Enjoy rental income from Day 1 and zero buyers’ fees when purchasing your own (already) tenanted property
Fully-furnished, fully compliant, ready-to-go rental properties at a fair price, with our experienced buy-to-let specialists
Thinking of investing in a buy-to-let property?
If you feel put off by all of the hoops you’ll have to jump through - and the time it takes - to get fully compliant and ready for tenants to move in, you’re not alone.
But what if we told you that you could bypass all of the hassle, and buy a property with tenants already in place?
You’re not dreaming; you’ve just stumbled across Portolio.
We’re changing the way property investment is done, to allow landlords the opportunity to buy and sell rental properties - with hardly any of the fuss.
We like to think of ourselves as saving the private rental sector one buy-to-let at a time!
Why buy a property with sitting tenants?
Buying a property with sitting tenants means that essentially, all the hard work’s been done for you. Simply enjoy the immediate income and your new responsibilities as a landlord.
- Instant rental income - receive rent on Day 1 of ownership
- A fully furnished, fully compliant and ready-to-go rental property
- Experienced hands to ensure you’re paying the right price for your property
- Zero buyers’ fees - we’ll repeat that. Zero buyers’ fees
- No risk or stress with our experienced team
- Actually know the rental price before you purchase
- Little or no capital expenditure
- A transparent and straightforward service (outlined below)
With over 30 years’ experience in the buy-to-let property market between us, and our insider knowledge, we can seamlessly guide you through the process from start to finish.
Looking to invest? Take the first step today and sign up to receive tailored property alerts #ThePortolioWay
Examples of great investment opportunities listed on our site:
How does it work? Our step-by-step process:
This is how we like to roll (it's pretty simple).
Step 1: Get in touch with us for a no-strings chat One of our friendly team will have an initial chat about the areas you’re looking to invest in, what your money can potentially get you, and explain more about how it works with sitting tenants. We’ll also ask if you’re using a mortgage to buy, and have all the necessary agreements in place - it’s important to be ready to move quickly.
Step 2: Sign up to tailored property alerts Once we’ve established a better idea of what you’re looking for, we’ll give you the option of signing up to tailored property alerts (depending on yield, your budget, and the areas in which you’re looking to buy). These contain properties that are not necessarily featured on our site.
Step 3: Request info on the properties you like Whether you see a property you like on our site, or through our email alerts, we can supply you with all the information you need. Along with the home report, you’ll have access to photos, safety certificates and, in some cases, video.
Step 4: Arrange a viewing You’ll meet one of our friendly buy-to-let specialists at a time which suits you. We’ll show you around, point out areas of interest (including compliance aspects), answer any questions, and sometimes you’ll get the chance to meet the tenants.
Step 5: Submit an offer It’s time to make a verbal or formal offer! If your offer hits the same level as the listed price, it would move us onto the next step. If not, we can help you to negotiate with the seller until you come to a mutually agreeable purchase price.
Step 6: Sit tight for the conveyancing bit This part can take 6 - 8 weeks, but during this time we’ll take a proactive role in looking out for any potential traps, smoothing the way with lenders, and ensuring all is in place with your solicitor and how you plan to manage the property.
Step 7: Congratulations - you’re a landlord! You can now enjoy immediate rental income, safe in the knowledge that your buy-to-let is fully compliant, having gone through a stress-free buying process. Hurrah!
How does it work? Our step-by-step process:
This is how we like to roll (it's pretty simple).
Step 1: Get in touch with us for a no-strings chat One of our friendly team will have an initial chat about the areas you’re looking to invest in, what your money can potentially get you, and explain more about how it works with sitting tenants. We’ll also ask if you’re using a mortgage to buy, and have all the necessary agreements in place - it’s important to be ready to move quickly.
Step 2: Sign up to tailored property alerts Once we’ve established a better idea of what you’re looking for, we’ll give you the option of signing up to tailored property alerts (depending on yield, your budget, and the areas in which you’re looking to buy). These contain properties that are not necessarily featured on our site.
Step 3: Request info on the properties you like Whether you see a property you like on our site, or through our email alerts, we can supply you with all the information you need. Along with the home report, you’ll have access to photos, safety certificates and, in some cases, video.
Step 4: Arrange a viewing You’ll meet one of our friendly buy-to-let specialists at a time which suits you. We’ll show you around, point out areas of interest (including compliance aspects), answer any questions, and sometimes you’ll get the chance to meet the tenants.
Step 5: Submit an offer It’s time to make a verbal or formal offer! If your offer hits the same level as the listed price, it would move us onto the next step. If not, we can help you to negotiate with the seller until you come to a mutually agreeable purchase price.
Step 6: Sit tight for the conveyancing bit This part can take 6 - 8 weeks, but during this time we’ll take a proactive role in looking out for any potential traps, smoothing the way with lenders, and ensuring all is in place with your solicitor and how you plan to manage the property.
Step 7: Congratulations - you’re a landlord! You can now enjoy immediate rental income, safe in the knowledge that your buy-to-let is fully compliant, having gone through a stress-free buying process. Hurrah!
Frequently asked questions
We’ve answered some of your burning questions, below:
Why are these places tenanted? When a landlord decides to sell they usually end the tenancy and then start the selling process. Simply, these landlords have decided to start the process now, and sell with the tenants still in the property.
What happens after I buy the property? You’ll inherit the tenants when the sale completes - no new lease agreement required (unless desired by both parties). You may decide to keep the same letting agent (if applicable), self manage, or choose your own letting agent.
Will I have to pay any extra fees? Nope. We’re the landlords’ estate agent, and are working for the person selling the property. There are no fees for buying any of the properties on our site, and all of our fees are charged to the seller.
Do I need to keep the tenants? After the sale completes, it’s completely down to you and your tenants what happens. However, it’s against the law to evict a tenant without good reason - remember, there’s no substitute for good tenants!
Will I still need a solicitor? Yes. We’ll do all the work until your offer has been accepted and then pass the baton to the solicitors, to deal with the missives.
How will I know I’m getting good tenants? It’s the Portolio promise that we don’t sell any properties with that have been flagged with antisocial behaviour, or rent arrears.
Don't just take our word for it. Here’s what some of our delighted customers are saying
Overall Google rating:
Looking to invest? Take the first step today and sign up to receive tailored property alerts #ThePortolioWay
Once you fill in the form, we’ll sent you tailored property alerts based on your preferences, so you'll see all the latest tenanted properties we've got that are selling on the open market. See one you like? Just get in touch, and we'll send you all the details - including a home report!
Portolio | Copyright 2019