With rising house prices and dormant wages, one out of every four households in the UK is expected to rent privately by the end of 2021.
Referencing is a hugely important part of finding tenants. Private landlords need to do all they can to ensure the tenant who lets their property is trustworthy, reliable and can afford the rent. Referencing is the only way a landlord has of checking a tenant's employment status, creditworthiness and character.
Tenants face paying an average of £23 a month more in rent, totalling £414 across a typical 18-month tenancy, as the average monthly rent of £918 is set to rise by 2.5 per cent in 2018.
When a tenant moves into your property it is natural for them to want to make it their home. This will mean surrounding themselves with possessions, moving the furniture around and adding their own personal touches.
As a private landlord, you will inevitably find yourself compiling a list of trusted contractors to whom you can outsource repair work and servicing. Decorators, handymen (or women) and gardeners will all be on speed dial. As will gas engineers and electricians. You will find plenty of work for all the tradespeople in your contacts book as the years roll on and tenants come and go.
To celebrate MakeUrMove working more closely with the National Landlords Association, we are pleased to present an interview with NLA London Representative, Landlord, and Broadcaster Richard Blanco.
It may surprise some private landlords but the majority of tenants do want to meet them before they move into a new rental property. Though there are plenty of landlords who aren't too keen.
The General Data Protection Regulation (GDPR) comes into force on the 25th May 2018. GDPR represents a new standard by which businesses - including landlords - need to deal with personal information about tenants.
In our opinion, landlords have always needed to take a long-term view, but, in the current market conditions, investments horizons may be needed to be stretched even further.
Renting to students can be a lucrative business. Many private landlords specialise in letting this type of accommodation. But if you are getting ready to welcome your first student tenants or are still thinking about taking the plunge here are our tips on preparing your property.
The UK is full of pet lovers with over 50 million of us owning a furry friend. The most popular pet is in the UK, unsurprisingly, is a dog - 26% of the whole population own one! In total, 45 percent of the UK population own a pet.
Increasing rent on a property can cause quite a fuss for tenants and if there’s any way that a landlord can earn more money without making the occupants angry, you’d probably take it.
