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Lettings & Management

ARLA figures suggest lack of housing supply taking firm hold

ARLA figures suggest lack of housing supply taking firm hold

22/04/2013

Tenants are now staying in one property for a record duration of 20 months, according to the latest research from the Association of Residential Letting Agents (ARLA).  This figure is up year-on-year from an average of 19 months in Q1 2012, indicating that tenants are starting to take a longer-term view of renting a property…. Read more

Free ebook – investing in Cambridge

Free ebook – investing in Cambridge

18/04/2013

Buy to let investors in Cambridge can see between 12 to 15% pre tax income on capital employed. Cambridge – an expensive, highly sought after area and a market place often not understood by investors. There are six key housing drivers in the Cambridge market – a) 28,000 students b) 8,000 involved in work with… Read more

Do tenants have choices?

Do tenants have choices?

16/04/2013

Am I the only person in the world who is sick to the back teeth of hearing stories of letting agents charging extortionate fees to tenants? Same goes for poor quality properties. Either I’m living in a bubble here in Norfolk or something is wrong with these claims. Very simply, if I were to use the wrong… Read more

ICO Data Protection clampdown on letting and estate agents

ICO Data Protection clampdown on letting and estate agents

08/04/2013

A targeted campaign by the Information Commissioner’s Office (ICO) to get property agents to register under the Data Protection Act has seen a dramatic rise in compliance across the sector. Since the ICO’s campaign began in September 2010, an additional 2,500 property agents have signed up, with 5,057 estate agents and 2,669 letting agents currently… Read more

Many landlords are not maintenance experts, however ….

Many landlords are not maintenance experts, however ….

25/03/2013

One of the things that always scares me about property and, to be honest, stopped me from buying properties earlier was my lack of maintenance skills. I knew nothing about the causes of damp, how much windows cost, consumer units, or where to source trade kitchens etc. As for roofing – the costs scared me… Read more

Buying a rented house and not retaining the agent

Buying a rented house and not retaining the agent

21/03/2013

I am buying a house from my brother that he is renting via an agent. I do not want to use the agent and would like to manage it myself however the existing tenants want to stay whom were found by the agent. The agent has said to me that this is only possible if… Read more

Has your tenant served notice?

Has your tenant served notice?

15/03/2013

I receive a lot of private emails from readers asking who I use personally to manage my properties. If they are local, my brother and I tend to manage them ourselves. However, we do use agents to manage some of the properties we own outside Norfolk. One day, we might decide to take up golf… Read more

Guaranteed Rent – A Warning for Landlords

Guaranteed Rent – A Warning for Landlords

13/03/2013

A growing number of Landlords are falling for a “Guaranteed Rent” scam which enables a landlord or an agent to sublet a property. There are several examples of how this works, below is a relatively “clean” one, I will share a much nastier example of how landlords are being stung as comments begin to appear… Read more

Why do some perfectly good tenants fail referencing?

Why do some perfectly good tenants fail referencing?

08/03/2013

Are there some agents out there frustrated by the declines they get for some of their tenants, when they seem perfectly fine? Below are just a few reasons as to why this could be.

Are Rent Guarantees Worth Buying?

Are Rent Guarantees Worth Buying?

06/03/2013

Increasing rents, a difficult economy and job losses mean a growing number of tenants are struggling to pay their rent. When rental income is relied upon to cover a buy-to-let mortgage, arrears can be a very real risk and it doesn’t look like the economy is going to improve significantly any time soon. As rents… Read more

Another question about Renewal Fees (sorry)

Another question about Renewal Fees (sorry)

03/03/2013

I enlisted an Estate Agency (one of the big expensive international ones) to help me find tenants for a property I have to rent out as I can’t afford to live there myself! Initially I was looking to pay for a Management service, but they were too expensive, so I negotiated a drop in the… Read more

Lettings package exclusively for Scottish Landlords

Lettings package exclusively for Scottish Landlords

27/02/2013

Scottish landlords want at least three things from their tenants:- – Rent paid on time – Respect the property – Respect the neighbours There are many ways to find these perfect tenants and to insure against the risks of any problems. The cost of full property management in Scotland has been increasing as agents are… Read more

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