How Do You Reduce The Risk Of Problem Tenants?

Renting a home is a business like no other. It requires a massive investment, and who you sell to (i.e. your tenants) can make or break your business. You are essentially entrusting a significant part of your finances to another person, so a problem tenant can destroy your nest egg. Renting to a problem tenant can also cause you stress and even seriously affect your mental and physical health. You need to do everything you can to avoid this. But how, exactly?

Well, follow the steps in this guide to avoid being a suitable candidate to appear on the popular TV show, Nightmare tenants, slum landlords.

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: We’re in another house price boom. How long will it last?; Factors that impact the UK property market in 2021; Housing market shows ‘no signs of cooling off’; Banks call for COVID mortgage support for struggling homeowners; Mortgage options increase as rates get competitive; Getting A Mortgage When You’re Self-Employed; Brits spend £110bn on home improvements amid pandemic property boom… Happy reading and… renting!

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: The stamp duty holiday has ‘turbocharged the property market’; Lack of new properties to let putting pressure on prospective tenants; The UK’s property bubble – what will happen next?; Record jump for UK mortgage lending after tax break extended; Rents fall in London as pandemic exodus continues; 10 things you need to know before thinking of buying a new home… Happy reading and… renting!

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Let Your Rental Property: Furnished or Unfurnished

Having bought your new rental home, there can be the desire to furnish it to a boutique hotel standard before renting it out. Similarly, suppose you are on a budget and have already invested heavily in fixing other areas of the house. In that case, it may seem just as an attractive option to rent the property looking clean and spacious and completely unfurnished.

So how do you decide which is the best option? In this short guide, we look at each option’s pros and cons so you can better make that decision.

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Scotland extends eviction protections for further six months; Lockdown has helped a third of homebuyers get onto property ladder; The cities where home buyers need the smallest deposits; UK mortgage approvals for February surge 20%; Coronavirus: 840,000 Brits have fallen behind on rent since crisis began; London super prime lettings market making a return… Happy reading and… renting!

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How to make your tenant feel at home

When you are renting a property, it’s essentially a sale. Make a good sale, and you have tenants that might even stay a decade. Imagine that! A perfect tenant, that stays and pays on time. You never have any issues, they look after the property and you never have to worry about your property being empty, with mortgage payments to make – costly renovations, and all the hassle of advertising the property for new tenants. So, how do you get tenants to stay? Well, here are a few helpful tips, to get tenants to stay longer.

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Build to rent sector accounts for 1% of all housing; House purchases up to highest quarterly level since 2007; Lockdown has changed buyers’ requirements for their next home; One fifth of UK homeowners unable to remortgage due to pandemic; Rental market activity remains robust despite lockdown pressures; Stamp duty holiday rumoured to be extended until June… Happy reading and… renting!

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What Are Typical Landlord Expenses And How To Keep Track

It’s easy enough to assume that rent minus mortgage fees equals profit for you as a landlord. But there are far more expenses involved in renting property, and if you were to go on this simple equation, you’d soon find yourself out of business. In this short guide, we take a look at the expenses you will encounter being a landlord and how you can keep track.

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: House prices in Prime Central London down 4.3%; UK House Price Growth Hits Six-Year High As Rent Inflation Eases; City centre rents hit hard as tenants move to suburbs; UK mortgage approvals at record high in 2020; UK renters snap up properties 30% faster amid flight for green space; Proportion of UK landlords buying in cash falls to lowest figure on record… Happy reading and… renting!

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10 Issues To Address Before A New Tenant Moves In

So you’ve found a tenant to move into your property. Great! But there are still some things you need to do before you can hand over the keys and collect your monthly rent.

Making a checklist is easy and will make sure that everything is in order, so you can sit back and relax with what should be a mutually beneficial arrangement. Here’s a super easy checklist to tick through and cross off, as you go.

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