Self-managing a property saves landlords money, but it’s not for everyone. There is a lot to think about and the penalties for forgetting crucial parts of the process can be steep. As with many things in life, being organised is essential. To help you get started, here is a checklist of must-do tasks.
Self storage is a service wherein individuals, households, and businesses are provided with clean and secure private storage spaces, which they may use to keep old furniture, unused appliances, seasonal clothing and equipment, and much more.
Investing in property is a big step. It’s definitely not a get-rich-quick scheme. If the stars align and you are business-savvy, you can enjoy a good return – arguably much greater than depositing money in a savings account!
Selling an investment property is not as straightforward as selling a residential property. Unless the property is empty, you have a tenant to consider. Although you ‘own’ the property, the tenant has rights. This means you can’t call your local estate agent and stick the property on the market without giving the tenant a second […]
“Are voids always an issue with HMO’s? What would one estimate average monthly voids for HMO’s?” I often take part in discussions in face book property groups and very often they begin with a question from a new landlord or a person who is hoping to become a landlord or “get into property” via rent […]
The buy to let sector is still attractive to many people. Literally anyone can be a landlord. As long as you have enough money to buy a second property, you can let it to tenants and charge them rent for the privilege of living there.
Antisocial behaviour (ASB) can cause neighbourhood misery. For problems such as loud music late at night affecting neighbours and other people living in the property, it can feel like they are living a nightmare that never ends.
Voids cost landlords money. It’s less of a problem in HMOs, as you’ll still have rental income from the remaining rooms. Since the aim of buy to let investment is to maximise your rental income, it makes sense to take steps to avoid property voids where possible.
HMOs are one of the most profitable sectors of the buy to let market – landlords can earn three times as much from letting out rooms in a shared house compared to letting a property to a single family. Rental arrears are also less of a problem, as even if one tenant defaults, you still […]
The full implications of the COVID pandemic are still unknown, but the UK economy has already shown a significant negative impact and it’s likely to affect the property market for several months, if not years. These are a few of the reasons why landlords should be preparing now for diminishing profits:
Landlords have a duty of care to ensure there are no vermin in a rental property before a tenant moves in. No tenant wants to be sharing their home with an army of cockroaches, rats, bedbugs or fleas.
A new university term is just around the corner. In two short months, millions of students might be leaving the bosom of their families and heading to university. If you’re a student landlord, you are probably gearing up to accept a new clutch of eager-beaver young people who are keen to get started on their […]
One of the many unfortunate consequences of Lockdown has been an increase in both Anti Social Behaviour and rent arrears in private rented property. Most of us realised early on that some tenants would struggle to pay their rent and that some tenants would take the opportunity to withhold rent despite the fact that they […]
Over a quarter of the UK’s workforce has been furloughed, many others have been made redundant or are self-employed and unable to work during lockdown. While some homeowners have been able to take a break from their mortgage payments, tenants facing financial struggles may have had difficult conversations with landlords about rent payments.
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