Landlords invited to launch event for Advanced Rent Option
Landlords and property investors are being invited to a launch event for the Advanced Rent Option (ARO), a rental product which allows them to receive their annual rent upfront in one lump sum.
The free event, taking place at London’s Royal Institution of Great Britain between 6.30pm and 9.30pm on Wednesday 28 August 2019, will mark the official launch of ARO with a range of industry guest speakers and presentations.
Simon Shinerock, owner of Choices Estate Agents, said: “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.
“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.”
ARO provides investors with a lump sum to expand their property portfolio, manage buy-to-let mortgage payments or make a luxury purchase such as a car or holiday.
With ARO, landlords can receive up to 12 months’ rent in advance, less the equivalent of standard letting agency fees, new tenancy setup fees, an emergency maintenance float and optional rent guarantee.
Charlie Bryant, managing director of Zoopla and Vanessa Warwick of Property Tribes will attend the event.
The Zoopla boss will be taking part in a panel debate alongside Shinerock, renowned property developer and investor John Howard, and certified accountant and tax advisor Karl Carraher.
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.
The debate, chaired by Watkin, will focus on the changing landscape of the lettings industry.
Watkin added “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.”
Landlords and investors who attend the event will have the opportunity 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.
ARO is being offered through Choices Estate Agents and its associated brands using the Primary Tenancy service.
Shinerock said: “A combination of challenging market conditions and record low buy-to-let mortgage rates means now is the perfect time for savvy investors to expand their portfolios.
“However, finding the capital to do so – 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.
“We’re looking forward to welcoming landlords and investors of all levels to the Royal Institution of Great Britain on August 28 to present the ARO and discuss the future of the industry we all care so much about.”
Powered by Choices, the launch event is being hosted by Angels Media, the publisher of industry publications Estate Agent Today, Letting Agent Today, Landlord Today and Property Investor Today.