Category: People Interests
Getting into the buy-to-let side of the residential property market has been an increasing trend since the end of the last century as people began to realise that residential property can be there for investment-returns longer-term, not just for living in.
With the rising property market, people started to build up portfolios of properties let out to tenants, whether basic flats or larger and more complex houses.
However, things seems to have got more difficult over the last few years. There’s increasing bad press and hurdles to get through in order to get these stacking up, with reported trends of fewer private investors in this market, and more corporate-style off-shoots developing like the build-to-rent model with large blocks of...
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Category: Condition & Repairs
This is a new piece of legislation coming into force to help short-term residential tenants chase a landed with issues like damp that simply make their residence inhabitable.
No more landlords burying their heads in the sand and creaming-in the rents whilst a tenant lives in a dive.
The legislation is basically an amendment to the core Landlord & Tenant Act 1985 through the Homes (Fitness for Habitation Act) - still using HHSRS (Housing Health & Safety Rating System) Regulations and the 29-core issues that make a place inhabitable for a tenant.
Damp is a popular one, bit there are other issues as well.
The 4 ‘R’ Consequences
There is a host of technical information around on this, as with any change in legislation...
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Everyone knows how the Covid-19 outbreak is a game-changer in many respects, including the management of properties.
Therefore, here is our overview and go-to-guide on the matter.
Whether a tenant now not able to pay bills, landlords having rental and value losses, or property advisors stuck in the middle.
The official government Covid-19 guidance for landlords and tenants can be found here, and the main piece of legislation passed by the government in March on a general not just property basis is the Coronavirus Act 2020 (and associated practice direction). Plus, HSE advice here, and NHS here.
Plus, the RICS (Royal Institution of Chartered Surveyors) have guidance here, ARMA (Association of Residential Managing Agents) have help...
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Here are various blog resources related to the rent that is paid at properties, with sub-category information on Rents here. Whether you're a landlord receiving, tenant paying, or middle-man managing. Right through from how to correctly charge and collect to how it needs to change over time, this is often the most important factor to managing let properties, and includes simular variations such as licence fees.
Here are various blog resources related to non-rent monies and payments, with sub-categories of service charges, fees, and other monies and costs/charges. These can be directly charged or hidden away, and are important to know what you may have to pay or might be able to charge another property interest for.
Here are various blog resources related to the insurance of properties, ranging from the main building cover to ancillary ones like contents, with sub-category insurance ones here. Whether it's the premium to pay or the policy to correctly arrange, these help explain what's needed from the perspective of different property interests.
Sales & Lettings
Here are various blog resources related to the sales & lettings of a property, and all related transactions, with sub-category resources of Sales & Lettings. Whether you're involved in these directly yourself, or you're working with other sales/letting agents and interests, these help highlight important property managemnet factors to consider.
Leases & Titles
Here are various blog resources related to all forms of leases, titles, and legal documentation involved with property interests, with sub-categories for Leases and Titles resources. Whether a straight forward lease agreement or complicated legal documentation, here is help to understand what you're trying to achieve and then practically how to easily do this.
Here are various blog resources related to all the taxes involved with property interests, from VAT and SDLT, to income and capital gains, to rates and council tax - chcek out the Tax sub-category. These will help you work alongside other accounting and tax advisors to make sure you cover all bases to reduce your overall tax liabilities.
Services & Compliance
Here are various blog resources related to the services and compliance at a property, with sub-categories of Fire Safety, Security, Cleaning & Hygiene, Health & Safety, Utilities & Energy, Maintenance, Other Services, Facilities, and Planning. These range from say your fire and health and safety compliance, through to services like cleaning and utilitities. These resources help provide an overview of each area without getting too technical, so you can plan it all in at the right time and best cost.
Here are various blog resources related to any other general subjects involved with properties and their interests, including sub-categories of Procedures, Principles, and Special Occasions. So whether it's the basics of property management, or more specific property issues and queries that don't naturally fall in the other categories, you'll find them all here.
Condition & Repairs
Here are various blog resources related to the condition of a property and any repairs and alterations required, with sub categories of Condition and Repairs. Whether it's a reactive roof repair, pro-active maintenance plan, or carefully-chosen contractor - these help explain how to effectively keep properties in the right condition.