Posted in Advise.

Buy-To-Let guide for landlords in 2023

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 Last updated 01/02/2023
Buy-To-Let guide for landlords in 2023
Summary
  1. What is Buy-to-Let?
  2. What are The Benefits of Buy-to-let Property Investment?
  3. How to Get on The Buy-to-let Property Ladder
  4. Buying the Property as a Limited Company
  5. What are The Tax and Fees for Buy-to-let Properties?
  6. So, is Buy-to-let in the UK Still Worth it?
  7. 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.

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Posted in Advise.

Which is more profitable for Landlords: Short or Long Term Renting?

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 Last updated 27/01/2023
Which Is More Profitable for Landlords: Short or Long Term Renting?
Summary
  1. Advantages of Short Term Renting
  2. Advantages of Long Term Renting
  3. Disadvantages of Short Term Letting
  4. Disadvantages of Long Term Letting
  5. Key Points

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.

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Posted in Advise, Rentila.

Common Causes Of Stress For Landlords

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 Last updated 15/12/2022
Common Causes Of Stress For Landlords
Summary
  1. Finding a property
  2. Finding a tenant
  3. Choosing tenants
  4. Knowing your legal responsibilities
  5. Handling maintenance issues
  6. Common causes of stresses for landlords: Things to remember

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.

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Posted in Rentila.

What Do Tenants Look For When Renting

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 Last updated 01/11/2022
What Do Tenants Look For When Renting
Summary
  1. Location and transport links
  2. Security
  3. Open plan space
  4. Outdoor space
  5. Fitted appliances
  6. Good condition
  7. Pet friendly
  8. Things to remember: 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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Posted in Advise.

Top 10 Questions To Ask When Buying A Property

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 Last updated 01/11/2022
Top 10 Questions To Ask When Buying A Property
Summary
  1. Why is the owner selling?
  2. How long has the property been on the market?
  3. Has the property changed hands recently?
  4. What is the minimum price the seller will accept?
  5. Have the seller’s found a new home?
  6. What is the local area like, and are there any plans that could affect the property?
  7. Do you have noisy neighbours?
  8. How old are the boiler, roof, drains and gutterings?
  9. What is included in the property?
  10. Can they explain the energy performance certificate?
  11. Things to remember: Top 10 questions to ask when buying a property

When buying a property, you are making a significant investment that could make or break your buy-to-let business. For that reason, when viewing a property, it’s time to put aside that British habit of saying nothing for fear of being nosey or impolite.>

You need to know everything you possibly can. Sellers will be expecting a few possible questions they would prefer not to answer — so don’t be afraid. However, why not direct your questions to the estate agent if you prefer? They can help you get the information you need and perhaps even help you bag a sale at the right price for you.

Read on and bite the bullet with our all-important questions that all buyers should ask.

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Posted in Advise.

Popular Misconceptions About Becoming A Property Investor – Debunked

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 Last updated 01/09/2022
Popular Misconceptions About Becoming A Property Investor
Summary
  1. You need lots of money to invest
  2. Capital growth is most important
  3. Property damage could ruin me
  4. I’m at risk of repossession
  5. Being a property investor is easy
  6. Being a property investor is a great way to build wealth
  7. Property investing brings freedom
  8. Investing in the current climate is risky
  9. Increasing mortgage rates will add costs
  10. It’s hard to sell a property and exit the market
  11. Things to remember

Becoming a real investor is a dream of plenty of people. So many of us hope to have money to invest in property while reaping a second income and potentially having assets to leave as an inheritance for loved ones. However, a heap of popular misconceptions stops countless people from making their dreams a reality. So with that in mind, this quick read aims to uncover the myths from the truth and could be the kick starter for you to become a property investor. Let’s dig in.

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Posted in Advise.

What are the benefits of property management software?

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 Last updated 01/08/2022
What are the benefits of property management software?
Summary
  1. Advertising and marketing
  2. Tenant screening
  3. Maintenance management
  4. Online payments
  5. Contact management
  6. Financial management
  7. Lease and file management
  8. Things to remember

Are you a landlord currently making do with trying to manage your business without software geared towards property management? Well, the truth is you are likely making your life much harder for little to no saving.

Property management software is aimed at helping you with all the tasks and paperwork you need to complete, so let’s look at the benefits and how you could save yourself a heap of admin.

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Posted in Advise.

10 Steps to Finding your Ideal Rental Property

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 Last updated 01/07/2022
10 Steps to Finding your Ideal Rental Property
Summary
  1. Location
  2. Work out what you can afford
  3. Consider wants and needs
  4. Plan for the long term
  5. Get searching
  6. Stretch yourself
  7. Think about trade-offs
  8. Focus on the basics
  9. Learn everything you can about a property
  10. Be patient
  11. Things to remember

It’s all very well deciding you would like to become a landlord. But clearly, finding the right properties that tenants want to rent from you and you can make a profit from— is key to your success. This guide will give you 10 top tips to make finding your ideal rental property a lot less daunting.

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Posted in Advise, Rentila.

Should You Renovate Your Buy-to-let Property

Posted on by
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 Last updated 31/05/2022
Should You Renovate Your Buy-to-let Property
Summary
  1. The decision to renovate
  2. Minimal renovations
  3. Ways of renovating – Up, down or sideways and things to consider
  4. New kitchens and bathrooms, furnished or unfurnished?
  5. Hiring a Contractor
  6. Things to remember

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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Posted in Advise, Rentila.

Pros and Cons of Self Managing your Rental Property

Posted on by
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 Last updated 09/02/2023
Pros and Cons of Self Managing your Rental Property
Summary
  1. PROS of self managing
  2. CONS of self managing
  3. Things to remember
  4. FAQ’s

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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