How High Rental Yields Can Leave A Hole In Your Pocket

Is rental yield really that important? This is a question I've found myself asking time and time again lately as I talk to property investors and landlords with properties to rent or let out in Leicester. The conversation usually goes along the lines of an investor saying to me "the yield is too low, the numbers don't stack up. Up North, I can get double the yield!" I argue this isn't a great measure of investment potential. Let me explain; A straight buy to let in Leicester will get you anywhere between 3-6% gross at average sales value, depending on [...]

What do letting agents do when looking for tenants?

When you invest in property, it isn't always feasible to let your property and manage it yourself, especially when you live far away from your properties which is why finding a good letting agent is key to effectively managing and letting your properties. When Harry Albert Lettings & Estates are instructed to let a property, we look for tenants in a unique way by targeting them where they're not actively searching for properties. This means your property isn't competing with thousands of others on Rightmove and Zoopla or On The Market or other portals, including The House Shop and Gumtree, [...]

By |2019-09-16T01:28:55+01:0016th September, 2019|Leicester, Landlords, Letting Agency, Private Rented Sector|0 Comments

8 Reasons As To Why Use An Agent To Let Your Property

Letting a property is a daunting task. From initially finding tenants to collecting rent and organising property maintenance, there's a lot of work involved in being a landlord. Luckily, letting agents like Harry Albert Lettings & Estates exist to help take the load off, and relieve some of the pressure involved in letting a property. If you're a first-time landlord or a seasoned expert, here are 8 reasons why you should use an agent to let your property.   1. A letting agent can find you a tenant Lettings agents go through the process of advertising your property and finding [...]

By |2019-09-11T16:01:41+01:0011th September, 2019|Free Landlord advice, Landlords, Leicester, Letting Agency|0 Comments

Are You A HMO Landlord Without Knowing It?

Understanding the HMO laws in the UK can be a minefield, especially as the so-far four-year onslaught against the private rented sector continues and back in October 2018, landlords in Leicester were unsurprised to hear that even more HMO regulation was being thrown their way which resulted in many landlords finding themselves owning HMOs where they previously wouldn't have been. This article recaps those changes and offers a FREE HMO Factsheet to ensure you're doing at least the bare minimum to remain legally compliant but the factsheet is in no way exhaustive and further action should be taken to minimise [...]

Legal Compliance for Self-Managing Landlords: What YOU Need to Know

Being a self-managing landlord is scary, you're responsible for keeping on top of the 150+ pieces of legislation that apply to private rented housing that, should you fall foul of any of them, could see you on the receiving end of hefty fines and even a prison sentence. This article tells you what you need to know to be a legally compliant landlord in England (though references to local authorities will be with Leicester City Council in mind, each local authorities may have slightly different rules). These tips should enable you to put your best foot forward in the [...]

Definitive Guide To Avoiding Rent Arrears and Making Tenants Pay On Time

When rent isn't paid on time, for many landlords, it's time to panic and rightly so, more than half of the landlords operating within the UK suffer rent arrears each year, sometimes way into the tens of thousands of pounds; this is particularly the case where landlords own multiple properties and whilst many tenants believe their landlord can afford to miss out on one month's rent, the reality is, many landlords live hand to mouth and this is likely to become truer as the cost of being a landlord rises but there are ways to reduce costs, maximise return on [...]

By |2019-06-25T03:28:29+01:0025th June, 2019|Rent Arrears, Private Rented Sector|0 Comments

Buy-to-Let Trends to Look Out For in the Second Half of 2019

Without doubt 2019 has so far proved a year of change within the buy to let sector. At a time of Brexit uncertainty, political and economic uncertainty, what can landlords expect from the private rental sector in the second half of 2019? Andrew Turner, chief executive at specialist buy to let broker Commercial Trust Limited, looks at some of the trends set to continue. Setting the scene The first half of 2019 has brought wide-sweeping changes to the private rental market and it will inevitably take time for stakeholders to become accustomed to the new requirements. The Tenant Fees Act [...]

By |2019-06-25T03:18:11+01:0024th June, 2019|Private Rented Sector, House Prices, Landlords|0 Comments

7 Money Saving Tax Tips for Landlords

When you rent out a property, it's difficult to know where your money is going all of the time and you're forever keeping your eyes and ears open for money saving tips for landlords. Renting out property means you're liable to pay tax outside of any income allowances and the tax rules for renting property are quite complicated, made even more so by frequent tax changes and it isn't expected to get any easier for landlords to navigate the HMRC rules. It's often said that the taxman is lining up their sites with the private rented sector and in Leicester, landlords [...]

By |2019-06-06T15:58:39+01:0019th June, 2019|Tax|0 Comments

Landlord’s Guide to Rent Arrears and Eviction

It doesn’t take much imagination to imagine the consequences of non-payment of rent; not only does it impede your ability to pay your mortgage or other costs associated with being a landlord and when left to spiral out of control, it can have devastating effects on your investment, including repossession if there are debts associated with the property purchase and it may likely even result in homelessness; It could also have an adverse effect on your overall opinion of being a landlord. Therefore, it is imperative to deal swiftly with rent arrears and solve any problems preferably before they arise. In this guide, you’ll learn good [...]

How to Choose a Letting Agent

Renting your property for the first time? We've all been there. It's quite overwhelming with the amount of paperwork and other administrative tasks involved, the legal compliance and the penalties for non-compliance which you've probably heard about in the news, landlords being fined thousands for failing to comply with improvement orders, managing unlicensed HMOs, not protecting the deposit, etc. Fortunately, a good letting agent can mean your headaches are kept at bay; making the lettings process hassle-free and managing your property, keeping your tenants happy and encouraging long-term tenants are just some of the things you should demand from any [...]

By |2019-06-07T18:02:59+01:007th June, 2019|Letting Agency, Private Rented Sector|0 Comments