Category Archives: Advise

Posted in Advise, Rentila.

Common Causes Of Stress For Landlords

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 Last updated 15/12/2022
Common Causes Of Stress For Landlords
Summary
  1. Finding a property
  2. Finding a tenant
  3. Choosing tenants
  4. Knowing your legal responsibilities
  5. Handling maintenance issues
  6. Common causes of stresses for landlords: Things to remember

If you are considering becoming a landlord because you think it will be a stress-free experience as you sit back and collect rental income, then think again.

Being a landlord can be just as stressful as a 9-5 job. Sure there’s no boss to order you about being a landlord. Still, similarly, a day job doesn’t involve putting down a serious amount of your income and being responsible for monthly mortgage payments for years.

This blog covers what causes landlords the biggest headaches and a few tips to help.

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Posted in Advise.

Top 10 Questions To Ask When Buying A Property

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 Last updated 01/11/2022
Top 10 Questions To Ask When Buying A Property
Summary
  1. Why is the owner selling?
  2. How long has the property been on the market?
  3. Has the property changed hands recently?
  4. What is the minimum price the seller will accept?
  5. Have the seller’s found a new home?
  6. What is the local area like, and are there any plans that could affect the property?
  7. Do you have noisy neighbours?
  8. How old are the boiler, roof, drains and gutterings?
  9. What is included in the property?
  10. Can they explain the energy performance certificate?
  11. Things to remember: Top 10 questions to ask when buying a property

When buying a property, you are making a significant investment that could make or break your buy-to-let business. For that reason, when viewing a property, it’s time to put aside that British habit of saying nothing for fear of being nosey or impolite.>

You need to know everything you possibly can. Sellers will be expecting a few possible questions they would prefer not to answer — so don’t be afraid. However, why not direct your questions to the estate agent if you prefer? They can help you get the information you need and perhaps even help you bag a sale at the right price for you.

Read on and bite the bullet with our all-important questions that all buyers should ask.

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Posted in Advise.

Popular Misconceptions About Becoming A Property Investor – Debunked

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 Last updated 01/09/2022
Popular Misconceptions About Becoming A Property Investor
Summary
  1. You need lots of money to invest
  2. Capital growth is most important
  3. Property damage could ruin me
  4. I’m at risk of repossession
  5. Being a property investor is easy
  6. Being a property investor is a great way to build wealth
  7. Property investing brings freedom
  8. Investing in the current climate is risky
  9. Increasing mortgage rates will add costs
  10. It’s hard to sell a property and exit the market
  11. Things to remember

Becoming a real investor is a dream of plenty of people. So many of us hope to have money to invest in property while reaping a second income and potentially having assets to leave as an inheritance for loved ones. However, a heap of popular misconceptions stops countless people from making their dreams a reality. So with that in mind, this quick read aims to uncover the myths from the truth and could be the kick starter for you to become a property investor. Let’s dig in.

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Posted in Advise.

What are the benefits of property management software?

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 Last updated 01/08/2022
What are the benefits of property management software?
Summary
  1. Advertising and marketing
  2. Tenant screening
  3. Maintenance management
  4. Online payments
  5. Contact management
  6. Financial management
  7. Lease and file management
  8. Things to remember

Are you a landlord currently making do with trying to manage your business without software geared towards property management? Well, the truth is you are likely making your life much harder for little to no saving.

Property management software is aimed at helping you with all the tasks and paperwork you need to complete, so let’s look at the benefits and how you could save yourself a heap of admin.

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Posted in Advise.

10 Steps to Finding your Ideal Rental Property

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 Last updated 01/07/2022
10 Steps to Finding your Ideal Rental Property
Summary
  1. Location
  2. Work out what you can afford
  3. Consider wants and needs
  4. Plan for the long term
  5. Get searching
  6. Stretch yourself
  7. Think about trade-offs
  8. Focus on the basics
  9. Learn everything you can about a property
  10. Be patient
  11. Things to remember

It’s all very well deciding you would like to become a landlord. But clearly, finding the right properties that tenants want to rent from you and you can make a profit from— is key to your success. This guide will give you 10 top tips to make finding your ideal rental property a lot less daunting.

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Posted in Advise, Rentila.

Should You Renovate Your Buy-to-let Property

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 Last updated 31/05/2022
Should You Renovate Your Buy-to-let Property
Summary
  1. The decision to renovate
  2. Minimal renovations
  3. Ways of renovating – Up, down or sideways and things to consider
  4. New kitchens and bathrooms, furnished or unfurnished?
  5. Hiring a Contractor
  6. Things to remember

Choosing to renovate a buy-to-let property is an entirely different decision from remodeling a home. If you decide to renovate a family home, that’s more to do with a family’s need for space. But when it comes to buy-to-let property, decisions should be based on financial circumstances. So, if you are currently in a quandary as to whether you should renovate your BTL, sit back for 5 minutes and let us help you out with the number crunching.

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Posted in Advise, Rentila.

Pros and Cons of Self Managing your Rental Property

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 Last updated 09/02/2023
Pros and Cons of Self Managing your Rental Property
Summary
  1. PROS of self managing
  2. CONS of self managing
  3. Things to remember
  4. FAQ’s

So, you are starting out on building your buy-to-let empire. You have a property ready for tenants to rent, but should you manage the property yourself or leave it in the trusted hands of a professional?

With over 19% of UK homes occupied by renters, it’s no surprise that rental management is a hot topic. Well, just like most things in life, there are pros and cons of self managing your rental property. If you are undecided, take a moment to read our short guide.

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Posted in Advise, Rentila.

9 Steps to getting a Mortgage for your BTL

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 Last updated 21/04/2022
9 Steps to getting a Mortgage for your BTL
Summary
  1. Save up
  2. Cut back on spending if need be
  3. Check your credit report
  4. Work out how much you wish to borrow
  5. Choose your mortgage type
  6. Get your paperwork ready
  7. Enlist the help of a mortgage advisor
  8. Pick a suitable property and submit your application
  9. Receive your mortgage offer
  10. Things to remember

Some lucky people (like the Queen) own property outright—and lots of it! But many buy-to-let investors start with little more than a mortgage on their first BTL property. So if you want to explore the best way to start a portfolio and get a mortgage, read on!

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Posted in Advise, Rentila.

The Advantages And Disadvantages Of Off-plan Purchasing

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 Last updated 02/03/2022
The Advantages And Disadvantages Of Off-plan Purchasing
Summary
  1. What is off-plan purchasing?
  2. The benefits of off plan purchasing
  3. The disadvantages of off plan purchasing
  4. Things to remember

If you are looking to build a buy-to-let portfolio, then off-plan purchasing is one way to do just that while potentially maximising your investment. If you haven’t heard about off-plan purchasing before, take a few minutes to read this guide. We give you the lowdown on what off-plan purchasing is, as well as the possible pitfalls and benefits. So let’s dig in.

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Posted in Advise, Rentila.

Why Invest In Buy-to-let Property

Posted on by
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 Last updated 16/02/2022
Why Invest In Buy-to-let Property
Summary
  1. What is buy-to-let?
  2. An overview of investment opportunities
  3. Why buy-to-let property is a good option in 2022
  4. What to look out for
  5. Maximising your buy-to-let property investment
  6. Things to remember

In this guide, we look at whether a buy-to-let property is a worthwhile investment. In terms of saving with a bank, one of the best deals you can get is around 2% in a long-term fixed account with no access to your cash. Meanwhile, by April, the inflation rate will probably hit 6%, which means you are losing money hand over fist. So if you are looking to build up a nest egg, then maybe you should consider investing in property.

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