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 house prices fall at fastest annual rate for 14 years; What’s Happening with the London Property Market in August?; Higher mortgage rates sees house buyer demand plummet by 40%; How to Choose the Right Property to Let Out; Average of 20 viewing requests for each home to rent… Happy reading and… renting!
5 Things Tenants Are Not Allowed to Do While Renting
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.
Landlord press review: July 2023
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: What’s been happening in the UK’s housing market in the first half of 2023?; Is London heading for a property market apocalypse?; Banks raise rates again in further mortgage pain; Brighton named among the most expensive UK seaside areas for renters in 2023; Landlords will have to hike rent by £614 to make a profit; The DPS provides top tips for landlords at the end of a tenancy; Landlords increasingly seek guarantors for well-paid tenants… Happy reading and… renting!
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?
Landlord press review: June 2023
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: Property industry reacts to latest house price data; British home prices to slip but won’t come crashing down; Inflation drops but further BoE rate rises ahead?; Rents across UK rise at fastest pace on record; North East named as most affordable region to rent in UK; Bailiff crisis will make it harder for landlords to evict tenants… Happy reading and… renting!
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.
Landlord press review: May 2023
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 rental housing less affordable than in 2019, ONS says; North east labelled as ‘buy-to-let capital of Britain’; Mortgage costs see ‘meteoric’ rise since last royal coronation; Major blow for homeowners as BoE set to raise interest rates; Rental supply set for further squeeze; Top Things You Must Do As A London Landlord; 80% of landlords say they have carried out EPC work… Happy reading and… renting!
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.
Landlord press review: April 2023
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: What does the Current Rental Market Look Like?; UK house prices and their swift fall; Why are UK mortgage approvals at an all-time low?; One in ten renters are keeping a pet hidden from their landlord; Quarter of renters do not ask for repairs due to fear of eviction; How to sell your house in a slow market; Landlords see a massive increase in fraudulent tenancy applications… Happy reading and… renting!
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.