-entity Balance Sheet as at 31 December 2023

Notes

Fixed Assets

Current Assets

Creditors: amounts falling due within one year - (39,378)

Net current assets (liabilities) - (39,378)

Total assets less current liabilities - (39,378)

Total net assets (liabilities) - (39,378)

Capital and reserves - (39,378)