Letting Agent Talk
Mayor of London seeks new term on back of Rent Controls
The mayor of London will look in to supporting a campaign that will combat rising rent prices in London though as any person looking to get an extra term would do, the mayor said he can only make this happen if he is given a further term. The mayor who supports a second people’s vote…
Christopher Walkey
Pros and Cons of Using Airbnb
Founded in 2008, Airbnb has gone on to become a global brand with a valuation of over $30 billion. Over 4 million listings and 150 million users has seen Airbnb become one of, if not the biggest property rental platform in the world, being present in 190 countries and 65,000 cities. The concept has had a…
Christopher Walkey
A Beginner’s Guide to Landlord Insurance
For a starter bummer, it is fun to reveal the real essence of landlords. Do you think they get costs in everything between natural calamity and accidental damages to property? NO!! It is just havoc created in minds of landlord apprentices. The question that may disturb you being a landlord of property for the first…
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Risks for Landlords When Renting a Property and How to Avoid Them
As a buy-to-let landlord, renting out a property carries some risks. There are different potential problems that can occur too, and financial losses could mount up when you don’t manage a property well. Fortunately, there are also ways to avoid or mitigate many of the issues. Here are a few of the risks that landlords…
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Landlord left with £2,500 clear up bill
It is every landlords nightmare to have that tenant from hell situation where you are both owed back dated rental fees and where you are having to seek help to rid them from your property. An experienced landlord from Mablethorpe, Mr Lillepa, lived this recently where a court deadline was imposed on his tenants which…
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TRADITIONAL TENANT REFERENCING IS A DEAD
A Sheffield-based letting agent and prop-tech entrepreneur claims that traditional tenant referencing is dead, as it uses old and slow systems, has little technology support and is grossly overpriced. For years, letting agents have had to use traditional referencing suppliers, who provide an expensive, out-dated service. They are mostly owned by large insurance companies, who use referencing…
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CAN LETTING AGENTS RECOVER FROM THE FEES BAN?
Findings from the latest annual report from Fixflo reveals that the fees ban could entirely wipe out some agents’ profits, with half of agents believing they will lose between 10% and 30% of their revenue. Almost 10% of those asked, said they would lose 30% or more of their income and agents cited loss of…
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Fractional Ownership: London’s Investment Secret
London has been a centre of the international real estate community for many years now, remaining popular despite Brexit fears over the last few years. Whilst traditional real estate investment maintains at a sensible level, a newer investment technique – fractional ownership – has also started to gain traction and become popular but what is…
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Health and Safety Features to Consider as a Landlord
As a landlord you have many responsibilities, and most of them pertain to the health and safety of your tenants. If your property is deemed unfit to live in, not only will you receive numerous complaints from your tenants, but you can also be needlessly endangering lives and be liable for legal action if it…
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Ending or Extending Your Tenancy: Everything You Need to Know
At the end of your rental period, you will need to decide whether to end or extend your tenancy. You may already know which route you want to take, but perhaps you’re unsure what’s expected of you. You may also be unclear about your rights as a tenant when ending or extending your fixed-term contract….
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LETTING AGENTS FACE SHORTAGE IN RENTAL STOCK AS LANDLORDS EXIT THE BTL MARKET
A Sheffield-based letting agent and prop-tech entrepreneur reports that many agents have experienced a significant drop in stock levels, as landlords continue to exit the market. Simon Tillyer, Director of SheffLets and Vouch, the low-cost referencing app, has seen rental stock drop by 25% over the last quarter in his agency, as higher stamp duty,…
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Student housing league table – which university towns offer the best buy-to-let returns for landlords:
As university students prepare to return to their studies and A-level students find out if they got into their uni of choice, new research reveals landlords willing to rent to students are reaping the rewards – with above market average rental yields. In a new league table published today, Simple Landlords Insurance rate universities by…
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Landlords, Complete these Seasonal Maintenance Tasks this Summer
Summer has truly been in full swing this year, with record-breaking weather and a heatwave to rival 1976. With such extreme temperatures seen this year so far (who remembers the Beast from the East?), seasonal maintenance is essential for landlords. During this rather parched summer, Just Landlords has highlighted the seasonal maintenance tasks that all…
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Tenant Fee Ban – Your Options
Let’s make no bones about it. When the Tenant Fee Ban comes into force you WILL: See a DROP in your income and profits Achieve LOWER service levels LOSE more landlords So what are your options for overcoming the challenges faced by letting agents? Options Pros Cons Sell up Quick cash injection Your business ceases…
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What is your plan for the ban?
After attending a recent ARLA meeting where their solicitor spoke about the impending fee ban and if/when it was due to happen I left with a rather large sense of foreboding. His best guess was that the ban would hit in April 2019, just 9 months away. He went further and said he had seldom seen a piece…
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