For landlords, short-term rentals are a great way to make some extra cash. You can rent out a property for a few nights on an ad-hoc basis or treat it as a long-term business model. What many property owners don’t realise is the dangers of such rentals in the current pandemic.
The coronavirus pandemic has decimated the travel industry, with the number of tourists visiting from overseas down by 22%. Experts say tourist numbers could fall even further, by as much as 80% in as the pandemic rumbles on, so where does this leave short-term let landlords?
The Covid-19 pandemic has changed almost every aspect of our lives. From enforced lockdowns to panic buying in the supermarkets and working from home, 2020 has been a difficult year for all of us. Sadly, there are no signs life will be returning to normal any time soon!
New data from Howsy suggests that demand for rental accommodation has risen by 13% in major UK cities.
Landlords and tenants have been struggling since the pandemic hit. A mix of job losses and a moratorium on evictions has respectively cost landlords and tenants dearly. Data published by a lettings platform shows that in 70% of areas, the average rent has fallen since the country entered lockdown.
Unless the government throws another last-minute spanner in the works, from 20th September 2020, landlords can start serving eviction notices once again. From Monday 21st, the courts will reopen, and cases will once again be heard. There will be a significant backlog to get through before things revert to normal.
A change in law means landlords must give tenants six months’ notice when serving an eviction notice to tenants. The government says this will give tenants extra time to find somewhere else to live over the winter.
We don’t need our tenants to be on benefits this is available to all and the landlord will control the application – very good news.
A court ruling in July banned landlords in the private sector from discriminating against tenants on benefits. The case was brought by housing charity Shelter, after a single mother with two children was made homeless. No private landlord would let a property to her. The judge ruled that a blanket ban on so-called ‘DDS tenants’ […]
Evicting tenants is never easy. It can take up to eight months from serving a Section 21 notice to finally getting the keys back. Evictions are on hold until 24 August, but even when the courts reopen, there is likely to be a backlog of cases on the docket. To make matters worse, landlords face […]
Invoices in Landlord Vision are a key part of what drives the software’s accounting engine. In this post we’ll explain how the software uses invoices, how you can make use of them (or get rid of them) and some troubleshooting tips based on our most frequently asked invoice questions.
An NRLA campaign to help beleaguered tenants and landlords in Wales has been successful. Tenants who have fallen into rent arrears because of the pandemic can now apply for loans, which will be paid directly to their landlord.
Tenants are using falling rents in London to renegotiate their rents. It seems the tide is turning in favour of renters, and landlords stuck with buy to let mortgages are caught between a rock and a hard place.
Covid-19 may have crippled the economy and sent government debt levels soaring, but the buy to let sector is enjoying a renaissance. As lockdown eases across the UK, the number of people searching for rental accommodation has increased. This has led to many landlords increasing the rent in their properties.
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