How to Identify Wear and Tear in a Rental Property During a tenancy, wear and tear of common areas, furniture, and appliances is par for the course. But how can wear and tear, and damage (accidental or intentional), be identified? Knowing the difference between wear and tear and damaged property can make the difference between […]
Make your room to let as attractive as possible for long-term renters. Here are 7 ways to attract more tenants to your HMO property. 1 – High-speed internet For the majority of tenants, a strong internet connection is a basic necessity, so having a property with a poor internet connection, or none at all, will
Do you have questions about obtaining an HMO licence? Use this guide to learn more about HMO property, and when licensing is required. What is an HMO? A House in Multiple Occupation, or HMO, refers to a shared property rented by at least 3 people, from more than one household, that share facilities such as
For even the most seasoned landlords, finding new tenants for your rental property can be an unsettling task. Whilst there are many ways to reference prospective tenants in order to find the best candidate, extra cover and support with the tenant’s rental payments via a rental guarantor is a great way to make the process
Rental Guarantors: When to Use Them and Who Can Be One? Read More »
Follow these necessary steps to prepare your HMO for renting and ensure that it is legally compliant. 1 – Licensing. Before anything else, you must contact your local authority, and check whether you must obtain an HMO licence. If licensing is necessary – find out exactly what you need to do to be granted a
A never-ending stream of new tenancies is every landlord’s nightmare, so it is in their best interest to attract more long-term HMO tenants. HMO property has become a lot more viable and popular as a longer-term housing option in the eyes of tenants, as well as an attractive investment for landlords, so here are 4
The lettings platform Goodlord reported an increase in the cost of rent in seven of the eight regions they monitored during June. Here are some observations in the lettings market this month: Cost to rent In line with this, the average cost of rent in England is now £1,148, an increase of 3.3% from £1,111
Rising rents and falling void periods June 2023 lettings market update Read More »
What happened in the HMO property market in Q1 2023? Data from SpareRoom, the room rental platform, revealed that rents across the HMO property market had reached an all-time high in Q4 2022. In addition, the UK average room rent increased 13% year-on-year. Supply & Demand The demand for rental properties peaked between summer and
What can landlords charge for? Whether you’re a new landlord, a seasonal landlord or have been a landlord for a long time, renting out and managing property can be time-consuming, stressful and complex, so it is vital to ensure that you remain compliant with the ever-changing regulations, legislation, and tax changes. One aspect of property
A quarterly survey of buy-to-let landlords by the lending company Landbay revealed that almost half of the respondents (42%) plan to expand their property portfolio in the next year. Results of the survey The results of the survey show that there is no mass exodus of landlords as was feared by many given the recent
42% Landlords plan to expand their property portfolio Read More »