Letting Agent Talk
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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Inventories – why have them done?
The AIIC (Association of Independent Inventory Clerks) is working towards making inventories mandatory in residential lettings. This has caused a storm not just against inventories being made mandatory, but against having inventories at all. Surely, the need for professional, independent inventories is clearly accepted by now. Or not? Mandatory or not, we’re convinced of the…
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When in-house isn’t always best
If you work in lettings, the last thing you want to do is rile both tenants and landlords, but it appears a leading online estate agency has done just that. How? It has taken its property management service in-house. Until May 2018, Purplebricks outsourced its property management to High Street agents under a white label…
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How to add value to your BTL property
Whether you’re a seasoned investor or a first-time landlord, increasing the value of your buy-to-let will no doubt be a priority. When it comes to achieving a better rental rate, read on for the essential steps that will keep your property competitive. Pay attention to the market There’s little point styling your flat to suit…
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New 3 year tenancy proposal could see London tenants losing out
The government is proposing an increase to the length of minimum lettings agreements. If the change in regulation comes into effect, tenants will be able to secure a minimum 3-year tenancy term, with a 6-month break clause for tenants and landlords. The change has been proposed by the Secretary of State for Communities, Rt Hon…
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How to find the perfect property manager
In an agency sector where it’s increasingly hard to maintain an income and create new revenue streams, property management presents a way to keep money flowing into a lettings business. Whether you’re expanding your team or would like to offer property management for the first time, you’ll quickly discover that finding the right management candidate…
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Changes to expect in the buy to let property market
The buy to let and rental property markets are continuing to grow, as property investors increasingly turn to purchasing property as a safe choice of investment in these times of economic uncertainty. Since buy to let mortgages were introduced into the UK’s financial market in 1996, the buy to let and rental landscapes in the…
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Who Is Responsible for damp in Rental Properties – Tenant or Landlord?
Damp is one of those problems that affect many buildings around the country. No one wants to deal with it but if you are the property owner, you have little choice, especially if you are also a landlord because then the matter can get a little more complex. So, who is responsible for damp in rental properties?
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Renter spending power
The UK renting population is unanimously concerned by the rising cost of living. This is hardly surprising given that rents are rising and commonly do not match up with wage growth. Most impacted by this are those renting in London. On average, its estimated that a Londoner should expect to spend 49% of their annual…
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Revealed: UK renter’s greatest financial concerns
86% of UK renting population concerned by the rising cost of living South West most concerned region in the UK East Midlands least concerned region in the UK Rising cost of living biggest concern for 35-44-year olds The UK has seen a sky rocket in rental prices over the last 10 years. Rents in some…
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Common outsourcing myths busted!
Outsourcing. Everyone has an opinion when it comes to sharing the workload with a third party. If you’re relying on hearsay, second-hand information or Chinese whispers to form your opinion, you’re probably falling into the trap of believing myths. We’d like to put the record straight, so here are the four most common outsourcing myths…
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