Category Archives: Rentila

Posted in Advise, Rentila.

7 common mistakes landlords make when renting

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 Last updated 04/04/2025
7 common mistakes landlords make when renting
Summary
  1. Not doing proper tenant screening and background checks
  2. Lacking adequate insurance coverage
  3. Not having a comprehensive tenancy agreement
  4. Failing to protect the security deposit
  5. Not keeping accurate records and paperwork
  6. Not understanding tax obligations
  7. Not staying up-to-date with the regulations
  8. FAQs
  9. Things to remember

Being a landlord can be lucrative, but pitfalls can lead to headaches and costly mistakes. With so much to keep track of, it’s easy to overlook a few essential details. Fortunately, there are simple steps to minimise your chances of making a costly error when renting out your property.

Let’s look at the seven most common mistakes landlords make when renting in the UK and how to avoid them.

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Posted in Advise, Rentila.

Spotting the next up-and-coming area for a great BTL investment

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 Last updated 04/04/2025
Spotting the next up-and-coming area for a great BTL investment
Summary
  1. Evaluate historical results
  2. Use local knowledge to identify opportunities
  3. Do your research on local employment and demographics
  4. Analyse rental prices, vacancy rates, and yields
  5. Take a closer look at the location’s infrastructure and amenities
  6. FAQs
  7. Things to remember

Property can be a great way to generate income and increase wealth, but it requires careful research and planning. You need to know how to spot the areas that will offer the greatest return on investment (ROI) and how to manage your properties so they remain profitable.

This article offers five insightful tips to help you find the perfect buy-to-let (BTL) investment opportunity. And by the end, you’ll have all the knowledge you need to make an informed decision about your next BTL investment.

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Posted in Rentila.

The difference between a holding deposit and a tenancy deposit

Posted on by
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 Last updated 04/04/2025
The difference between a holding deposit and a tenancy deposit
Summary
  1. What is a holding deposit?
  2. What is a tenancy deposit?
  3. What is the difference between the two deposits?
  4. How does the tenancy deposit scheme (TDS) work?
  5. Legal requirements for the holding deposit and tenancy deposit?
  6. How Rentila can help independent landlords with their deposits
  7. FAQs
  8. Things to remember

Every independent UK landlord has undoubtedly heard of holding deposits and tenancy deposits. However, do you understand the differences between the two? Although they’re both payments made to landlords by tenants as part of a tenancy agreement, there are some key distinctions that every landlord should be aware of.

In this article, we’ll explain the difference between a holding deposit and a tenancy deposit, as well as provide helpful advice on managing them both.

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Posted in Advise, Rentila.

Common causes of stress for landlords

Posted on by
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 Last updated 28/04/2025
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. FAQs
  7. 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 Rentila.

What do tenants look for when renting

Posted on by
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 Last updated 28/04/2025
What do tenants look for when renting
Summary
  1. Location and transport links
  2. Security
  3. Open plan space
  4. Outdoor space
  5. Fitted appliances
  6. Good condition
  7. Pet friendly
  8. FAQs
  9. Things to remember

As a landlord (possibly with a few properties), you may know what you like and think you know what your tenants want. But at Rentila, we have our finger on the pulse of what tenants are looking for in a rental property. So read on to ensure you keep up with current rental market trends.

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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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