Posted in Real estate news.

Landlord press review: February 2024

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 Last updated 27/02/2024
Landlord press review

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: UK property market is a buyer’s market in 2024; Rental market set to expand by 1M households by 2031; Sunak considers radical plan for 99% mortgages to help first-time buyers; Survey reveals what UK renters want from their homes; Dozens of landlord repossession claims threaten renters; Average time to sell a home in London ‘was twice that in Scotland in 2023’… Happy reading and… renting!

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Posted in Legal, Rentila.

5 Landlord’s certificate obligations when renting out

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 Last updated 15/07/2024
5 Landlord’s certificate obligations when renting out
Summary
  1. Gas safety certificate
  2. Domestic electrical installation certificate
  3. Energy performance certificate (EPC)
  4. Fire risk assessment form
  5. “Right to rent” check
  6. FAQ’s
  7. Things to remember

Renting out your apartment to tenants is usually an exciting development. But before you start showing the place or signing any leases, there are a few legal obligations you need to be aware of.
The requirements aren’t too complicated, but one of the common mistakes landlords make when renting is failing to obtain the proper documentation, which can result in hefty fines or even legal trouble down the road.

In this article, we’ll walk you through 5 essential landlord’s certificate obligations when renting out so you can start earning rental income without any legal issues. Read on to learn exactly what you need to provide to tenants as a UK landlord.

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Posted in Real estate news, Rentila.

Landlord press review: January 2024

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 Last updated 26/01/2024
Landlord press review

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: Squeeze on home buyers’ budgets set to continue into 2024; Housing transactions down 22% year-on-year; Bank of England official hints at interest rate shift as UK faces recession; Sales of 30-year plus mortgages increase 13% in past year; 4 Property investment strategies in 2024; Landlords fear rising costs and rent arrears in 2024; 9 expert predictions on UK house prices, mortgages and renting… Happy reading and… renting!

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Posted in Advise.

How to set the right rent price for your BTL

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 Last updated 02/01/2024
How to set the right rent price for your BTL
Summary
  1. 3 Factors that influence your BTL rent price
  2. How to set the optimal rent price
  3. 4 common BTL rental pricing mistakes to avoid
  4. Regularly reviewing and adjusting your rental price
  5. FAQ’s
  6. Things to remember

You want to make sure you’re charging the right rent for your buy-to-let (BTL) property. Set it too high, and your property may sit empty for months. Set it too low, and you’re leaving money on the table that could help pay off your mortgage.

Before we show you how to set the right rent price for your BTL, let’s consider the factors that determine rent price.

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Posted in Advise, Rentila.

How UK landlords can reduce turnover and minimise vacancy

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 Last updated 05/12/2023
How UK landlords can reduce turnover and minimise vacancy
Summary
  1. What Is Tenant Turnover and Vacancy?
  2. Factors Contributing to Tenant Turnover
  3. The Cost of Tenant Turnover and Vacancy
  4. Ways to Deal With Tenant Vacancy Efficiently
  5. Strategies to Reduce Tenant Turnover
  6. 7 Benefits of Tenant Retention
  7. FAQ’s
  8. Things to remember

As an independent landlord in the UK, it’s crucial to understand how to reduce tenant turnover and minimise vacancy.

This comprehensive guide will walk you through the various factors contributing to tenant turnover and how vacancy impacts revenue. It’ll also outline practical solutions and strategies to manage and retain your tenants effectively, ultimately reducing turnover and minimising vacancy periods.

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Posted in Advise, Rentila.

5 things landlords are not allowed to do while renting

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 Last updated 03/04/2024
5 things landlords are not allowed to do while renting
Summary
  1. Landlords cannot enter a tenant’s home without proper notice
  2. Landlords cannot increase rent without following proper procedures
  3. Landlords cannot harass or discriminate against tenants
  4. Landlords cannot lock out tenants without going through an eviction process
  5. Landlords cannot retaliate against tenants for complaining of poor conditions
  6. FAQ’s
  7. Things to remember

Are you a property owner who’s recently decided to rent out your space?

That’s great, but you must be prepared for the responsibilities that come with being a landlord. One of the mistakes landlords make when renting is not educating themselves on tenancy regulations.

As much as you’d like to, there are certain things you just can’t do as a landlord. We’ve compiled a handy list of 5 things landlords are not allowed to do while renting their property.

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Posted in Rentila.

Most common landlord claims in a Buy-to-Let property

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 Last updated 11/03/2024
Most common landlord claims in a Buy-to-Let property
Summary
  1. 6 Typical Landlord Claims in a Buy-to-Let Property
  2. Liability Claims for Injuries to Tenants
  3. Legal Expenses for Evicting Problem Tenants
  4. FAQs
  5. Things to remember

As landlords in the UK, there’s more to owning rental property than just collecting the monthly rent payments. Countless things can go wrong, from leaky roofs to broken boilers and tenant damages.

That’s why buy-to-let insurance is so important — it helps protect your investment and ensures you’re covered financially if something unexpected happens.

That said, what are the most common landlord claims in a buy-to-let property?

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Posted in Rentila.

The 5 Major Types of Real Estate Investors

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 Last updated 21/09/2023
The 5 Major Types of Real Estate Investors
Summary
  1. Residential Real Estate Investors: Focusing on Housing
  2. Commercial Real Estate Investors: Investing in Business Properties
  3. Real Estate Investment Companies: Letting the Pros Handle It
  4. Real Estate Investment Trusts (REITs): Investing in Real Estate Stocks
  5. Real Estate Crowdfunding: Pooling Money Together
  6. Frequently Asked Questions
  7. Things to remember

When it comes to real estate investing, you have so many options. Maybe you want the thrill of flipping houses for a profit. Or perhaps you’re more interested in the long game of buy-and-hold rental property investing. Either way, choosing the right investment strategy for your needs and risk tolerance is critical.

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Posted in Rentila.

5 Things Tenants Are Not Allowed to Do While Renting

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 Last updated 29/08/2023
5 Things Tenants Are Not Allowed to Do While Renting
Summary
  1. Unauthorised Alterations or Damages to the Property
  2. Subletting or Assigning the Lease Without Consent
  3. Failing to Pay Rent on Time
  4. Noisemaking and Disturbing Neighbours
  5. Illegal Activities on the Premises
  6. Frequently Asked Questions
  7. Things to remember

As an independent property owner, you need to find good tenants, set fair rules, and keep everyone happy. However, there are certain things tenants are not allowed to do while renting, and you should know about these to save you from any potential headaches.

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Posted in Rentila.

Transforming an Inherited Home Into a Buy-to-Let Goldmine

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 Last updated 03/07/2023
Transforming an Inherited Home Into a Buy-to-Let Goldmine
Summary
  1. Evaluate the property’s potential
  2. Handle the legal aspects
  3. Determine a budget and secure financing
  4. Make necessary repairs and upgrades
  5. Market the property and screen tenants
  6. Frequently Asked Questions
  7. Things to remember

Inheriting a house from a relative is one thing; knowing what to do with it is another. It’s understandable if you’re confused about the latter — perhaps the location isn’t ideal for you to live in yourself, or the property needs extensive renovations you can’t afford right now.
Rather than selling the house and missing out on future opportunities, have you considered turning it into a buy-to-let investment property?

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