When BHS went into administration in 2016, not much was said about the 164 commercial landlords owed £4 million in unpaid rent, some of whom were also private landlords. Many of the properties were old, in poor condition, and too large for most prospective tenants.
The Residential Landlords Association is warning landlords that many tenants are living in their overdrafts. With the new FCA rules on overdraft fees coming into effect in April, it’s likely that many tenants will slide further into debt – which could impact their ability to pay the rent on time.
When our customers told us they wanted to upload their receipts to Landlord Vision and extract data from them, we set about finding ways to make that happen. We knew we couldn’t code it ourselves, that would have taken years, but we wanted a partner that we’d be proud to do business with. We wanted […]
Property investment often yields higher returns than sticking your money in a savings account or ISA. Unlike futures trading or similar risky investments, property is widely considered a relatively safe long-term investment, as capital growth typically follows an upward trajectory and rents rise in a corresponding fashion.
The RLA has helped a landlord win his case against a local authority that rejected a Housing Benefit claim by his elderly mother, the tenant.
Not all tenants live in the private rental sector out of necessity. Some people would rather rent a home than buy one. Where tenants live in the private rental sector by choice it’s usually because it makes sense for their lifestyle at that time.
Houses of multiple occupation (HMOs) are a potentially lucrative business model for landlords. Rental yields for an HMO are typically higher than for standard family properties, but they are a little harder to manage.
In 2012, there were 2.58 million private landlords. By 2017, the number had risen to 2.88 million, as more people bought into private rental housing in a bid to make extra money and shore up their retirement income. But thanks to government tax changes, this number dropped to 2.66 million in 2019. Does this data […]
No landlord likes void periods. It’s that period in time where your property is unoccupied usually because you are between tenants. Empty properties can cause problems if you have a mortgage to pay. In this article we’re going to explore how to manage and avoid void periods.
Landlord Vision contains a huge and comprehensive reporting suite that will help you dissect and analyse the data in your portfolio in a lot of different ways. Some of the reports are purely useful, like the one that pulls in all your key details so you can see at a glance who has what key […]
Owning rental properties for investment purposes requires you to have business acumen, especially if you want your investments to grow. Your properties are a business, so you need to run them like one. Growing a business means you need to know how to handle risks, when to pivot and how to avoid ‘putting all your […]
According to research carried out by Knight Frank, the private rental sector is expected to reach 22% of the total housing stock by 2023, with 35-49-year-olds now the largest group living in rented housing.
New research commissioned by the Telegraph has found that rising property maintenance costs are crippling many landlords, forcing them to leave the buy to let sector or target more profitable tenants.
This guest post is bought to you by the rubbish removal company Junk Hunters. Their experiences dealing with properties that have been used by tenants as cannabis farms will give landlords valuable insights into things they should be looking out for in their rental properties…
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