A court ruling in July banned landlords in the private sector from discriminating against tenants on benefits. The case was brought by housing charity Shelter, after a single mother with two children was made homeless. No private landlord would let a property to her. The judge ruled that a blanket ban on so-called ‘DDS tenants’ […]
Selling an investment property is not as straightforward as selling a residential property. Unless the property is empty, you have a tenant to consider. Although you ‘own’ the property, the tenant has rights. This means you can’t call your local estate agent and stick the property on the market without giving the tenant a second […]
Evicting tenants is never easy. It can take up to eight months from serving a Section 21 notice to finally getting the keys back. Evictions are on hold until 24 August, but even when the courts reopen, there is likely to be a backlog of cases on the docket. To make matters worse, landlords face […]
“Are voids always an issue with HMO’s? What would one estimate average monthly voids for HMO’s?” I often take part in discussions in face book property groups and very often they begin with a question from a new landlord or a person who is hoping to become a landlord or “get into property” via rent […]
Invoices in Landlord Vision are a key part of what drives the software’s accounting engine. In this post we’ll explain how the software uses invoices, how you can make use of them (or get rid of them) and some troubleshooting tips based on our most frequently asked invoice questions.
The buy to let sector is still attractive to many people. Literally anyone can be a landlord. As long as you have enough money to buy a second property, you can let it to tenants and charge them rent for the privilege of living there.
An NRLA campaign to help beleaguered tenants and landlords in Wales has been successful. Tenants who have fallen into rent arrears because of the pandemic can now apply for loans, which will be paid directly to their landlord.
Antisocial behaviour (ASB) can cause neighbourhood misery. For problems such as loud music late at night affecting neighbours and other people living in the property, it can feel like they are living a nightmare that never ends.
Tenants are using falling rents in London to renegotiate their rents. It seems the tide is turning in favour of renters, and landlords stuck with buy to let mortgages are caught between a rock and a hard place.
Voids cost landlords money. It’s less of a problem in HMOs, as you’ll still have rental income from the remaining rooms. Since the aim of buy to let investment is to maximise your rental income, it makes sense to take steps to avoid property voids where possible.
Covid-19 may have crippled the economy and sent government debt levels soaring, but the buy to let sector is enjoying a renaissance. As lockdown eases across the UK, the number of people searching for rental accommodation has increased. This has led to many landlords increasing the rent in their properties.
HMOs are one of the most profitable sectors of the buy to let market – landlords can earn three times as much from letting out rooms in a shared house compared to letting a property to a single family. Rental arrears are also less of a problem, as even if one tenant defaults, you still […]
The full implications of the COVID pandemic are still unknown, but the UK economy has already shown a significant negative impact and it’s likely to affect the property market for several months, if not years. These are a few of the reasons why landlords should be preparing now for diminishing profits:
Rents in London and the South East have fallen dramatically during the Covid-19 pandemic. Figures show that in inner London, rents fell by 7.4% while in outer London boroughs, they fell by 3.6%, compared to a fall of just 0.7% across the whole of the UK.
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