The following guide provides a run-down of the areas of a home that are most at risk of being damaged in winter and acts as a handy checklist of Winter Letting Tips for landlords who needs to prepare a home for letting during this time. Continue reading Winter Letting Tips for Landlords
I’ve been using Online Letting Agents to advertise my properties for a few years now. For me they are the most economical way to market my properties on the major property portals.
Earlier this week I tried a relative newcomer to the market which, I have to say, looked a bit to good to be true. However, as it cost me nothing to use the service I decided to give it a go.
I instructed them to market this property for me on Tuesday night and within a few hours it was listed on Rightmove, Zoopla and many of the other major property portals. It didn’t cost me a penny! Continue reading Online Letting Agents Review
Tenant referencing has now evolved to the extent that insurance companies are prepared to underwrite the risks associated with the financing of Advanced Rent payments, allowing landlords to secure payment of up to six months rent up front. The insurance company underwrites the entire cost of the Advanced Rent and collection of monthly rent payments from the tenant. Continue reading Advanced Rent – is this the ultimate assurance for landlords?
Landlord possession claims increase as rent arrears are at their highest level for four years. The Government’s quarterly court statistics show that in the second quarter of 2012 there were 25,422 landlord possession claims that led to an order being made.
Since 2010 orders made in England and Wales are up by 8% with Gloucestershire and Hampshire being hardest hit with both suffering increases of 29%. Figures from Templeton LPA show there are now 99,000 tenants in arrears of two months plus, which is the highest level since 2008 and a 15% increase on last year. Continue reading Landlord Possession Claims Increase
The Universal Credit, due to be introduced in October 2013, is a new scheme which aims to simplify the benefits system by combining all in-work benefits( jobseeker’s allowance, tax credits, income support, employment and support allowance) into a single monthly payment rather than combination of a number of benefit payments as is currently the case.
The single Universal Credit payment will be paid directly to the claimant who is then responsible for passing on rent payments to their landlord. Continue reading Universal Credit Debate
Just two years after buying my first intentional property investment I owned 9 more. Buying that first one was like finding a magic lantern for my buy to let mortgage business. The Genie that popped out to grant me my wish gave me the confidence I needed to share with other prospective landlords how I got into the business and how I had overcome my nagging doubts. I was still relatively wet behind the ears but I knew more than most, especially the newbies who were starting to get interested in this new “buy to let” phenomenon. You see, when I purchased my little flat nobody had heard of the phrase “buy to let” as it hadn’t been invented. When ARLA created that phrase in late 1996 the media really grasped onto it and buy to let was in pretty much every newspaper every day. Continue reading My first intentional property investment part 3
This week’s edition features Ben Reeve-Lewis at the Property Investors Show, a challenge from Mark to Tony Robbins, Vanessa Warwick tackles tenant referencing and Neil looks at some completed finance deals. There’s plenty in the news too with regulation, Newham
Continue reading Property118 Landlords Newsletter – Issue 112
When it comes to being a Landlord, whether you self-manage or have a fully managed service, tenant referencing is a major priority and never a task to underestimate the importance of.
A “bad” tenant should be avoided at all costs. They can stop paying the rent, damage your property, and their anti-social behaviour can cause problems with neighbours and other tenants alike that could have on-going “loss of rent” implications. Continue reading Never mind “The Mouse That Roared” … how about “The tenant that mooooo’d!!”?
Buy to let really did boom in 2011 – with the total up 12% on the previous year as 692,766 homes were rented out.
As buy to let rampaged to a new high, home sales dropped back by 12,000 in the year to 769,077.
The trend was for buy to let to increase each quarter through the year – with the third quarter showing the biggest rise of 14.46%. Continue reading Buy to let did boom in 2011 – it’s official!
An article written in ire is not usually a good thing generally but my ire this time has been growing for some time and based on sound and constructive principles that I think many P118 readers, especially those who know me, would share.
An article in the Daily Mail published in 2008 reported on a Merseyside based Estate Agent, Sutton Estates, who started putting up boards on houses of people owing rent, saying “Rent dodger lives here”. What made me even angrier was a tweet that went out this weekend from an industry professional urging everyone to read it because it was ‘Very funny’. Continue reading Systems thinking for the PRS