There are certain things a landlord can fix and others they absolutely shouldn’t attempt. If you own a property, it’s important to understand the difference. To help you out, we’ve put together this landlord’s DIY guide covering what can and can’t be fixed.
The private property rental market is booming, yet according to the latest research, landlords remain alarmingly ignorant when it comes to industry terminology. Studies revealed that just 24% of landlords know what ‘return on investment’ means, 26% know what ‘gross yield’ is and just 12% could identify what ‘gross profit’ means. To clear up the confusion, we’ve put together an explanation of some common property investment terminology that every landlord should know.
The general election is looming and landlords across the nation will be wondering who to vote for. With the British property market booming parties are placing a heavy focus on how to win over homeowners. Yet with all the promises and pledges being thrown around, it can be tricky to decide which way to swing. Need help? We’ve got the lowdown on who’s offering what!
Renting furnished property can be incredibly convenient for both tenants and landlords. Although due to the fact that your own private possessions are involved, it can make things a little more complicated. To help streamline the process we’ve put together a list of handy tips that every landlord renting out a furnished property should consider.
Over the last 12 months less than 10% of UK landlords experienced a tenant dispute. The statistics come from inventory service provider, My Property Inventories and confirmed that 2014 was a relatively stress free period for British landlords. Yet despite this positive outlook, the study also revealed that when disputes did arise they usually concerned damage to property. These types of incidents accounted for 58% of problems.
According to recent research the number of part time landlords in the UK is on the rise. In fact, one in seven British adults now rents out a property to generate a second form of income. This ‘part time’ landlord trend has generated a £28 billion industry with the average property manager earning an average monthly income of £678.
According to the latest statistics from leading mortgage lender Paragon, two million private landlords currently lease five million properties across the UK. This figure is only set to grow, with the UK government predicting by 2032, 33% of properties will be rented out by private landlords. If you lease a property and want to make 2015 your best year yet read on for a list of five New Year’s resolutions that every landlord should adopt in 2015.
If you’re a buy-to-let landlord with monthly mortgage repayments, getting your property inhabited as quickly as possible is of the upmost importance. To help you keep the rent rolling in, we’ve put together a list to insider tips on how to get homes leased as quickly as possible.
Fire damage is a very real risk for landlords across the nation. In fact according to the Association of British Insurance fire is one of the largest insurance sectors, with the average pay out claim per household ringing in at a huge £10,200! It’s no figure to sneeze at and highlights the absolute importance of having an adequate landlords insurance policy in place should anything go up in flames. Of course, taking necessary precautions is also an extremely effective way to protect your rented property from the risk of fire damage. To help you up the safety credentials of your property we’ve put together some useful tips on how to minimise the risk of fire when leasing to tenants.
Students get a bad rep as tenants however according to the latest statistics, they’re actually one of the lowest claiming insurance groups in the UK. The new findings were released in a report commissioned by student specific utilities and service providers, Glide and Accommodation for Students. Contrary to popular belief the report found that students are in fact some of the most desirable tenants for buy-to-let landlords across the nation!