Health and safety is a major part of any landlord’s duties. But there are certain regulations that are mandatory and you must be aware of them.
If you’re a new landlord, or an existing one looking for essential tips, here are the essential, mandatory laws you need to address. Read the rest of this entry »
Still a relatively new concept, many landlords are unsure about whether they should trust or use online letting agents. With more people using the web to find properties than ever before, this may seem like a no-brainer. However, these nerves are understandable because whether a landlord owns just one property or has amassed a large portfolio, rentals are expensive assets that require careful management. As such, a landlord needs an agent who is trustworthy, reputable and possesses specialist knowledge and expertise. Read the rest of this entry »
End of tenancy inventory checks don’t stop with the cleanliness or condition of provided facilities/appliances, or to make sure original fixtures and fittings are still in place – or at least put back to where they were at the start of the tenancy. Inventory checks go further than that, and perhaps further than tenants may realise. Read the rest of this entry »
In this simple guide, we cover what is the actual management of housing inventory and how it can benefit the average London landlord. Even if you are one, and you do not impose strict control as a landlord, I hope that this article can help you understand some of the fundamental tenancy concepts and ideas. To store, track and ensure all property inventory sure does come with expenses on its own. If you start from scratch and you haven’t monitored what is the condition of your assets during tenancies, here’s what you need to know: Read the rest of this entry »
Inventory Services Are Becoming Ever More Needed And That’s A Fact.
A property inventory stands for an extensive and detailed property adjudication report of the full contents of a building or a an apartment . This full checklist of all contents of the building, house or apartment under inspection can be used as a proof in a number of situations. If you spend a little bit time on the web, you will come across the term “schedule of condition“. Property inventory suffers a lot of fair wear and tear and to monitor its condition is of crucial importance to every real estate landlord. In order for tenancy deposits to be handled fair, wear and tear have to be adequately held on the record.
Realty prices and rent has been rising and according to some recent studies, a huge percentage of all London renters could drop under the living standard end head to poverty.
For what archives have to show us, on the record the United Kingdom overall rental property inventory has been experiencing fast and dramatic changes within housing accommodation sector. Prices have been constantly and as a matter of fact still do rise throughout the whole real estate sector. Some say house values within London have been jumping literally overnight, which leads many landlords and property owners to sell their real estate belongings and retire somewhere within the capital suburbs and surroundings.
Rental Property Landlords
In order to accomplish a sustainable and successful property management, every London housing owner or agent should follow a strict and precise policy of how the rental real estate is handled. It’s a fact this year will hold a number of surprises.
We had a serious discussion in our office about the most important aspects of real estate and inventory management, that rental accommodation landlords should always go through at the beginning of any lease or tenancy.
By definition wear and tear is the inevitable damage, caused by natural aging. In the process of extensive use the condition of all rental property inventory eventually turn out as worn off. Sometimes accidental rips, scratches and holes classify as such as well. Carpets, sofas, tables, chairs and all other furniture get worn off easily and often become what tenant-landlord disputes happen over the most. The home owner or property manager cannot simply charge leasehold occupiers over the preposition of fair wear and tear damage. If the tenancy contract does not specify the specific conditions nor rules under which amortization is handled, both landlords and tenants trend to speculate with what fair wear and tear is.
No matter if it is to be your first buy-to-let property or you are already skilful and experienced in the field of any real estate related business, there are always tips an tricks that if take under consideration will improve both the start and end point. Renting in London is more than tricky and proper planning could save you lots of nerves, unneeded expenses and of course result in better assets and a wiser usage of your capital. As professional inventory clerks, we at Tick Tick Check Inventories drive throughout the city on a regular basis. To pick the wrong house or flat often results in insufficient income, and a number of problems, while the smart pick, backed up with both research, knowledge and of course – the right resources, could lead you to none less than success. In order to make that right decision every entrepreneur needs to evaluate what his current options are and consider each possible outcome. Such power requires a set of characteristics, qualities and spirit, that are hard to achieve but if so, will definitely take you on a path to wealth and prosperity.
