Rentila

Navigating rent increases: When and how to raise the rent

Summary

Growing revenue is essential for landlords to keep up with inflation. One key way to increase earnings is through rent increments. And with recent data showing that UK rents rose by 6.2% year over year, now is the perfect time to increase your rent.

However, you need to maintain a delicate balance between profitability and tenant satisfaction. Factors to consider include local market conditions, legal restrictions, your property’s unique circumstances, and the proper way to notify tenants.

This guide will walk you through the process of navigating rent increases, providing you with the knowledge and strategies to make informed decisions that benefit both you and your tenants in today’s dynamic rental market.

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Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Steady rise in house prices points to growth in confidence; UK Build to Rent investment hits record high; ‘New normal’ will be mortgage rates between 3.5% and 4.5%; Government urged to fix renting crisis as rents rise by 35 per cent in Shropshire; Cheapest places to rent as Black Country named most affordable for housing; Renters reveal top ‘deal-breakers’ when looking for rental property… Happy reading and… renting!

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Summary

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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Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Asking prices for UK homes hit record high; Will UK house prices fall?; 21% of new first-time buyers stretch mortgage terms for more than 35 years; Rents rise 9.1%, London and Scotland outperform rest of UK; What does cooling inflation mean for house prices and mortgage rates?; Tenants increasingly stay put while homeowners move more frequently… Happy reading and… renting!

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How to manage renovations and repairs when purchasing a BTL property

Summary

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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Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: ONS sees prices up 1.8% in year to march as inflation falls further to 2.3%; Smaller homes drive house price growth; Mortgage rates will fall again, but not any time soon; Average UK rents close in on £1,300 a month; Why invest in a 2-bed apartment?; What is shared ownership? A myth-busting guide… Happy reading and… renting!

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$The pros and cons of fractional real estate ownership$

Summary

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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Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: 18% more sales in UK property investment market; Renting could boom due to prices in UK housing market; Interest rates remain frozen – when will the Bank of England cut the cost of borrowing?; Annual rent rise is the highest ever recorded; Most tenants say they have good landlords… Happy reading and… renting!

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How to secure a rental property: guide for landlords

Summary

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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What is a healthy cash flow for your BTL property?

Summary

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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Navigating rent increases: When and how to raise the rent

Landlord press review: July 2024

The pros & cons of pet-friendly rentals

Landlord press review: June 2024

How to manage renovations and repairs when purchasing a BTL property

Landlord press review: May 2024

The pros and cons of fractional real estate ownership

Landlord press review: April 2024

How to secure a rental property: guide for landlords

What is a healthy cash flow for your BTL property?

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