Some people like to deal with the letting and management of their rental properties themselves, while others prefer to let an agency handle the practicalities.
The decision to become a landlord is exciting and frightening. Being a landlord is a project which involves work and reward, in a way which is less direct than other forms of self-employment, because the biggest returns are probably going to come in the long term.
Pets have become a prominent feature in households across the UK, and many people wouldn’t be without their furry pals. However, if you’re considering renting it can be a little trickier to home your loveable yet sometimes mischievous friends. This month is National Pet Month (1 April – 6 May) and the country-wide campaign is back to raise awareness of responsible pet ownership that benefits not only you but your pets too. It could also potentially help current, or future renters look at ways to find suitable properties and prevent issues in your home.
It’s important to feel at home in your rental property, especially if you plan to stay there for some time. So if your landlord is willing to allow a few changes, what could you do to personalise your living space and make it feel like a proper home?
Your rental home is often your biggest financial commitment, and it comes with a lot of paperwork. It’s important to fully understand exactly what each document is for before you sign, so you know what to look for. At Ezylet we help thousands of tenants move into properties up and down the country, so we have a lot of experience with rental paperwork. Here are the main documents and what you need to know about them.
As a landlord, you have full control over the rules which you lay down for tenants, within the confines of the law of course. While certain things have to be adhered to, there’s a lot that you can control. For example, whether prospective tenants can bring pets into your property.
At the end of a tenancy, some elements of your property may not be in the shape they were at the start.
It’s an old joke, especially in city centre locations. Someone posts a picture of one of those little tents that utilities firms put over holes in the pavement. ‘Room for rent’, they write underneath. ‘Central London location, £500 pcm.’
Whilst property ownership in the UK has traditionally been dominated by individual investors – buy-to-let landlords and wealthy people from the UK and abroad – the share of rented properties spoken for by purely corporate entities such as pension funds, asset management firms and financial services companies continues to grow.
Tenants renting privately across the UK will tell you that rents have been rising for years. While that is true, in 2018, the collective total rent paid across Great Britain was £59.1 billion – some £1.9 billion less than in 2017 and the first time that measure has declined in a decade.
Short-term lets are an enticing prospect for landlords. By marketing your property for short stays through holiday letting companies (including online ones like Airbnb, HomeAway or similar), you can charge much higher rental rates, while also trimming away much of the expensive paperwork and regulation that private landlords routinely have to deal with.
You’ll probably have started to notice that slight chill in the air and the leaves beginning to turn a glorious golden hue as the first breaks of the season come through. Even if you’ve managed to stall turning the thermostat up, it won’t be long until those extra blankets make an appearance and you begin to get the house ready for the colder months.
The thought of bed bugs crawling around as you sleep is enough to keep anyone up all night. So you can imagine why your tenants will be so upset when they report a bed bug infestation to you.
If you’re just at the start of the journey to becoming a landlord, you may not have considered how important the question (and cost!) of insurance is going to be. Appropriate insurance should help you secure your purchase and relationship with tenants but, most importantly, protect your own interests and investment.
With over one million households on the UK’s Government’s housing waiting list for England, it appears the current housing crisis is showing no signs of abating. However, as London makes up a good proportion of those households, London Mayor Sadiq Khan has announced a new housing fund to help provide more affordable housing in the English capital.
The New Year often brings lots of exciting changes and resolutions including looking for your perfect home. After the Christmas rush, January can be a great time to snap up a rented property. However, there are lots of things to consider before leaping in feet first.
Every now and then there’s a juicy story in the press about defective products. Exploding phones, cars that set on fire, that sort of thing. And we’ve all had the expensive new electronic device that dies after a week, or the coat that splits down the seam as soon as you put it on.
This is a subject that, among a nation obsessed with home-ownership, is often a hot topic of conversation. After all, in years gone by, renting was more of a stop-gap – something you do while you study and work out where you want to live and what you want to do. But now, there’s a real possibility that for more and more Britons, renting will become the predominant housing tenure throughout their lives.
The UK’s private sector rental market plays an important part in providing accommodation for the UK’s housing needs. The UK Government has made some changes in recent years to help ensure that Buy-to-Let landlords pay their fair share in tax while providing safe, habitable homes, without ripping off tenants with administration fees and other costs.
As a landlord, it can be difficult to understand exactly what your tenants want from your property. While you may have a very clear idea of what a comfortable and secure home looks like, some elements of your view could differ quite widely from that of your tenants.