Category Archives: Advise

Posted in Advise, Rentila.

How to secure a rental property: guide for landlords

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 Last updated 06/04/2024
How to secure a rental property: guide for landlords
Summary
  1. Securing property against burglary
  2. Protecting rentals from fire damage
  3. Preventing water damage in rental units
  4. Dealing with unruly tenants
  5. FAQ’s
  6. Things to remember

Did you know that England and Wales experienced 273,076 burglary cases in the year ending September 2023?

As a landlord, you want to protect your property and tenants. But how do you secure a rental from threats like burglary, fire, water damage, and unruly residents?

Don’t sweat it; we’ve got your back. Join us in this read, where we explain how to secure a rental property. We’ll walk through essential tips to safeguard your BTL property so you can sleep easy at night, knowing your rental is protected.

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Posted in Advise.

What is a healthy cash flow for your BTL property?

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 Last updated 03/04/2024
What is a healthy cash flow for your BTL property?
Summary
  1. The importance of Buy-to-Let cash flow for investors
  2. How to calculate cash flow for a rental property
  3. What is considered a healthy cash flow amount?
  4. 3 tips to improve your Buy-to-Let cash flow
  5. FAQ’s
  6. Things to remember

A good measure of a (buy-to-let) BTL’s cash flow is the rental yield. To achieve a healthy cash flow for your BTL property, it’s important to aim for rental yield values of at least 5%. But what does that actually mean for your bottom line?

Understanding cash flow helps you determine if your rental property is profitable and worth keeping. In this article, we’ll cover what cash flow is, why it matters, and how to calculate it for your BTL so you can make the most of your investment. Let’s start by understanding the importance of cash flow for BTL.

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Posted in Advise, Rentila.

How to evict a tenant in the UK

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 Last updated 04/03/2024
How to evict a tenant in the UK
Summary
  1. Understanding the different tenancy agreements
  2. How to evict a tenant in the UK
  3. 4 Important considerations and legal tips when evicting tenants
  4. FAQ’s
  5. Things to remember

With about a 32% increase in eviction notices served to tenants between 2022 and 2023, landlords have increasingly found reasons to evict tenants in the UK. But this doesn’t mean eviction is straightforward; tenancy law is complex, and there are lots of legal procedures to adhere to.

In this comprehensive guide, we’ll walk you through the step-by-step process of how to evict a tenant in the UK, ensuring you comply with the relevant laws and regulations.

But first, let’s start by examining the different types of tenancy agreements, as it’s crucial to help you assess what eviction rules apply to you.

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Posted in Advise.

How to set the right rent price for your BTL

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 Last updated 02/01/2024
How to set the right rent price for your BTL
Summary
  1. 3 Factors that influence your BTL rent price
  2. How to set the optimal rent price
  3. 4 common BTL rental pricing mistakes to avoid
  4. Regularly reviewing and adjusting your rental price
  5. FAQ’s
  6. Things to remember

You want to make sure you’re charging the right rent for your buy-to-let (BTL) property. Set it too high, and your property may sit empty for months. Set it too low, and you’re leaving money on the table that could help pay off your mortgage.

Before we show you how to set the right rent price for your BTL, let’s consider the factors that determine rent price.

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Posted in Advise, Rentila.

How UK landlords can reduce turnover and minimise vacancy

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 Last updated 05/12/2023
How UK landlords can reduce turnover and minimise vacancy
Summary
  1. What Is Tenant Turnover and Vacancy?
  2. Factors Contributing to Tenant Turnover
  3. The Cost of Tenant Turnover and Vacancy
  4. Ways to Deal With Tenant Vacancy Efficiently
  5. Strategies to Reduce Tenant Turnover
  6. 7 Benefits of Tenant Retention
  7. FAQ’s
  8. Things to remember

As an independent landlord in the UK, it’s crucial to understand how to reduce tenant turnover and minimise vacancy.

This comprehensive guide will walk you through the various factors contributing to tenant turnover and how vacancy impacts revenue. It’ll also outline practical solutions and strategies to manage and retain your tenants effectively, ultimately reducing turnover and minimising vacancy periods.

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Posted in Advise, Rentila.

5 things landlords are not allowed to do while renting

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 Last updated 03/04/2024
5 things landlords are not allowed to do while renting
Summary
  1. Landlords cannot enter a tenant’s home without proper notice
  2. Landlords cannot increase rent without following proper procedures
  3. Landlords cannot harass or discriminate against tenants
  4. Landlords cannot lock out tenants without going through an eviction process
  5. Landlords cannot retaliate against tenants for complaining of poor conditions
  6. FAQ’s
  7. Things to remember

Are you a property owner who’s recently decided to rent out your space?

That’s great, but you must be prepared for the responsibilities that come with being a landlord. One of the mistakes landlords make when renting is not educating themselves on tenancy regulations.

As much as you’d like to, there are certain things you just can’t do as a landlord. We’ve compiled a handy list of 5 things landlords are not allowed to do while renting their property.

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Posted in Advise, Rentila.

7 Common Mistakes Landlords Make When Renting

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 Last updated 01/06/2023
7 Common Mistakes Landlords Make When Renting
Summary
  1. Not Doing Proper Tenant Screening and Background Checks
  2. Lacking Adequate Insurance Coverage
  3. Not Having a Comprehensive Tenancy Agreement
  4. Failing to Protect the Security Deposit
  5. Not Keeping Accurate Records and Paperwork
  6. Not Understanding Tax Obligations
  7. Not Staying Up-to-Date With the Regulations
  8. Frequently Asked Questions
  9. Things to remember

Being a landlord can be lucrative, but pitfalls can lead to headaches and costly mistakes. With so much to keep track of, it’s easy to overlook a few essential details. Fortunately, there are simple steps to minimise your chances of making a costly error when renting out your property.

Let’s look at the seven most common mistakes landlords make when renting in the UK and how to avoid them.

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Posted in Advise, Rentila.

Spotting the Next Up-and-Coming Area for a Great BTL Investment

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 Last updated 02/05/2023
Spotting the Next Up-and-Coming Area for a Great BTL Investment
Summary
  1. Evaluate Historical Results
  2. Use Local Knowledge to Identify Opportunities
  3. Do Your Research on Local Employment and Demographics
  4. Analyse Rental Prices, Vacancy Rates, and Yields
  5. Take a Closer Look at the Location’s Infrastructure and Amenities
  6. Frequently Asked Questions
  7. Things to remember

Property can be a great way to generate income and increase wealth, but it requires careful research and planning. You need to know how to spot the areas that will offer the greatest return on investment (ROI) and how to manage your properties so they remain profitable.

This article offers five insightful tips to help you find the perfect buy-to-let (BTL) investment opportunity. And by the end, you’ll have all the knowledge you need to make an informed decision about your next BTL investment.

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Posted in Advise.

Best Ways to Improve the Energy Efficiency of your BTL Property

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 Last updated 06/03/2023
Best Ways to Improve the Energy Efficiency of your BTL Property
Summary
  1. The right property
  2. Draught proofing
  3. Radiator valves
  4. Loft insulation
  5. Double glazing
  6. LED bulbs
  7. Smart meters
  8. Things to remember

The cost-of-living crisis in the UK has partly been driven by substantial energy price increases. And that’s bad news for you as a landlord. You might pay for energy as part of the rental price, which means a hefty increase in your overheads. However, most rentals don’t include energy bills, but if your tenants are struggling to pay their energy bills, you might find they can’t pay you the rent on time or at all.

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Posted in Advise.

Buy-To-Let guide for landlords in 2023

Posted on by
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 Last updated 01/02/2023
Buy-To-Let guide for landlords in 2023
Summary
  1. What is Buy-to-Let?
  2. What are The Benefits of Buy-to-let Property Investment?
  3. How to Get on The Buy-to-let Property Ladder
  4. Buying the Property as a Limited Company
  5. What are The Tax and Fees for Buy-to-let Properties?
  6. So, is Buy-to-let in the UK Still Worth it?
  7. Buy-to-let Guide For Landlords In 2023: Key Points

This buy-to-let guide will explain everything there is to know about this investment type, including what it is, the benefits, and how to get started. If you’re considering joining the many buy-to-let investors in property, you must get a good grasp of what you’re signing up for.

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