7 common mistakes landlords make when renting

7 common mistakes landlords make when renting

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

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

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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The difference between a holding deposit and a tenancy deposit

The difference between a holding deposit and a tenancy deposit

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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Common causes of stress for landlords

Common causes of stress for landlords

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.

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What do tenants look for when renting

What do tenants look for when renting

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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Should You Renovate Your Buy-to-let Property

Should You Renovate Your Buy-to-let Property

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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Pros and Cons of Self Managing your Rental Property

Pros and Cons of Self Managing your Rental Property

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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9 Steps to getting a Mortgage for your BTL

9 Steps to getting a Mortgage for your BTL

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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The Advantages And Disadvantages Of Off-plan Purchasing

The Advantages And Disadvantages Of Off-plan Purchasing

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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Why Invest In Buy-to-let Property

Why Invest In Buy-to-let Property

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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