Spring Makeover

Welcome to Home Relief Bulletin Board!

Post No. 242

by Your Freelance e-Property Letting Agency

How to maximise the chances of securing tenants this Spring

Giving Your Home Spring Makeover!

This week, we will be working with landlords/ladies on what they can do in order to make their property appealing, and attract and interest renters.  In particular, we are going to focus on Spring Makeover.

What landlords/ladies can do to attract and interest renters this Spring

There are ways in which landlords/ladies can act to maximise the chances and interests of getting the right tenants this Spring.  These ways could include the following:

√ Make outdoors appealing

√ Improve outdoor space

√ Clean up the outside garden space

√ Have a Spring clean

√ Remove dust

√ Disinfect your property from any COVID-19 strains

√ Arrange possessions and furniture

√ Choose colours that maximise the amount of light for your property makeover

√ Wash down dirty and greasy walls

√ Smooth out holes and cracks

√ Touch up walls with your chosen colours

√ Maximise and improve the appearance of your property

Etc.

Need help to attract renters this Spring

If you are a landlord/lady and wants to attract renters this Spring, why not work with Home Relief?

Need us to inspect your property and advise you on ways of bringing more interests in your property, please work with Home Relief.

Looking for an affordable location and home

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, please 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

Lettings during Easter Period

Welcome to Home Relief Bulletin Board!

Post No. 241

by Your Freelance e-Property Letting Agency

 

How to Instruct Home Relief during this Easter Period

This week, we will be working with landlords/ladies who are contemplating to let their properties during this Easter period.  But, before pointing out the kind of work we will be doing with them, let us briefly highlight the property market during the Easter time.

Easter property market

Not every landlord/lady takes Easter break from lettings.  Just as there are renters who are looking for accommodation during Easter period.  For both landlords/ladies willing to let their properties and renters searching for properties to rent, the Easter property market is still busy.  And Home Relief is ready to offer its letting and rental services to both respectively. 

This offer will consider the current phase of living with COVID-19 and the cost of living.  Under this offer, we will be exploring with landlords’/ladies’ property letting needs, requirements and expectations under the current phase of living with COVID-19 while taking into account the cost of living for renters.  

What our work with landlords/ladies will cover

Our work with them will cover the following:

√ COVID-19 measures in the phase of living with COVID-19

√ Lettings plan and process during Easter time

√ Property maintenance during Easter period

√ Hybrid viewings (i.e. virtual or online viewings and in-person viewings)

√ Online rental payments and cover

√ Update on available resources and guidance about the letting industry during Easter period

Etc.

How helpful this week’s working activity will be  

One could hope that the week’s working activity will help …

√ To protect landlords/ladies from misinformation or lack of appropriate information regarding private residential property letting and management in the phase of living with COVID-19 

√ To boost landlords/ladies confidence for lettings and for instructing us while improving their understanding of the Easter property lettings market

√ To safeguard landlords/ladies’ interests and investment while saving money 

√ To avoid trouble tenancies and misunderstanding throughout this time of living with COVID-19 and the cost of living crisis

√ To reduce exposition to the risk linked to the cost of living crisis and associated risks of the moment

√ Above all, to bring peace of mind and security when giving instructions to let their property during this Easter period.

Need your letting instructions to be proceeded

If you are a landlord/lady and want to give instructions to let but do not know what to do during this Easter time, why not work with Home Relief?

Need us to proceed with your lettings during this phase of living with COVID-19 and the cost of living crisis, please work with Home Relief.

Looking for an affordable location and home

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, please 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

Lowering the Upfront Costs for Tenants

Welcome to Home Relief Bulletin Board!

Post No. 240

by Your Freelance e-Property Letting Agency

How to avoid having a property that is untenanted for a period of time

This week, we will be working with landlords/ladies on the costs that their prospective tenants may have to bear before they can move in.

Costs to be borne prior to the right to a tenancy

Generally, incoming tenants are asked to cover a certain number of costs before having the right to a tenancy. These costs could include a refundable security deposit (which is normally capped at 5 weeks’ rent or 6 weeks if the total annual rent is £50,000 plus) and/or a refundable holding deposit (which is normally capped at 1 week’s rent).

Manageable upfront costs for tenants

At this challenging time of the cost of living crisis, most people (including landlords/ladies and tenants) are experiencing some difficulties with rising prices and bills. Because of the current level of inflation, it is in the interest of both sides (landlords/ladies and tenants) of the rental agreement to work out a level of upfront costs that could be manageable by tenants.

What are those upfront costs we are talking about?

There are many types of costs depending on the cost structure that each letting agent or landlord/lady has set up. In the context of this week’s work with landlords/ladies, we can single out the refundable security deposit and refundable holding deposit.

Landlords/ladies may have their own good reason to set up a level of these deposits to suit their own investment or outgoing obligations on the property. However, they may need to include what the market is telling them about tenants’ long term financial stability as well.

Why it is important to consider market information and lower upfront costs

Lowering the upfront costs for your incoming tenants will help as follows:

Δ Avoid loss of rental income in the long term

Δ Encourage renters to move and increase the demand of properties to let

Δ Boost the expansion of property portfolios

Δ Prevent void properties

Etc.

Whether or not landlords/ladies would like to require a rental bond (or security deposit) and a rent in advance before their new tenants move in, it is always of good idea to check that this requirement does not end up to becoming a cost or handicap in itself.

Want to know more about upfront costs

Those landlords/ladies who would like to dip into the issue of upfront costs for their incoming tenants, they are free to contact Home Relief. 

Need  help and support about upfront costs, contact Home Relief NOW!

Looking for an affordable location and home

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, please 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

 

A Good Rental Yield

Welcome to Home Relief Bulletin Board!

Post No. 239

by Your Freelance e-Property Letting Agency

How to Get a Fairly Good Rent for your Property

 

This week we are working with landlords/ladies and home owners to determine ways of setting up good rent levels regardless of seasons (including in difficult times like of cost of living crisis as it is now).

A good rental yield

If you would like to invest in properties for rental purpose, you will need to find out what is called “rental yield”. The latter is defined in the property jargon as the value of rent you can expect to receive from your property in a year. In other words, a rental yield is the return made on a property investment in terms of monthly rent charged compared to the value or price of the property paid. Generally, it is considered that a rental yield between 5 and 8 per cent is relatively good for a buy-to-let investment.

Getting expert advice about your asking rent

Before issuing a tenancy (for example, an assured short hold tenancy agreement), it is advisable to seek expert advice about the levels of rent that your property can generate.  It is important to seek this kind of advice so that you do not charge more or less than what your property really deserves. 

There are benefits in seeking expert advice on the rent level.  One of these benefits is that it helps to avoid any potential conflicts (such as unpaid rents or rent arrears) with tenants over the level of rent you are charging in the course of the tenancy period.  

Where to get rent advice

Rent advice can be obtained from various sources or experts on the rental market.  It can be given by a local rent officer, a letting agency, a rent valuation office, etc.  You can even get it online through various websites having properties rent valuation features or online rent calculator.  Some of these rent services are free of charge without obligations.

Online rental yield calculator

A rent calculator is a rental valuation tool created by a team of data scientists and that enables to find out, in advanced way, how much rent to charge for any house or flat in the UK. Through the online rent calculator, you can enter a property postcode and the calculator will instantly give you the rental value of the property or the average rent by postcode. You can do it to work out the process of determining rental yield as well.

Working with Home Relief to set up a rent policy

This week, what we are undertaking with landlords/ladies is not only fixing a rent for a particular property.  It is also trying to develop a rent policy and structure for our clients so that their properties could command a rent level that is fairly good or decent irrespective of seasons (i.e. Winter, Spring, Summer, Autumn, busy, not busy, EU exit, the coronavirus shock, cost of living crisis, etc.).  Why?

Reasons for setting up a rent policy or structure

There are various reasons that contribute to a good rent policy or structure.  There could be changes in the rental market and the economy with ups and downs.  Likewise, your property may not be the same when you last refurbished it. 

In the above circumstances, what can you do for your property to command decent rents regardless of seasons, regardless of lows and highs in the rental sector?  Landlords/ladies need to bear in mind that each property is a particular case that needs to be treated on its own.  There should not be one size fits all rent policy.

What is a good rent in time like of the cost of living crisis?

In time of the cost of living crisis, it is recommendable to check all the facts and get data right and clear before making any decision over the rent.  There will always be conflicting stories and messages (including fake news) about the performance of the property market and the way in which the rental market is reacting over this challenging time. 

Any decision made over rent has to be based on verifiable statistics rather than commentaries and speculations made by the mass media.  For example, there have been various figures and different interpretations of the current and coming rises in the energy price caps.   

To get the right decision, each property case has to be treated individually with all the determinant market factors and conditions.  This should be done while considering the short, medium and long term changes. 

Working with Home Relief to determine your rental value

If you are a landlord/lady and or home owner and would like your property generates a level of rental income that is respectable or very good but you do not know where to start and how to go about it, Home Relief can work with you to determine the better rental value for your property.      

To get advice for the better rent level for your property to let, please contact Home Relief NOW.

To know whether this week’s session on A Good Rental Yield can or cannot work for you as a landlord/lady, contact Home Relief NOW!

Looking for an affordable location and home

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, please 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