Latest Property News - Homelets & Sales

Details: Published: 28 November 2022; Hits: 500

WHY BEING A LANDLORD IS A SOLID PLAN FOR YOUR FUTURE

How do you feel about becoming a landlord?

If you're planning your long-term financial security, you have plenty of options to choose from. Savings, shares, pensions, property… they all have their pros and cons, and people choose one or more for multiple reasons.

We have many different types of landlords as clients. Some of them own just one property, while some have large portfolios. But regardless of whether they’re private individuals or limited companies, they share some common motivations for owning rental homes.

Freedom, stability, feeling in charge, retirement planning and financial security for their families are all in there, and so is the feelgood factor in nurturing their passion for property and providing comfortable homes that people to live in for many years.

So, in this week’s blog, we’re diving deeper into how our clients choose to become landlords and why they enjoy it, so you can decide if you’d like to start and grow your own lettings portfolio.

Details: Published: 14 November 2022; Hits: 537

COULD RISING INFLATION SPELL GOOD NEWS FOR LANDLORDS?

Everyone's talking talking about inflation right now, and usually in negative terms. The current climate of rising prices is affecting us all, from filling up the car to doing the weekly shop. There’s also plenty of news about tenants and buyers feeling the squeeze, but what about landlords? Reduced tax allowances and rising interest rates are affecting monthly profits, and you might be
wondering whether buy-to-let is still a viable business.

While today is nothing like when inflation hit 25% in the 1970s, or when mortgage rates breached 15% in the 1990s, those numbers aren’t very useful for making decisions now. Nonetheless, there are some lessons to learn from previous times of uncertainty, not least that growing your business and income can be far more profitable than simply cutting your losses.

As a landlord, you want your rental portfolio to thrive and give you a passive income into retirement, regardless of economic ups and downs. With that in mind, this week’s blog explores how rising inflation can work to your advantage.

Details: Published: 31 October 2022; Hits: 519

WHAT CAN YOU DO WHEN YOUR TENANT PAYS THE RENT LATE OR LEAVES WITH ARREARS?

Arrears - a dreaded word among landlords and, for anyone with even a mildly British temperament, an often uncomfortable situation to discuss and resolve. We’re fortunate enough to have very few tenants behind with their rent, but we also know the current economic climate could throw anyone’s finances off course. As the cost of living crisis bites, household budgets are getting squeezed, and rent arrears are
more of a threat. It may never affect you, but if your tenants do stop paying their rent, you need to act quickly to prevent the situation from spiralling out of control. With that in mind, this week’s blog contains everything you need to protect yourself from the start, find solutions to financial hiccups, and recover what you’re owed.

Details: Published: 17 October 2022; Hits: 546

THE TIME IS NOW TO GET YOUR RENTAL PROPERTY READY AND LEGAL FOR WINTER

Winter is the time when most problems arise in rental properties.

Emergency callouts abound, and insurance claims rocket, mostly from water or weather damage. While your policy might cover the costs, the inconvenience of midnight phone calls, stressed-out tenants and urgent repairs is something every landlord wants to avoid.

Autumn is the perfect time to plan for the colder months, get ahead of the elements and give your property a seasonal MOT and fix any minor repairs before they become a major headache.

Covering everything from your legal obligations, the checks to make at your property, and the conversations to have with your tenants, this week’s blog is a complete landlord’s guide to getting your rental property prepared and protected for winter.

Details: Published: 17 October 2022; Hits: 551

HOW TO AVOID PROBLEM TENANCIES AND CREATE THE PERFECT LETTING

Nothing is more important than getting the right tenants for your rental property – because the choice you make will have a profound impact on your peace of mind and finances.

Whenever we’re contacted by a landlord who’s been having problems at their property, there’s very often something that was missed or skipped before the tenancy started.

A typical story is that things started well, everyone got along, and the landlord was pleased with their choice of new tenants. Then, at some point, something went wrong, and the landlord was left frustrated, disillusioned and out of pocket.

So how can you tell if you’ll get respectful, responsible and reliable tenants before you hand over the keys? More than anything, it’s all about the setup, and this week we’ll take you through our tried and tested process, to avoid problem tenancies and create stable and long-term lettings.