Ten Useful Tips From Experts In Rental Website's - PowerPoint PPT Presentation

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Ten Useful Tips From Experts In Rental Website's

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We all know the bad news about Renting a villa or booking a room, some people made a fortune out of it using Rental websites, while others ended up with overpriced properties, fetching rents far below the hoped-for rate. Now there comes news that, from April next year, the Government is going to cap the amount it pays to housing-benefit recipients, of whom 1.4 million rent property in the private sector.for more visit: – PowerPoint PPT presentation

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Title: Ten Useful Tips From Experts In Rental Website's


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Ten Useful Tips From Experts In Rental Website's
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  • We all know the bad news about Renting a villa or
    booking a room, some people made a fortune out of
    it using Rental websites, while others ended up
    with overpriced properties, fetching rents far
    below the hoped-for rate.  Now there comes news
    that, from April next year, the Government is
    going to cap the amount it pays to
    housing-benefit recipients, of whom 1.4 million
    rent property in the private sector.
  • This means many landlords are going to be faced
    with a choice of either lowering the rent for
    these benefit-receiving tenants, or else kicking
    them out and trying to find new, more prosperous
    ones. The third option, of course, is to sell up.

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  • Do your research
  • Spend plenty of time investigating the Property
    area. The advantage of Rental websites enting is
    that you can move when your tenancy is up, but
    don't think too short-term make sure this is
    the area you want to live in. If you have
    children make sure you look into the local
    schools and not just the nearest one using Rental
    websites
  •  

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  • Use the whole rental market
  • Don't just walk into the High Street estate
    agents. Large firms can have a wide range of
    property in Rental website's which check out
    property management agencies and private
    landlords too and make sure you are not paying
    over the odds.
  • Spread the net
  • Your Rental website's doesn't have to be in the
    town where you live. It is more important to
    identify an area where there is demand for the
    kind of property you can afford to buy, and where
    the kind of rent you can charge will make the
    project financially viable. If you are going to
    employ a letting agent to do the day-to-day
    running of the property (collecting rent,
    organising repairs, see Be Businesslike, below),
    it doesn't matter if you live one mile away or
    100 miles away.
  • Be businesslike
  • Being a landlord is a job, not a hobby, and it
    may well be worth your while to employ a lettings
    agent to do the day-to-day running. They will
    charge about 10 to 12 per cent. "It's easy for
    someone going into buy-to-let for the first time
    to get things wrong," says Ian Potter, operations
    manager at the Association of Residential Letting
    Agents.

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  • Take your time viewing properties
  • Looking around rental properties can be a bit of
    a whistlestop tour but if you find somewhere you
    like don't just give it a ten minute once over.
    Check everything carefully.
  • Ask the agent about their fees
  • Before you make an offer in Rental website, quiz
    the agent about fees for references and credit
    checks. Sadly ramping up fees is a sharp practice
    that started in the cut-throat lettings market in
    certain areas of London, spread outwards to
    encompass most of the capital and has now gained
    a foothald in other major cities in the UK.
  • Be aware of benefit cuts
  • As from April, the maximum weekly housing
    benefit the State will pay is 250 for a
    one-bedroom property, 290 for a two-bed, 340
    for a three-bed and 400 for a four-bed. "That's
    bad news for landlords in areas where higher
    rents can be commanded," says property expert
    David Lawrenson of www.lettingfocus.com the
    author of Successful Property Letting.

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