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No inventory, no claim. That's about the long and the short of it if you end up in dispute with your tenant and want to make a deduction from their security deposit.
Much more than just a list of items, an inventory is your only legal safeguard in claiming for damages. The law favours evidence, and an inventory is the winning proof.
Nonetheless, we meet too many landlords with either no inventory at all (or one that's far too vague), so we've created an essential guide to getting them right, including:
- Why inventories are so important.
- A watertight inventory blueprint.
- Using photos and videos for the ultimate proof.
- Reviewing inventories with mid-tenancy check-ups.
- Happy tenancy endings.
There's plenty to unpack, so let's explore what makes inventories so essential, and how to prepare one that's sufficiently strong to cover all bases and protect your investment.
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Using an agent to manage your rental property should leave you full of confidence and free of stress, with reliable long-term tenants, full legal compliance, and efficient maintenance and repairs.
Unfortunately, that's not every landlord's experience, and not all agents live up to their hype. A poor one can cause a string of headaches but knowing whether or when to switch isn't always clear.
With that in mind, we’ve put together these five clear signs (all with specific examples) that it might be time to move on from your managing agent:
- Poor communication.
- High tenant turnover and vacancy rates
- Disorganised maintenance and repairs.
- Lack of legal compliance.
- Unclear or unexpected fees.
There really is no need to accept anything less than excellence from your managing agent, whatever the size of your property or portfolio. Let's explore whether it's time for a change.
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As The Renters' Rights Bill sets out to reshape the private rental sector, sweeping changes are on the horizon for landlords and tenants.
The government is pushing to pass the Bill by summer 2025, so if you’re a current or budding landlord, it's essential to understand how the new rules will impact your business, so you can plan ahead.
At 226 pages, the white paper is a complex read, so we've distilled the new bill and broken it down into five key areas:
- Changes to tenancy terms and regaining possession
- Limits on rent increases and bidding wars
- New housing standards and safety laws
- Strengthened tenant rights and protections
- Revised rules and fines for landlords
The new government is serious about introducing rental reform “without dither and delay,” in the words of Deputy PM Angela Rayner, so now’s the time to see what the Renters’ Rights Bill means for you.
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Landlord dream team: who do you need by your side for an easy landlord life?
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.
Listen to any Ted talk or podcast with a high-profile business leader, and they all say the same thing: doing everything yourself is the path to stress, rather than success.
So, what does that look like for landlords? Well, there are five key areas where help is at hand:
- Competent management of your property
- Borrowing and long-term financial strategy
- Tax efficiency & inheritance planning
- Safety, maintenance and repairs
- Support, connection and inspiration
How would it feel to have all that sorted? Whether you're sold on the idea or still on the fence, let's look at the experts who devote themselves to giving you an easy landlord life.
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What do Tenants Want? Five Insider Tips to Maximise Your Rental Home’s Appeal and Profit
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.
So, what can you do to keep your property in demand for years while also protecting your profits? Well, a good start is to explore what tenants want around primary considerations like:
- Reliability and practicality
- Feeling safe and secure
- Having space for stuff
- Eco-friendly features
- Finding a home with heart
If you're open to long-term capital growth, minimal changeovers, maximum rental income and an enjoyable landlord life, these five insider tips will help you cement your property’s prosperity.
Why sell or let with us?
Here are some of the reasons why you should choose Homelets to sell or let your property:
- Dedicated Local Experts
- 24/7 Contact
- No Commission
- No Sale No Fee
- Accompanied Viewings
- No Let No Fee
Submit a valuation opposite or call us on 0151 280 4047.
