22nd November 2021
What Has The Pandemic Taught Us and How Has The Market Changed?
Having extended the eviction ban for a further month at very short notice the government have issued further guidelines that come in from the 1st September. You will only have to give 4 weeks notice of intention to repossess your property on grounds of anti-social behaviour; with just 2 weeks notice for tenants who have committed acts of domestic violence, and 4 weeks notice for tenants who have built up 6 month rental arrears. Whilst this is a (very) tiny step forward, you will still need a court order to evict, and with courts likely to be almost a year behind due to the current restrictions, you are still in for a long and painful process. Should Landlords Manage Their own properties? With all the current legislation changes, and the Governments determination to protect the tenants from Landlords (I'm not entirely sure what they think Landlords are like) it's a nightmare trying to keep up! You say, or do one thing incorrectly, and you could see yourself in a year plus long ride through the court system. Scaremongering aside, Landlords need to remember that renting your property is a business, and all personal feelings have to be set aside. In a recent survey of Lettings Agents 90% of them said that tenants, at the viewing stage, always ask ‘who is managing the property?’ With 70% of those saying that, given a choice of properties, they would go with the property managed by an agent. I believe tenants feel that dealing with an agent is less personal, they feel that any repairs will be done quicker and that if things go wrong they are better protected when dealing with an...
If you are a solo office or small chain, chances are that up to 40% of your space is taken up by non-fee earning staff. Imagine if all your desks were occupied by fee earners! We all know that having a letting and management arm to an Estate Agency is the way to go. Lettings offers a more stable income than sales; and a regular management income can save an agency, especially in these uncertain times. We offer a fully outsourced property management service, that keeps the profits in your pocket and the hassle off your plate. By outsourcing your property management to Performance Property Management you will be able to offer your clients bespoke property management (which tenants and landlords love) with none of the headaches and more room in your agency for fee earners! PPM has it all, Client Money Protection, Association of Residential Lettings Agents membership, Property Ombudsman Membership, Non-Resident Landlord Registration and Money Laundering Registration. You wouldn’t need anything. Want to learn more? Contact Paul Barnett to discuss how this could work for your agency. ...
Recent research suggests that 1 bedroom apartments have the best rental yield, 2 bedroom flats are a close second and 3 bedroom flats/houses in third place. There are, of course, regional variations, but in general I would concur with these findings. So, does that make 1 bedrooms the best buy to let option? I have given advice to hundreds of Landlords looking to invest in buy to let properties, and as long as you follow the basic rules, every type of property has its advantages and disadvantages. There is no hard rule, it comes down to usage, location and market conditions. 1-bedroom properties will, in general, give you the best rental yield, but a 2 or 3 bedroom property will grow more in value delivering a better return in terms of capital growth. This evens things out over the medium to long term. If the housing sales market goes through a dip and you need to sell an asset, then 2- or 3-bedroom properties will often sell before a 1 bedroom. There are many variables in play and when it comes to buying the best property to maximise your return will be greatly affected by factors such as area, budget, local demand etc. If you need any advice, and cannot find the answers on my website, then please feel free to call or email me with any questions you may have. My advice is free of charge and comes with no strings attached. ...
What Has The Pandemic Taught Us and How Has The Market Changed?
PPM is the first company to offer Landlords a one-stop-shop for every aspect of property management.
A single, highly experienced, point of contact means you will never have to waste time, or worry, about your property.
From tenancy agreements, to mowing the lawn and everything between, we’ve got you covered
