Are pet friendly rentals in more demand than ever?

There used to be the old clichéd window advert or newspaper box that advertised a property to let with the line - no pets allowed. This is now banned under OFT regulations but pet friendly rentals are still often difficult to find. We are a nation of pet lovers and owners and given that demand for rentals is so high, with many people unable to get on the property ladder, is this still a realistic proposition? Figures state that 45% of the UK population are pet owners and 5.4 million people rent their home, according to figures from 2015. Therefore, it’s likely that about 2.5 million people are looking for pet friendly rentals and it is predicted this is likely to increase substantially within the next 10 years. So, what can property owners do to adapt to the increasing demand from pet-owning tenants? Check your freehold and lease terms -...
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Landlords and tenants in despair as Oliver Knights shuts shop

Landlords and tenants are in despair as a London letting agent, Oliver Knights, is thought to have closed down, owing thousands of pounds in unpaid rent and holding deposits. Landlord Action had been instructed only weeks ago to recover more than £10,000 for one landlord and £8,000 for another, but with signs the company has ceased trading, and more cases coming to light on a daily basis, the outcome is looking bleak. In 2010, Mr Tan Chun Keung, purchased a property in Canary Wharf as a steady stream of retirement income, appointing a letting agent to manage his property, which he maintained worked well. However, when the tenant moved out and the property was advertised as vacant, Mr Tan Chun Keung received a call from Oliver Knights claiming an international bank had offered to rent the apartment for their staff at market price for a period of three years. Although...
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Essential services landlords should provide

  There's more to being a landlord than just letting somebody live in a house or a flat in return for money. Landlords do have certain obligations to their tenants, both legally and morally, but unfortunately not all landlords meet these obligations all of the time. They can get away with it because often their tenants wont want to make a fuss. There are several reasons why this could be the case. The tenant may not realise that the landlord is breaking the law. Alternatively, the landlord may not technically be breaking the law, but is still failing to provide the level of service a tenant should expect. In both cases, a tenant might not complain for fear of a rent increase that they cant afford, or worse, eviction. Property management Many landlords choose to work with a property management company. Reputable managers like Hamilton King will provide a full service...
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Furnishing options in rented properties

  For many people, renting a property offers many advantages over owning a home. Rather than being fixed to one particular location and having to deal with the costly maintenance of a property, people who rent have the flexibility to pick and choose how and where they want to live. However, such a choice can have its downsides. The relative insecurity and eventual cost of renting can lead to many people joining the property ladder. And a big decision that people face when renting a property will be whether to go furnished or unfurnished. Unfurnished home For many people, renting an unfurnished property allows them to feel like the house is much more like a home. It allows them the greater opportunity to use furniture and furnishings in a way that reflects their own personality and tastes. And for many people who have been renting for a number of years, they...
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Calls for quicker evictions to help landlords and good reliable tenants

A swifter and more streamlined eviction process in the buy to let sector would encourage more landlords to enter the market and provide a greater choice of properties for reliable tenants looking for private rental accommodation, says Landlord Assist. The tenant eviction and rent recovery is backing calls for fast-track evictions amid speculations that the Government is planning to put measures in place to speed up the eviction process for private landlords following concerns that pressures on the courts are leading to lengthy delays. It is understood that landlords and some housing charities have been asked to attend a government working group to discuss proposals and possible options to speed up the eviction process for private landlords. For many landlords launching eviction proceedings against troublesome tenants can result in them going months without receiving any rent. Stories of possession claims taking between six and 12 months from start to finish...
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Landlords urged to find the right tenant despite buoyant market conditions

Tenant eviction and rent recovery service Landlord Assist is encouraging landlords to prioritise their efforts in 2014 on finding good, reliable tenants rather than go searching for high rents despite the unusual prospect of a buoyant sales and rental market taking place at the same time.
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THREE SIMPLE STEPS TO IMPROVE YOUR PROPERTY MANAGEMENT EFFICIENCY

Property management software is an extremely useful and sophisticated tool for keeping facility owners or investors award of the complicated day-to-day running of property management. After all, property holds significant value and those with vested interests in the facility will want to keep it operating at maximum efficiency.
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50 tips for renters

We found this on the Martin Lewis Money Saving Expert site and thought it was very useful for Landlords to read also.  Renting rights - you dont need your landlords permission to save money The number of people renting is rising, as are rents in this fiercely competitive market. Dont feel flat (sorry). Our new 50 Renting Tips helps, heres a starter: 1. Renters have a right to switch and save on energy (even prepaid). If you pay the gas & electricity bill directly (not via landlord), you can and should compare and switch. Dont stick with the previous tenants supplier as often its costly. Always do a meter reading as soon as you move in. Speedily find your cheapest tariff: The MSE Cheap Energy Club checks youre on the cheapest, and if not, compares across the market to find it (check the top picks tab for fixed deals which...
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Could Universal Credit Lead To Higher Rent Arrears?

  Could Universal Credit Lead To Higher Rent Arrears?   Landlords need to protect their interests as Universal Credit comes into force.   Patrick Butler pointed out in a recent Guardian article, Under the new system, tenants in receipt of housing benefit will have their money paid directly to them, rather than, as now, (with vulnerable tenants) direct to the landlord... Southwark council, which is one of six areas piloting the change, says that arrears have soared since it started testing direct payments.   Every savvy landlord knows that people who have difficulty managing money wont change just because Government wants them too.   Rising rates of rent arrears makes it even more important that landlords follow the rules under the Assured Shorthold Tenancy Scheme. If they take a deposit from tenants, it is a legal requirement to secure it in a special account until the end of the tenancy and, to be able...
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"Relief for thousands of landlords thanks to Court of Appeal Rule" says Landlord Action

The Court of Appeal’s decision that rent paid in advance does not count as a deposit in the long-running case of Johnson v Old, will bring much welcomed relief to hundreds of landlords, according to Landlord Action.
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Top Tip. How to vet your tenants

Finding a long-term responsible tenant who respects your property and pays promptly isn’t all about luck. There’s a science to it too. Thanks to upad for providing this great article. For 50% off your first listing click here.
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Rainy Day Savings are Essential for Maintenance

Property owners have to comply with a range of regulations to ensure they are operating within the law. Normally these are governed by legally binding documents, such as rental agreements with tenants, which set out rights of access to a property, what is included in the property contract – an inventory is normally provided – and responsibilities for key areas, such as repairs and renewals.
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Landlords should get web ratings, says consumer group

Tenants should have a rating website on which they can share their experiences of landlords, a consumer body has said.
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Just Do Property WORKSHOP – Achieve Success in 2011 With Yvonne Emery Property Investment Coach

Are you motivated by property investment but feel like you’re not achieving what you could be? Do you know about some of the strategies but not sure if they still work in this current climate?
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FREE eBook –“How to find a better tenant faster”

Whether you have just purchased a property to rent, have decided to let your current home or a tenant is leaving one of your letting properties, here is an excellent resource full of ideas, advice and “how-to” tips from a panel of expert landlords and property managers.
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