Choices Estate Agents will launch a new Advanced Rent Option (ARO) product later this month, which enables landlords to receive their annual rent upfront in one lump sum.
Buy-to-let landlords and property investors are being invited to learn more about the initiative by attending an exclusive free launch event for the innovative ARO.
The initiative, believed to be an industry first, will be officially launched to landlords and lettings professionals at an exclusive event at the Royal Institution of Great Britain between 6.30pm and 9.30pm on Wednesday 28th August.
The event, which will feature a range of exciting industry guest speakers and presentations, is being hosted by Angels Media, the publisher of Landlord Today, Estate Agent Today, Letting Agent Today and Property Investor Today.
It will enable landlords to learn more about ARO, hear from those already benefitting from having their annual rent paid upfront and network with likeminded landlords and industry professionals, including developers, industry suppliers and agents.
The event will be hosted by Christopher Watkin, who will be providing his unique take on the future of the rental market, highlighting the key drivers for change including PropTech, regulation and Brexit.
A debate, chaired by Watkin, will focus on the changing landscape of the lettings industry.
Watkin said: “Now is the time for letting agents and landlords to be thinking ahead with the aim of futureproofing their success. The ARO is a boundary-pushing concept which fits this mould and acknowledges the changing landscape of the modern lettings market.
“I look forward to welcoming landlords, agents and property professionals to the launch event and discussing the future of the rapidly growing and increasingly influential PRS.”
Among the guests who have confirmed their attendance are Charlie Bryant, managing director of Zoopla and Vanessa Warwick of Property Tribes.
The Zoopla boss will be taking part in a panel debate alongside owner of Choices Estate Agents Simon Shinerock, renowned property developer and investor John Howard, and certified accountant and tax advisor Karl Carraher.
Shinerock commented: “The ARO has already generated a huge amount of interest among inquisitive landlords and investors who are looking for innovative ways to manage and grow their portfolios," says Simon Shinerock, owner of Choices Estate Agents.
“This event will give them the chance to understand exactly how the ARO works and how it is already benefitting other landlords. There'll also be a range of presentations around the current state of the market and where it's headed."
"Marking a significant milestone in the development of the PRS, the event is a must-attend for all open-minded landlords who want increased financial freedom."
A combination of challenging market conditions and record low buy-to-let mortgage rates means now is a good time for savvy investors to expand their portfolios, according to Shinerock.
He added: “Finding the capital to do so [expand a portfolio] - especially when considering the stamp duty surcharge on additional property purchases - is not always easy.
“We want to help landlords to take their next step in the property market on their journey towards financial freedom, or alternatively to simply make a dream luxury purchase, pay for a wedding, school fees or anything else they desire," he says.
“We’re looking forward to welcoming landlords and investors of all levels to the Royal Institution of Great Britain on August 28th to present the ARO and discuss the future of the industry we all care so much about.”
The ARO launch event has limited spaces so interested parties are advised to register now to avoid disappointment. Anyone who signs up for the ARO at the event will receive a free landlord rent guarantee (worth 3% of annual rent).