Letting Agent Talk
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…
EAN Content
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…
EAN Content
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…
EAN Content
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?
EAN Content
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…
EAN Content
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…
EAN Content
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…
ARPM
Edinburgh short term rentals – is the bubble bursting?
As the days get longer and the snow begins to melt the Edinburgh lettings industry will jump back into action this week with the usual demands and preparations for summer rentals. From student lets to short term holiday lets and of course the Edinburgh festival rentals. The emergence of AIRbnb type rentals have become very…
EAN Content
Edinburgh short term rentals – is the bubble bursting?
As the days get longer and the snow continues to melt the Edinburgh lettings industry will jump back into action this week with the usual demands and preparations for summer rentals. From student lets to short term holiday lets and of course the Edinburgh festival rentals. The emergence of AIRbnb type rentals have become very…
EAN Content
Rental Market and Airbnb -Sworn Enemies?
Airbnb: the online marketplace and hospitality service that has, undeniably, revolutionised the manner in which consumers seek out hospitality services and short-term lodgings. However, as is the case with all things revolutionary, it’s rocked the boat somewhat, with property experts and commentators from all levels of the industry, witnessing an increasing number of Landlords removing…
EAN Content
Why I am building the Property Rugby Club network
In just 2 weeks, the Property Rugby Club (PRC) has generated a great deal of interest. I have been overwhelmed with new contacts getting in touch wanting to find out more and looking to get involved. These include contacts from Hong Kong, Portugal, Belfast, Dubai, Edinburgh and London. My two passions in life; rugby and…
EAN Content
What hidden costs are draining your lettings profits?
Hands up if you’re starting to take your income and profitability a lot more seriously? With the fee ban looming, it’s sensible to examine your income and expenditure in greater detail. While your accounts department will, no doubt, come to you with some black and white figures laid out in a spreadsheet, creating a cost-effective…
EAN Content
What effect will PRT’s have on Edinburgh Festival Lets
There are no grounds in the PRT that give landlords or letting agents the ability to evict a tenant to enable a property to be rented out for the Festival. The usual practice of securing Festival tenants in January, February and March will no longer be possible from 2019 with the uncertainty of tenants’ plans….
EAN Content
The New Letting Landscape in Scotland
On 1st December 2017 new legislation came into effect that changed the way landlords and tenants enter into lease agreements. From that date, all new tenants moving into rental properties in Scotland have to sign a Private Rental Tenancy Agreement (PRT) instead of a Short Assured Tenancy (SAT) agreement. The major difference between the agreements…
EAN Content
In receipt of a lease extension offer from your freeholder? Here’s what to do.
It was less than 12 months ago that housing developers such as Taylor Wimpey were exposed as having sold tens of thousands of houses on leasehold title with onerous ground rents that left a huge number of leaseholders trapped in their properties, unable to sell and unable to buy out of the rental clauses. The…
EAN Content