Category Archives: Advise

Posted in Advise, Rentila.

Understanding rent guarantee insurance: Is it worth it for landlords?

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 Last updated 27/11/2024
Understanding rent guarantee insurance: Is it worth it for landlords?
Summary
  1. What is rent guarantee insurance and what does it cover?
  2. Is it mandatory?
  3. Pros of rent guarantee insurance
  4. Cons of rent guarantee insurance
  5. FAQs
  6. Things to remember

The costs of being a landlord are ever-increasing and it’s tempting to shave a few pounds off the bottom line whenever you can. But is skipping rent guarantee insurance the way to do it? It certainly comes with its risks.

Rent guarantee insurance offers financial protection to landlords in case the worst happens. But how likely is it? Are there cheaper options? And what exactly is the financial protection you get from having insurance?

In this article, we’ll explain what rent guarantee insurance is, what it covers, and the pros and cons of investing to help you decide whether it’s an essential spend for you.

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Posted in Advise, Rentila.

Investing in a Buy-to-Let property with family or friends: risks, benefits and expert tips

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 Last updated 05/11/2024
Investing in a Buy-to-Let property with family or friends: risks, benefits, and expert tips
Summary
  1. What are the benefits of co-investing ?
  2. What are the risks of co-investing ?
  3. How to reduce the risks when investing with family or friends ?
  4. FAQs
  5. Things to remember

Co-investing in a buy-to-let property with friends or family – is it a good idea? It certainly can be, but it’s important to get the full picture before jumping in headfirst.

In this article, we’ll explain the many benefits that come with investing in a buy-to-let property with family or friends as well as the risks involved. At the end, we’ll share our top tips on how to make investing with people you know work as it should.

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Posted in Advise.

How to amend an existing tenancy agreement: A step-by-step guide for landlords

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 Last updated 02/10/2024
How to amend an existing tenancy agreement: A step-by-step guide for landlords
Summary
  1. Can a landlord change a tenancy agreement?
  2. How to amend an existing tenancy agreement: Step-by-step
  3. When should landlords make changes to a tenancy agreement?
  4. Can you charge a tenant for changes to a tenancy agreement?
  5. Do you need to renew a tenancy agreement?
  6. Why should landlords renew a tenancy agreement?
  7. FAQs
  8. Things to remember

Changing an existing tenancy agreement must be done right. Properly recording the changes protects landlords from accidentally invalidating a contract or breaching a tenant’s rights.

In this article, we’ll explain how to change an existing tenancy agreement step-by-step and offer guidance on the most important elements to consider.

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Posted in Advise.

Viewing a buy-to-let property: Key points to consider before investing

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 Last updated 10/09/2024
Viewing a buy-to-let property: Key points to consider before investing
Summary
  1. What determines rental value?
  2. How do you analyse a buy-to-let property?
  3. Key questions to ask during a buy-to-let viewing
  4. FAQ’s
  5. Things to remember

Every good buy-to-let investment starts with a viewing. When first laying eyes on your potential investment, certain points must be considered to determine if it’s going to be a money maker or a financial black hole.

In this article, we’ll talk through the most important points to consider before investing in a buy-to-let property. We’ll share our advice on how to decide during a viewing whether it’s the right property for you.

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Posted in Advise.

The pros & cons of pet-friendly rentals

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 Last updated 03/07/2024
The Pros & Cons of Pet-Friendly Rentals
Summary
  1. The benefits of allowing pets in your rental property
  2. Potential drawbacks of pet-friendly rentals
  3. Setting clear pet policies in your lease agreement
  4. Tips for preparing your property for pet tenants
  5. FAQ’s
  6. Things to remember

Pets can make a property feel more like home for tenants, so it’s just intuitive to make some provisions for them if you want to boost your rental income.

However, before you commit, it pays to weigh the pros and cons. Pets can damage property or annoy neighbours if rules aren’t set. But a pet-friendly policy also attracts great tenants who stay longer.

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Posted in Advise, Rentila.

How to manage renovations and repairs when purchasing a BTL property

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 Last updated 16/12/2024
How to manage renovations and repairs when purchasing a BTL property
Summary
  1. Understanding your responsibilities for rental property maintenance
  2. Creating a proactive maintenance plan
  3. Establishing a repair and renovation budget
  4. Communicating with tenants about repairs and renovations
  5. FAQ’s
  6. Things to remember

If you recently purchased a buy-to-let (BTL) property, you’re probably projecting just how much rental income you’ll generate over the next few years. However, the work’s just getting started.

As any experienced landlord knows, managing repairs and renovations is key to keeping tenants happy and profits flowing. But how should you go about it?

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Posted in Advise, Rentila.

The pros and cons of fractional real estate ownership

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 Last updated 03/05/2024
The pros and cons of fractional real estate ownership
Summary
  1. What is fractional real estate ownership?
  2. Pros of fractional real estate investing
  3. Cons of fractional real estate investing
  4. Other alternative real estate investment options
  5. FAQ’s
  6. Things to remember

You’ve heard of timeshares, right? Shared holiday homes where you buy just a slice of the property…

Well, fractional real estate takes that idea and turbocharges it. We’re talking about high-end property investment in prime locations with the opportunity to own a fragment of a multimillion-dollar asset. Sounds too good to be true? It just might be.

There are several benefits and downsides of fractional real estate ownership, and it’s important to evaluate both sides for a sound investment decision. Let’s begin by outlining what this property investment strategy is all about.

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Posted in Advise, Rentila.

How to secure a rental property: guide for landlords

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 Last updated 06/04/2024
How to secure a rental property: guide for landlords
Summary
  1. Securing property against burglary
  2. Protecting rentals from fire damage
  3. Preventing water damage in rental units
  4. Dealing with unruly tenants
  5. FAQ’s
  6. Things to remember

Did you know that England and Wales experienced 273,076 burglary cases in the year ending September 2023?

As a landlord, you want to protect your property and tenants. But how do you secure a rental from threats like burglary, fire, water damage, and unruly residents?

Don’t sweat it; we’ve got your back. Join us in this read, where we explain how to secure a rental property. We’ll walk through essential tips to safeguard your BTL property so you can sleep easy at night, knowing your rental is protected.

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Posted in Advise.

What is a healthy cash flow for your BTL property?

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 Last updated 03/04/2024
What is a healthy cash flow for your BTL property?
Summary
  1. The importance of Buy-to-Let cash flow for investors
  2. How to calculate cash flow for a rental property
  3. What is considered a healthy cash flow amount?
  4. 3 tips to improve your Buy-to-Let cash flow
  5. FAQ’s
  6. Things to remember

A good measure of a (buy-to-let) BTL’s cash flow is the rental yield. To achieve a healthy cash flow for your BTL property, it’s important to aim for rental yield values of at least 5%. But what does that actually mean for your bottom line?

Understanding cash flow helps you determine if your rental property is profitable and worth keeping. In this article, we’ll cover what cash flow is, why it matters, and how to calculate it for your BTL so you can make the most of your investment. Let’s start by understanding the importance of cash flow for BTL.

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Posted in Advise, Rentila.

How to evict a tenant in the UK

Posted on by
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 Last updated 04/03/2024
How to evict a tenant in the UK
Summary
  1. Understanding the different tenancy agreements
  2. How to evict a tenant in the UK
  3. 4 Important considerations and legal tips when evicting tenants
  4. FAQ’s
  5. Things to remember

With about a 32% increase in eviction notices served to tenants between 2022 and 2023, landlords have increasingly found reasons to evict tenants in the UK. But this doesn’t mean eviction is straightforward; tenancy law is complex, and there are lots of legal procedures to adhere to.

In this comprehensive guide, we’ll walk you through the step-by-step process of how to evict a tenant in the UK, ensuring you comply with the relevant laws and regulations.

But first, let’s start by examining the different types of tenancy agreements, as it’s crucial to help you assess what eviction rules apply to you.

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