In the UK owning your own home has always been an aspiration. It's seen as an achievement to buy your own home. But is that an outdated view? Do young people still have the desire to buy their own home? Many no doubt still do aspire to buy a house. But many people of all ages now prefer to rent. Indeed, the private rental sector has never been so strong. This is great news for private landlords of course. But why do some tenants prefer to rent rather than buy?
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It's fair to say that when they advertise their property few private landlords immediately think of including a floorplan. A landlord will typical spend a long time agonising over the words to use in their ad. They'll spend even longer trying to get the best photos of their property. Or they will pay a professional photographer to take the photos instead.
Council tax shouldn't be an issue for private landlords. Yet it can sometimes turn into a messy situation when a tenant doesn't pay their bills. Especially when the landlord starts receiving letters from the local council threatening recovery action. But what should you do if you find yourself in this situation?
Whether or not to give your tenant a Christmas present seems a simple enough question. But it's one which does divide private landlords. Yet there is evidence that gifts to tenants can bring benefits to the landlord.
When a tenant moves into their new home it's bound to be with a combination of excitement and a little stress. Especially on moving in day. It can turn into a long slog. And one which can be a little fraught. So, it's a nice gesture to prepare a welcome pack for your new tenant.
This bill will bring big changes. And it's a subject MakeUrMove Managing Director Alexandra Morris (MARLA) will be addressing in a FREE webinar on Thursday December 13. You can find more information about the webinar and reserve your place by clicking here.
If you're a private landlord you'll know all about Rightmove. But just in case you're not aware. Rightmove is the biggest property website in the UK. Hundreds of thousands of people visit the site every single day. And if you're a private landlord looking for tenants it’s where you need to advertise.
Viewings are an essential part of any private landlord's business. After all the viewing is the platform from which you can 'sell' your rental to prospective tenants. But there is a problem with viewings which every landlord will be aware of. They can be a pain. Or at least the time they take to conduct and arrange can be. Not to mention the initial screening process.
Welcome along to the next in our interview series where we capture insights from notable property people. Today it is the turn of Lincoln-based property developer Ryan Carruthers, who along with his business partner, Kim Stones, undertakes some large commercial to residential and mixed used projects as well as holding stock for rental.
I can hear the groans already. "Oh no. Not health and safety! Anything but that." It's understandable. Private landlords have so many rules and regulations to think about it's enough to put your head in a spin. Who wants to deal with health and safety as well? Unfortunately, it isn't something you can ignore. You have many responsibilities as a landlord many of which come under the health and safety umbrella.
It's a question you may not have thought about before. If you have your first response would probably be long the lines of "Who cares as long as they pay the rent." And if you're a landlord with dozens of properties in your portfolio and staff to manage them for you it's an understandable answer. After all, you're only going to be concerned with the numbers in the profit and loss columns. But for most private landlords it's a question which deserves a little more thought
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Choosing to become a private landlord is a big step. There are plenty of things to think about. Not least the financial aspects. But, if you're thinking about letting your home here's the most pressing things you should consider before taking the plunge.
