Whether by plan or by accident, renting out your own home could be better for you than selling.
Perhaps you’re relocating for work, heading off on an exciting adventure, or looking to create an extra income stream while moving on somewhere else.
Tag: FifeLandlords
FPTV (EP 214) LANDLORD DREAM TEAM: Who do you need by your side for an easy landlord life? (Watch/Read/Listen)
They say teamwork makes the dream work, and being a landlord is no exception.
Having great people working for you gives you the most precious commodity of all – time. Time to spend with your family, on personal passions, or expanding your rental portfolio.
FPTV (EP 212) FINES FOR LANDLORDS: Essential tips and guidance to avoid costly penalties (Watch/Read/Listen)
Today, being a landlord or a managing agent is expected to be a highly professional and conscientious business, with severe consequences for ignoring the rules.
Fines for landlords can run into tens of thousands of pounds, but fortunately, with the right preparation and knowledge, they’re easier to avoid than a parking ticket.
FPTV (EP 210) RULES FOR RENTERS: Our Landlord Guide to Your Tenant’s Duties of Care (Watch/Read/Listen)
If you want your tenant to look after your rental property correctly, it’s unfortunately not enough to rely on them knowing every letter of the law around their responsibilities.
What some might see as basic housekeeping or even common sense, others may not, and without specific wording in the rental contract, the door is open for problems, disputes and disappointment.
FPTV (EP 206) WHAT DO TENANTS WANT? Five insider tips to maximise your rental home’s appeal and profit (Watch/Read/Listen)
When times are good, it’s easy to think tenants will rent anything at any price. But when the market changes and there’s more competition from other rental homes, a property can quickly lose its appeal.
Outdated homes also mean more calls around making repairs together with more tenant changeovers, all the while falling further behind the market and never reaching their full income potential.
FPTV (EP 204) LANDLORD FIRE SAFETY: Tips for keeping your tenants safe and your property legal (Watch/Read/Listen)
Tenants are more at risk from domestic fires than homeowners, mainly because more adults sharing a property means more personal gadgets and heavier use of appliances.
Admittedly, fire regulations are a deeply unsexy subject, but they exist to protect your property from devastating damage that could leave your tenants homeless or injured, and you without an income.
FPTV (EP 202) THE RULES OF LETTINGS: Five universal principles that every landlord needs to know (Watch/Read/Listen)
Whatever kind of landlord you are or wherever you own a rental property, some universal principles apply to keep your investments profitable, sustainable, and enjoyable.
Private landlords are effectively small business owners, and just like high street shops and online retailers, an important part of their success is planning and management.
FPTV (EP 200) HOUSEMATE HEADACHES: How to calm conflicts between sharers at your rental property (Watch/Read/Listen)
More people than ever are sharing a rental home as rents keep rising and supply continually falls short of demand.
Shared homes and HMOs (Houses in Multiple Occupation) have been highly profitable for landlords, but they also come with the inevitable challenges of multiple people living at the same address.
FPTV (EP 198) LANDLORD PROFIT BOOST: Smart and smooth financial management for your buy-to-let (Watch/Read/Listen)
“Look after the pennies, and the pounds will look after themselves.”
It might be an old saying, but keeping a keen eye on the day-to-day finances of your rental property can pay huge dividends. But we’re not talking about being cheap.
From buying a new fridge to replacing a shower head or even choosing a letting agent, going for quality will reward you with years of reliable service.
FPTV (EP 196) CHOOSING A BUY-TO-LET: How to pick the right investment property and market for you (Watch/Read/Listen)
Rental yields have risen to their highest level since 2018, with three consecutive quarters of growth taking the UK average to 6.1%, according to a new survey of landlords by Paragon Bank.
It’s great to see national data reflecting the rental market in your area, where the massive demand from tenants continually makes buy-to-let a lucrative investment choice.
