Why Landlords Should Never Skip Doing an Inventory
A thorough inventory can save a landlord time and money and prevent messy end-of-tenancy disputes. So why do so many landlords rush this essential stage – or skip it altogether?
In this quick read, we look at why an inventory is important and what you need to include in it.
Picture this
Your tenant of the past 12 months is leaving. You go to check them out and find a massive stain on the carpet, there’s a whole in the lounge door and … Continue Reading…
A Quick Guide to Equity Release
Have you heard of ‘unlocking the value of your home’? Do you know what it’s all about? If you’re over 55, chances are you’ve seen or heard this phrase several times from targeted advertising.
While ‘unlocking value’ might sound like an elaborate spiritual journey or magic trick, instead, it’s quite dull and refers to equity release.
So, what is equity release? Is it a good idea? How does it work?
In this quick read, we go through the essentials.
What is equity release?
In simple … Continue Reading…
What Are a Tenant’s Responsibilities?
Moving into a new home can be exciting, but renting a property comes with responsibilities. To avoid disputes – or paying for things that don’t fall within your remit – it’s helpful to know your obligations as a tenant.
Read on for a general guide to a tenant’s responsibilities (but please note that for specific detail, refer to your rental agreement).
It’s a two-way street
The most important thing to remember about the tenant/landlord relationship is that both parties have an important role … Continue Reading…
Selling For The First Time – A Quick Guide
Selling a property for the first time? Here’s a helpful guide to help you navigate the process. A two-minute read.
Putting your property on the market can be stressful at the best of times, and even more so if you’ve never done it before. But don’t worry. With planning and preparation, you can avoid some common property pitfalls.
Let’s assume that you’ve made up your mind that it’s time to sell. Here are the next steps that you need to take.
Do your … Continue Reading…
Why Landlords Should Conduct a Property MOT
It pays to sit down once a year and review how your buy-to-let is performing and flag up any potential issues looming on the horizon. A two-minute read.
We’re all familiar with an MOT, an annual check-up to ensure your car is safe and good to go for the year ahead. Well, let’s apply the same concept to a buy-to-let investment.
Even if your current tenancy is ticking along nicely, a property MOT can be a helpful exercise to ensure that you:
Estate Agent Myths: What Sellers Need to Know
How much of what you know about estate agents is really true? This three-minute read debunks a few common urban myths.
The digital revolution has given rise to several assumptions about estate agents, but we’re here to tell you they’re not true. It’s time to separate fact from fiction and debunk four myths about estate agents.
1) Estate agents just post stuff on the property portals. Anyone can do it.
Given that 95% of people search for their next home online*, any selling … Continue Reading…
A Helpful Guide to Selling Property to Pay for Care Costs
If you or a loved one need to move into a care home or require home care, you might be considering selling your property to pay for the costs. This is a difficult decision, and there’s a lot to consider.
It’s important to go through all the proper steps when considering long-term costs, and this article is not a definitive guide on what you should do.
Understanding assessments
In the first instance, you need to contact your local authority to see how they … Continue Reading…
Working From Home & Landlords
In our post-pandemic world, working from home (WFH) has become the new norm for many people. But as a landlord, you need to make sure your tenants are working in a way that doesn’t impact you negatively.
Most of us think of WFH as sitting in front of a laptop or doing Zoom meetings wearing a shirt and tie with pyjama bottoms. However, there’s been a boom of small businesses cropping up, many of them based in flats and houses all … Continue Reading…
Why Sellers Should Use Good-Quality Property Photos
One of the golden rules of property selling is not to skimp on photography. And you don’t have to take our word for it – look at the results of a recent survey of home buyers.*
A survey of 1,300 people who had purchased a property within the past six months revealed three critical things:
1) Photography creates a powerful first impression (and we all know first impressions count). 93% of respondents said they formed an opinion of a home based on … Continue Reading…
Top Tips for Successful Property Inspections
Inspections are a key part of managing a tenancy so it’s imperative that landlords get them right. Here are some top tips to ensure landlords don’t miss a thing.
We’ve all heard the horror stories about nightmare tenants who trash a rental property, leaving the landlord up to their neck in repair bills and legal costs. Or maintenance issues that were left and became problematic.
Thankfully, there are ways landlords can minimise these risks and one key strategy is to conduct regular … Continue Reading…