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.
Transforming an Inherited Home Into a Buy-to-Let Goldmine
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?
7 Common Mistakes Landlords Make When Renting
- Not Doing Proper Tenant Screening and Background Checks
- Lacking Adequate Insurance Coverage
- Not Having a Comprehensive Tenancy Agreement
- Failing to Protect the Security Deposit
- Not Keeping Accurate Records and Paperwork
- Not Understanding Tax Obligations
- Not Staying Up-to-Date With the Regulations
- Frequently Asked Questions
- 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.
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.
The Difference Between a Holding Deposit and a Tenancy Deposit
- What is a holding deposit?
- What Is a Tenancy Deposit?
- What Is the Difference Between the Two Deposits?
- How Does the Tenancy Deposit Scheme (TDS) Work?
- Legal Requirements for the Holding Deposit and Tenancy Deposit?
- How Rentila Can Help Independent Landlords With Their Deposits
- Frequently Asked Questions
- 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.
Best Ways to Improve the Energy Efficiency of your BTL Property
The cost-of-living crisis in the UK has partly been driven by substantial energy price increases. And that’s bad news for you as a landlord. You might pay for energy as part of the rental price, which means a hefty increase in your overheads. However, most rentals don’t include energy bills, but if your tenants are struggling to pay their energy bills, you might find they can’t pay you the rent on time or at all.
Buy-To-Let guide for landlords in 2023
- What is Buy-to-Let?
- What are The Benefits of Buy-to-let Property Investment?
- How to Get on The Buy-to-let Property Ladder
- Buying the Property as a Limited Company
- What are The Tax and Fees for Buy-to-let Properties?
- So, is Buy-to-let in the UK Still Worth it?
- Buy-to-let Guide For Landlords In 2023: Key Points
This buy-to-let guide will explain everything there is to know about this investment type, including what it is, the benefits, and how to get started. If you’re considering joining the many buy-to-let investors in property, you must get a good grasp of what you’re signing up for.
Which is more profitable for Landlords: Short or Long Term Renting?
Investing in property can be financially rewarding. However, it can have its ups and downs, with many decisions to make. Once invested, landlords face the dilemma of whether to rent short-term or long-term. While long-term rentals are in high demand, short-term rentals can be immensely lucrative. To help make that choice, we will discuss which is more profitable for landlords, short or long-term renting.
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.
This blog covers what causes landlords the biggest headaches and a few tips to help.
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.