Letting Agent Talk
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…
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…
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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…
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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…
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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…
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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…
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