How to Make the End of Tenancy Run Smoothly

As a landlord, one of your main goals is to make sure your property is tenanted. As soon as the old tenants decide they’re moving on, it’s time to find new renters to move in.

But while you’ll be keen for a quick turnaround, it’s also important that things are done properly (cutting corners will cause you problems in the long run).

Not only will you want to end the initial tenancy correctly, but you’ll also want to start the next one … Continue Reading…

The Dangers of a DIY Tenancy Agreement

Type ‘tenancy agreement’ into Google and you’ll get thousands of results offering free online templates and guides to writing your own rental contract.

So why bother using a letting agent to sort out the tenancy agreement if you can do it yourself? What could possibly go wrong?

Well, quite a lot. Hastily downloading a template from the internet and high-fiving yourself for a job well done could prove to be a costly mistake.

It might not become apparent for months or even years, … Continue Reading…

How to Manage Difficult Tenancy Relationships

As a landlord, as well as managing the finances, the property and any repairs or maintenance, you also have to remember to look after your tenants. Whilst nine times out of ten you’ll never have to deal with anything too difficult, sometimes relationships can be testing.

So, what’s the best way to deal with issues that arise during a tenancy? In this quick read, we look at ways to deal with such problems.

Help avoid fall-outs 

You can’t control the arguments that arise … Continue Reading…

Why Now Is the Right Time to Get Rent Protection Insurance

The rental market is a tough place to be, especially in the current economic climate.

With the cost of living crisis leaving many tenants feeling squeezed, now could be the right time for landlords to invest in rent protection insurance. But is it really worth it, or just another expense?

In this two-minute read, we look at rent protection insurance in detail to help you decide whether you need it. 

What is it? 

Rent protection is also known as rent guarantee insurance or landlord … Continue Reading…

How to Calculate the Rental Return on Your Buy-to-Let in Wellingborough, Irthlingborough & Rushden

If you’re looking for a property to rent out, it’s important to understand the numbers involved. You may have inherited a property and are thinking of letting it. Use the information here to identify if that is a prudent thing to do or if the capital from selling the property could be better invested.

Find the numbers

The simplest way to work out your gross return on a rental is to estimate some numbers. You can have a browse on the property … Continue Reading…

Being a Landlord in Wellingborough, Irthlingborough & Rushden: the Risks and How to Avoid Them

Having a rental property can be a great way to earn some extra income. Like anything, there are a variety of things that can go wrong. We break down five of the most common ones.

The wrong property

Being a landlord means running a business. You’re not buying a property for you to live in. Tenants often have very different expectations when looking for a rental property. Don’t turn down a great opportunity because you wouldn’t like to live in it.

The wrong … Continue Reading…

Lessons for landlords in Wellingborough, Irthlingborough & Rushden from the wealthiest person in the world

A landlords’ advice article published recently said property investors need to think more like the Amazon founder Jeff Bezos.

The billionaire businessman is renowned for his long-term thinking. He thinks decades ahead, and let’s face it, he’s not doing too bad, is he?

The article said landlords should retain good tenants at a reasonable rate rather than aim to get the highest rents in the short term.

It’s wise advice and something we believe in.

When a landlord adopts a short-term view of their … Continue Reading…

Why Landlords Should Give Their Property Strategy a Spring Clean

Spring is traditionally a time for a good tidy up and clear out. If you’re a landlord, it’s also an excellent opportunity to give your property management strategy a once-over.

Taking the time to review what is and isn’t working with your investment will save you money and energy further down the track.

What you’re looking for in your property spring clean are pinch points: issues that cause aggravation and loss of income.

Sometimes, we need to step back and look at the … Continue Reading…

Why Letting Agents Are a Busy Landlord’s Best Friend

In part two of our series on property management, we look at how letting agents save landlords time – that precious commodity that is always in short supply.

A survey of 500 landlords found that using a letting agent saves a landlord on average six hours a month (source: Endsleigh Insurance).

We would go further and argue that letting agents don’t just save landlords time, but the right sort of time.

It’s one thing to get a call from your tenant saying a pipe … Continue Reading…

Seven Ways to Make a Tenant Feel at Home

In this three-minute read, we look at a new report that outlines how Wellingborough, Irthlingborough & Rushden landlords can build a long and prosperous partnership with their tenant.

What’s the secret to a successful tenant/landlord relationship? It’s a question that has vexed property gurus through the ages, but now the University of Stirling thinks it has the answer.

A new report from the university, Making a Home in the Private Rented Sector, says the key to a long and happy property partnership is to make … Continue Reading…