Category Archives: Advise

Posted in Advise.

Top Tips For Landlords Investing In Student Lets

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 Last updated 01/08/2021
Top Tips For Landlords Investing In Student Lets
Summary
  1. Why should I rent to students?
  2. What are the disadvantages of renting to students?
  3. What type of property is suitable for students?
  4. How to market your student lets
  5. How to secure your monthly rent and protect your income
  6. How to furnish your student property
  7. Legal Requirements
  8. Things to remember

Students are not exactly the pinnacle of society. Given at least three years off work after being released from mum and dad’s protective care, they are synonymous with heavy yet-to-be-controlled drinking and still need mum to clean their bedroom and pants.

So why the heck would you want to rent to these curious all grown-up now little darlings?
That’s the million-dollar question.

But hey, if you are aiming to build a million-dollar property portfolio – students always need somewhere to live. And student letting boasts some of the highest profits available when it comes to renting. So, let’s get into how students could be a great way to boost your portfolio and some top tips.

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Posted in Advise.

How Do You Reduce The Risk Of Problem Tenants?

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 Last updated 02/07/2021
How Do You Reduce The Risk Of Problem Tenants?
Summary
  1. Tenant referencing
  2. Check regularly
  3. Keep in touch
  4. Get insured
  5. Tenancy agreement
  6. Things to remember

Renting a home is a business like no other. It requires a massive investment, and who you sell to (i.e. your tenants) can make or break your business. You are essentially entrusting a significant part of your finances to another person, so a problem tenant can destroy your nest egg. Renting to a problem tenant can also cause you stress and even seriously affect your mental and physical health. You need to do everything you can to avoid this. But how, exactly?

Well, follow the steps in this guide to avoid being a suitable candidate to appear on the popular TV show, Nightmare tenants, slum landlords.

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Posted in Advise, Rentila.

What Are Typical Landlord Expenses And How To Keep Track

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 Last updated 01/03/2021
What Are Typical Landlord Expenses And How To Keep Track
Summary
  1. Turnover
  2. Marketing
  3. Annual certifications
  4. Repairs and maintenance
  5. Insurance
  6. The Taxman
  7. How to keep track
  8. Things to remember

It’s easy enough to assume that rent minus mortgage fees equals profit for you as a landlord. But there are far more expenses involved in renting property, and if you were to go on this simple equation, you’d soon find yourself out of business. In this short guide, we take a look at the expenses you will encounter being a landlord and how you can keep track.

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Posted in Advise.

10 Issues To Address Before A New Tenant Moves In

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 Last updated 01/02/2021
10 Issues To Address Before A New Tenant Moves In
Summary
  1. Complete any repairs
  2. Check the plumbing, heating and electrical
  3. Clean the property
  4. Have all necessary inspections completed
  5. Change the locks
  6. Complete any tenant requests
  7. Collect the first month’s rent and security deposit
  8. Sign the new lease
  9. Go through the move-in checklist with your tenant
  10. Give the tenant your contact details
  11. Things to remember

So you’ve found a tenant to move into your property. Great! But there are still some things you need to do before you can hand over the keys and collect your monthly rent.

Making a checklist is easy and will make sure that everything is in order, so you can sit back and relax with what should be a mutually beneficial arrangement. Here’s a super easy checklist to tick through and cross off, as you go.

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Posted in Advise.

Co-living Explained for Landlords

Posted on by
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 Last updated 12/10/2020
co-living
Summary
  1. Co-living explained
  2. Typical Renters of co-living spaces
  3. Why should landlords consider co-living?
  4. Other benefits
  5. Considerations
  6. Extras and add-ons
  7. Things to remember

If you’re a landlord looking to increase margins, then you need to know about co-living. It’s a new market for the UK and savvy landlords are itching to get in on this cash cow rental sector. In this quick guide, you’ll find co-living explained for landlords in full. So dig in!

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Posted in Advise.

7 things you need to know before you become a landlord

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 Last updated 14/04/2021
RGPD y el Sector Inmobiliario
Summary
  1. Join an association
  2. Don’t skimp on insurance
  3. Vet your tenants well
  4. Look after your tenants
  5. Know who to turn to in an emergency
  6. Make sure you don’t break the law
  7. Remember you’re running a business
  8. Important things to remember

Becoming a landlord is no small decision. It can give you monthly income and allow you to acquire properties that can be used for retirement funds and inheritance. Before you make this huge business, career, and financial decision read our quick guide on things you should know before you become a landlord.

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Posted in Advise.

7 Tips to Save Money As a Landlord

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 Last updated 25/05/2021

7 Tips to Save Money As a Landlord

Summary
  1. Grab a bargain
  2. Smaller properties!
  3. Shop around for the best rates
  4. Do work yourself
  5. Avoid void periods
  6. Manage properties yourself
  7. Choose one paint

With new tax changes in 2020 squeezing margins for landlords, it’s becoming more difficult to turn a profit each month. It’s important that rental entrepreneurs protect their bottom line. So here are 7 of the best tips to save money as a landlord.

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Posted in Advise.

What can your landlord deduct from your deposit?

Posted on by
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 Last updated 15/01/2021
Tenancy Security Deposit
Summary
  1. Unpaid Rent and Bills
  2. Redecoration
  3. Cleaning
  4. Gardening
  5. What your landlord cannot deduct for – Wear and Tear
  6. How to get your deposit back
  7. Tenant’s Checklist: Things to Remember

Moving home is stressful enough without wondering if your landlord will return your deposit. Landlords deduct for many reasons. But gone are the days of ruthless landlords who would keep your tenancy deposit, come what may. It’s now law for your deposit to be protected in a government scheme. There, it will stay, until it comes time to move on. It’s at this point you can make sure the property is in good condition and your landlord deducts the correct amount.

There’s no point asking for a full deposit if there are issues with the property. Your landlord may deduct money from your deposit for several things. In this short guide we detail what your landlord can and cannot deduct from your deposit.

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Posted in Advise.

What are Landlord’s Biggest Worries?

Posted on by
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 Last updated 15/01/2021
What are landlords biggest worries?
Summary
  1. Tax
  2. Rental Payments
  3. Refusing to Leave
  4. Repairs
  5. Brexit 
  6. Void Periods
  7. Important things to remember

Being a landlord is a huge undertaking. It’s not a passive form of income whereby rent money just lands in your bank account every month over and above your mortgage payment. If only! Landlords have several concerns heading into 2020. Here we list landlord’s biggest worries.

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