7 common mistakes landlords make when renting

7 common mistakes landlords make when renting

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.

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Spotting the next up-and-coming area for a great BTL investment

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.

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The difference between a holding deposit and a tenancy deposit

The difference between a holding deposit and a tenancy deposit

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.

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Best ways to improve the energy efficiency of your BTL property

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.

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Which is more profitable for landlords: Short or long term renting?

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.

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Common causes of stress for landlords

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.

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What do tenants look for when renting

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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Top 10 Questions To Ask When Buying A Property

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.

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Popular Misconceptions About Becoming A Property Investor – Debunked

Popular Misconceptions About Becoming A Property Investor

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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What are the benefits of property management software?

What are the benefits of property management software?

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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