When you are giving your property to rent, you are trusting a stranger with your property. No matter what you do for a living, owning a property requires a lot of efforts. Property in UK does not come cheap, and the prices have risen over the past years. Whether you are renting out your property that you live in or some other property in your investment portfolio, you will want to have the best tenant. Also, there is some sentimental value attached to the property, so you need to be certain about who is living in it.
One of the reasons why people save money is to invest and probably ensure that their retirement is comfortably funded. In this case, finding the right channel for investment returns is vital to foster a fruitful savings strategy.
For landlords who are considering on how to market their rentals, they are often faced with two major questions, “Do I furnish it or not?” and “Can furnishing my properties increase my rental yields?”. Well, there are no simple answers to these questions, however, we have compiled some of the benefits accrue to you as a property owner, as well as some downsides of furnishing. Read on!
When you rent out a property, all responsibility related to care and maintenance of the property is not passed to the tenant. In short, you cannot simply forget about property maintenance after letting it out. Similarly, a tenant cannot ignore the maintenance issues of a home just because they do not own the property. It is their responsibility to keep the property clean and livable. There is often confusion over who needs to take ownership of repair and maintenance issues encountered on a property.
A Landlord has several different responsibilities when it comes to their tenants. A number of these responsibilities are put on a formal basis thanks to an ever-changing raft of legislation. Not only do landlords need to be aware of the changes in the laws that govern their relationships with their tenants, but they also need to know of any significant cases that are taken to court as this may well change how they have to react to their tenants. Below, we have listed different ways that landlords can be in the loop about their legal responsibilities.
Over the past years, cases of rogue landlords have crept their way in. This gives the letting industry a negative reputation. Although, you may find that from ten landlords, only a small number have unprofessional tendencies, masking the entire industry negatively. Having a peaceful and fruitful encounter with the landlord is every tenant's desire. To achieve this, we have outlined some of the issues you may consider avoiding to fulfill your desire. This applies whether you are looking for a house from the available online portals or the physical search. Read on!
In all honesty, selling a home could in most cases prove to be a daunting task and people sometimes do not get it right at first, they try and then try again. At this stage, you start to prep your home for viewings, putting the work in to make it attractive while getting prepared for the paperwork that is sure to come.
When it comes to selling your home, you need to make sure that you have the right estate agent. There are many different companies around all competing for your business, so it is important to make sure you are comfortable with who you have representing you. Our tips and tricks will help you pick the perfect agent for you.
Are you letting out a property for the first time? Or have you often faced a lot of problems while searching for a rental property? Well, in the current property market, letting out as well as finding a property can be a real challenge. Have several people recommended that you should hire a letting agent but you are not sure about it? Don’t worry! You are not the only property owner with this confusion. If you talk to landlords, you may get contrasting opinion about the need of a letting agent. Few landlords just don’t do their job without a letting agent while others simply don’t hire one. So, instead of believing the opinion of others, you need to analyse your requirement.
So, after all the stress of putting the paperwork together and aligning documents, preparing your home for its next owner, your home is finally on the market, congrats!
If there isn’t much interest in your rental, what can you do?
A home is probably the biggest asset a person can invest in.