A landlord’s checklist before renting a home

As with everything in life, things are never quite as simple as you may think. If you’re a new landlord or you’re thinking about letting property as a career or side hustle, there are hidden costs that you need to budget for. If you only account for mortgage costs when setting a rental value you could be in for some nasty surprises down the line. 

Before you even advertise your property for rent you need to account for several hidden costs. You need to be in a financial position to deal with the unexpected costs you may encounter. This means you should always have a contingency fund. As a rule of thumb, it’s recommended that you have around 30% of your gross annual rental income set aside to deal with hidden costs such as advertising for new tenants, repairs, and redecoration

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Help for Landlords to Choose the Right Letting Agents

In this article, we share six simple tips to help landlords choosing the right lettings agents to work on their behalf.

Finding a good letting agent can often be a tough task for landlords. We look at how you can increase your chances of finding the perfect letting agent to help you get the most from your rental property.

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Tenancy Contract Types

In an ideal world, no landlord would ever have to end a tenancy early. Unfortunately, however, we don’t live in an ideal world, and as a result, ending tenancies early is something that both landlords and tenants have to be prepared for. Given that it happens so often and for so many reasons, there’s a lot of confusion out there when it comes to what the specific precedent needs to be in order to comply with UK law. A single Google search throws up thousands upon thousands of results, meaning that for landlords and tenants both, the topic can be overwhelming at times.

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5/5 (1) How to Make an Inventory

A property inventory is a record of all the things that you own in your house. There are a number of different homeowners who will want to make sure they perform a property inventory before getting on with selling their place. Regardless of whether you’re a landlord with a number of properties, a private owner looking to rent out their apartment for the first time, or somebody who makes a living renting houses, it’s vital that you have an exhaustive list of every single item potential residents in your home are likely to come into contact with.

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Tenancy Agreements - A 5-minute guide for landlords

It is easy to get flustered when you are renting a house or apartment for the first time, or even if you have previously gone through the procedure. The important thing is to keep a cool head and to make a checklist for all that you have to keep in mind when you go to complete things with your soon-to-be landlord. Rentila helps in getting you all kinds of property. Whether you are looking for an apartment, office space or house, Rentila is here to help!

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Should You Operate as a Private Landlord or Should You Use a Letting Agent?

Many homeowners throughout the UK who are considering letting out a property they own have to make a tricky decision long before any paperwork even gets signed. This question (as indicated by the title of this article) is whether they should work as a private landlord, or whether they should make use of a letting agent. The path you ultimately end up choosing will significantly impact the overall experience, so it’s important to think this through carefully.

In the following article, we’ll be going through both options as a way of best preparing you to make this decision for yourself. Bear in mind that, at the end of the day, it’s your call to make, and nobody else’s — we’re just going to present you with the facts as they apply to letters in the UK.

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