Re-aligning with Rental Income Growth

Welcome to Home Relief Bulletin Board

Post No. 195

by Your Freelance e-Property Letting Agency

How to reconnect with your pre-COVID-19 rental income increase

This week, we will be working with landlords/ladies who would like to find way of re-establishing the pre-COVID-19 rental income growth which they lost.

Indeed, there is a mixed picture/perception from many landlords/ladies regarding the impacts of COVID-19 and its associated containment measures on the rental income growth.  For some landlords/ladies, COVID-19 is neutral to the rental income growth when analysing rental income flows on a monthly basis since the coronavirus pandemic started in 2019.  For others, COVID-19 has adversely impacted this growth.  For other more, it has beneficial effects on this growth.  

For those who have some data-based evidence about the adverse effects to their properties, they may want to reconnect or re-align with their pre-COVID-19 rental income growth rate.  For those ones, we will be working with them so that they can navigate their way to bring in line the increase in their rental stream which they lost.  They may want to recover the level or growth rate of rental income they were receiving before the coronavirus pandemic started, or they would like to just stop the rental income decrease to happen.

To return to their rental income stream, they may need to take some bold steps since the coronavirus crisis has changed the way in which the rental property market operates and behaves.  This is why we will be working on a case-by-case basis to discuss together the kinds of steps they need to take to re-align with their pre-COVID-19 rental income growth.  In other words, there will not be a one-size-fits-all approach.

Need to re-align with your pre-COVID-19 rental income growth, why not work with Home Relief.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout the year.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

Home Staging in the Age of COVID-19

Welcome to Home Relief Bulletin Board

Post No. 194

by Your Freelance e-Property Letting Agency

How to improve your property’s appeal to prospective tenants

This week, we will be working with landlords/ladies on aspects of private residential property dressing and preparation for lettings in the marketplace.  We will be doing it while taking into the coronavirus as a new dimension.

COVID-19 as a new factor in home staging

The coronavirus pandemic has changed the way in which we live and prepare homes for lettings purpose.  From now on, property fittings and furniture need to be done in a way that takes into account protection against COVID-19.   As a result, there could be some adjustments that landlords/ladies may need to do with regard to the dressing and preparation of their properties for lettings and management purposes. 

Some landlords/ladies may find easier to include these changes in their home staging.  Others may be wondering where to start.  For those landlords/ladies who will be willing to learn something about home staging, we will be working with them on this matter.

Working with landlords/ladies on home staging matter

Our work with landlords/ladies on home staging will include the general aspects or principles relating to home staging.  In our work with them, we shall consider the following:

√ home staging ideas, tips and hints

√ home staging theories, techniques and practices

√ how to make your home/property appeal to the highest number of prospective tenants

√ what makes a home attractive from the lettings and management point of view

√ painting and decorating aspects in the context of home staging

Etc.

Additionally, our work will consider specific areas of property preparation that have been the direct or indirect consequences of the conoravirus outbreak and containment measures.   It is about dressing and preparing a property to fit the level of ambition for landlords’/ladies’ rent expectations under the constraint of the coronavirus pandemic.  For instance, we shall look at what makes a property attractive in the context of protection against the coronavirus.

We shall as well share the array of sources in both print and online formats relating to the home staging matter.

By taking into account both the pre-COVID-19 and COVID-19 related principles in the dressing and preparation of properties, this will not only attract renters and or potential tenants; but it will also help landlords/ladies to have peace of mind and protect the return on their investment. 

Need to know more about the dressing and preparation of your property prior to lettings and management in the Age of COVID-19, please work with Home Relief.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout the year.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

Co-living Homes

Welcome to Home Relief Bulletin Board

Post No. 193

by Your Freelance e-Property Letting Agency

coliving

 

How to minimise the detrimental impacts of COVID-19 lockdown restrictions on co-housing setup

This week, we will be working with those renters who have been forced to take the co-living path/option in the property market.  We are as well going to work with private landlords/ladies who provide or may want to provide co-living accommodation.  There are reasons why the two sides of co-living agreement may want this sort of arrangement.

Why do renters co-live and landlords/ladies provide co-living properties?

Not everybody can afford to rent outright the full house or flat by themselves.  Those living on low income may be forced to share with others.  They could as well have serious other reasons pushing them to go co-living.  Amongst the co-living renters, there are young people, students, families, older generation, etc.

Landlords/ladies may too have their own motive that leads them to provide this sort of accommodation.  It is could more convenient or cost-effective for them to invest in this sort of co-living properties than to letting and managing other types of properties. 

Whatever the reason both landlords/ladies and renters may have , they need to understand this rental model before embracing it.

What is a co-living home?

Within the property jargon or literature, co-living home is on average defined as a residential home living model that accommodates two or more biologically unrelated people or individuals.  It is part of sharing economy and can have some benefits such as access to locations (or areas) and properties that a co-living renter may otherwise could not afford.  However, like any other products or services in the housing market, the co-living rental model has not been exempted from the damaging effects of the coronavirus pandemic.

COVID-19 as a challenge to co-living setup

Since the coronavirus broke out and subsequent restrictions were put in place, this model of living together has been challenged.  This challenge has been felt by both landlords/ladies and renters.  

For landlords/ladies providing this sort of accommodation, they have to put in place a number of health and safety facilities beside the usual requirements relating to houses in multiple occupation. 

For co-living renters, they have to follow additional health and safety measures to live in this sort of accommodation. 

These extra health and safety requirements mean for both landlords/ladies and renters that they need to overcome this new challenge if they opt for co-living setup for letting and renting purposes respectively.

Navigating way out the COVID-19 challenge

This week, we are going to work with both landlords/ladies and renters to find out ways of minimising the impacts from the coronavirus challenge and its side effects on co-living homes. 

After working together with them, one can hope that each party will be able to navigate their own way out this challenge to the co-living rental setup as the easing of the pandemic-related restrictions and the resumption of mobility continue to make pace. 

Those landlords/ladies and renters who would be interested in this week’s topic of co-living homes, they are free to contact Home Relief.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout the year.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

     

    propap

 

Compliance in Rental Homes

Welcome to Home Relief Bulletin Board

Post No. 192

by Your Freelance e-Property Letting Agency

How to manage compliance issues

This week’s planned work with landlords/ladies will be on property compliance issues, on landlords’/ladies’ obedience in terms of the overall condition of the property and its contents. This week’s work builds on the Safe Rental Homes which we dealt with last week.

There are standards and regulatory obligations as far as rental properties are concerned. Most professional landlords/ladies would make sure that their rental properties comply with these legislation and regulatory standards.

However, since the coronavirus broke out, there have been two phenomena. On one hand, many rental properties have been made COVID-19 compliant. On the other, there are still properties on the market that are failing the compliance test for the pre-coronavirus compliance area.

At this current level of market knowledge and information, it is difficult to assert that this lack of compliance has been the result of the pressure that the coronavirus has put on the rental sector and landlords/ladies in particular. Whether or not the coronavirus has brought enormous pressure to everything and body, this should not be an excuse for not to comply with rental legislation and regulatory standards.

As part of the process of supporting landlords/ladies, but not to punish them, Home Relief will be working with those of them who are experiencing some difficulties in this area of compliance. Our work with them will cover such areas as

. Safe rental properties

. Habitable condition (to check for potential compliance issues and hazards such as damp, smoke alarms, poor living conditions, etc.)

. Sector regulation on compliance issues

. Serious versus minor compliance issues

. Property inspections and reports

. Evidence about the overall condition of the property and its contents

. Permitted or legal tenants

. Visiting in person versus virtual property visits

. Records of inspections and reports

. A comprehensive inventory

etc.

Additionally, we shall share with landlords/ladies the mosaic of both print and online resources on the matter of compliance.

One can hope that at the end of this week’s process, landlords/ladies will know where they stand on the compliance matter.

Those landlords/ladies who would be interested in this week’s topic of compliance, they are free to contact Home Relief.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout the year.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

Safe Rental Homes

Welcome to Home Relief Bulletin Board

Post No. 191

by Your Freelance e-Property Letting Agency

How to make your private rental homes safe

This week, we are going to work with landlords/ladies on their contractual obligations to keep their rental properties safe.

It is known that the coronavirus and its ramifications have not made things easy for everybody including landlords/ladies. However, this is not an excuse to have unsafe properties or not carry out life-saving repairs. This is not about blaming anybody. It is just about responding to some demands from renters for safe conditions of living.

Our response is about working with private landlords/ladies who are interested and experiencing safety issues with their rental properties so that these issues can be fixed. In fact, most landlords/ladies and/or their letting agents would be aware of the Health and Safety Standards for Rented Homes (HHSRS) and the Homes (Fitness for Human Habitation) Act 2008.

The Act states that landlords/ladies should keep their properties safe, healthy and free from things that could cause serious harm. However, being aware of something is not the same as taking action to deal with problems if there are any safety issues that arise.

So, as part of work with landlords/ladies, we shall discuss together the following areas of safety or concern by tenants at this challenging time of the coronavitus pandemic:

– Hazards in a rental property that can affect renters’ health and well-being

– Property improvements and repairs

– Consequences of failing to fix unsafe properties

– Remedial actions to be taken

– Consequences of avoiding fixing the safety problem

– Fine related to unsafe rental properties

Etc.

During our work with landlords/ladies, they will as well have the opportunity to revisit or regain access to both print and online resources relating to safe rental properties. Support will be given in terms of the understanding of these materials and implications for safe rental properties.

Those landlords/ladies would like to dip into the issue of safe rental homes, they are free to contact Home Relief.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

For more information about our property service to home sellers and landlords/ladies, please go to https://homerelief.co/landlord

For properties to rent and let, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you throughout the year.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes