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Open Property Group

We will buy any rental property or portfolio – tenanted or vacant.

Open Property Group are professional cash buyers with more than 100 years’ combined property investment experience and a managed portfolio of 150+ properties across England and Wales.

Since being established in 2014, we have completed on more than 1,000 transactions worth £129 million with an average exchange timeframe of 13.2 days.

As a landlord, you can trust us to provide you with a fast, seamless and hassle-free sale of any buy-to-let property of portfolio.

Our honest and transparent approach, alongside our excellent Feefo rating, means you can rest assured that you’ll receive a realistic cash offer and unrivalled service.

Whether you have one, two or 10+ properties to sell, we’ll negotiate a deal that works for all parties, including any tenants, within a completion period that works for you.

You’ll be charged ZERO fees and have NO laborious hoops to jump through.

Why sell your rental property to a cash buyer

  • Tired of managing buy-to-let portfolio?

  • Struggling to keep up with ever-changing legislation?

  • No longer a profitable asset?

  • Want to release cash to reinvest?

  • Want to sell your portfolio in one go?

  • Have a short lease?

  • Problem tenants in situ?

  • Your property is in poor condition?

The process is easy:

  • Contact us for a no obligation valuation

  • Receive an instant cash offer

  • Take as long as you need to decide

  • Seek external legal advice if required

  • Agree a timescale that suits you from the outset

  • We take care of everything else

With absolutely no fees to pay when you sell your property for cash to Open Property Group, you might wonder how we make money and the answer is simple - buying properties for cash with our own reserve funds, we either re-sell, refurbish and resell or absorb the property into our own rental portfolio, making profits that way.

Whatever your motivation, if you want to sell your rental property or portfolio fast, get in touch today.

Latest rental purchases

Two-bedroom terraced house in Leeds – Landlord wanted to sell his buy-to-let to release equity but the temporary ban on evictions meant he needed to sell with the tenants in situ.

Three-bedroom terraced house in Manchester – Tenants had fallen behind on rent and landlord could not afford to keep the property or go through the long process of eviction.

Two-bedroom semi-detached property in Exeter – Landlord wanted to relieve herself of an old buy-to-let property which had tenants in situ and required much improvement to meet the new minimum EPC ratings.

9 properties in Weston Supermare – Retiring landlords who needed a fast and hassle-free way to offload their portfolio comprising both tenanted and vacant houses and flats.

Landlord maintenance costs continue to mount

12 March 2024 2336 Views

Landlord maintenance costs continue to mount

If interest rate rises weren’t enough to drive landlords out the market, mounting maintenance costs could be.

Various studies and surveys have revealed that maintenance, repair and refurbishment work on rental properties is a major concern for property investors.

In one report, over a quarter of landlords struggled with such costs in 2023, citing maintenance requests as the leading cause of trouble, which is four times the number of those who stated changing legislation was the main issue.

Moving forward, three in five continue to be worried about the costs of maintaining their portfolio, according to another survey, and it has become one of the key influencers behind a landlord’s decision to increase rents.

None of this surprises me though, particularly as research from Help Me Fix found that the maintenance costs account for more than a fifth of the average rental income.

Other data analysed the impact of these costs over the average ownership period of a rental property and calculated that landlords could spend over £34,000 on an average of 72 maintenance and repair tasks in nine years.

And although inflation is coming down, materials remain around a third higher than what they were in 2020. Things like screws and insulation material saw the highest price increases in 2023, while plumbing, painting and decorating contractors hikes their costs the most.

Preventative maintenance measures

Landlords have long been advised to put 1% of the property value aside for maintenance costs her year, and there are ways to make sure the expense stays as close to this as possible, or even below it.

  • Quality first

Of course, ensuring work is done to a high standard in the first place will minimise both the number of and cost of repair and maintenance requests.

  • Regular inspections

Ensuring regular inspections are carried out in a timely manner will provide more opportunities to spot potential problems before they become big issues.

  • Effective management

The value of good property management is often underestimated, and simply by servicing tenants better could mean they look after the property well and result in less voids. The latter then leads to fewer tenant changeovers and redecoration, for example.

Maintenance makeover or move on?

What landlords really need to do is sit down and work the numbers of each property. How profitable is it now? What works and improvements need to be made soon and how would the property perform if the unexpected were to happen?

In some cases, landlords will have one or two properties that would probably not warrant the financial investment in maintenance, from both a capital uplift or rental increase perspective.

For example, major heating and hot water system upgrades are potentially inevitable in some properties, but will not impact on the profitability of the property as a buy-to-let on the face of it.

Other properties, however, will be in locations were property prices are generally healthy and if there’s a lot of equity in that property, it might make complete sense to swallow any maintenance costs.

When landlords come to the conclusion though that certain properties are not worth the hassle or investment, there is a stress-free solution.

At Open Property Group, we can help landlords save thousands on overdue and urgent improvements or general upkeep of a rental property.

We guarantee to buy any rental property, as a single unit or as part of a multi-property portfolio, regardless of whether it is in poor condition and requires repairs, refurbishment and upgrades. 

If you want to find out how we can help you avoid mounting maintenance costs by buying your property for cash in a timescale to suit you, get in touch.  

Get in touch

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