IMPORTANT NEWS: Local Housing Allowance (LHA) have risen with effect from April 2024

IMPORTANT NEWS: Local Housing Allowance (LHA) have risen with effect from April 2024

Local Housing Allowance (LHA) which determines the maximum financial support available for renters in the private rented sector hasbeen increased after a full review by the Chancellor of LHA rates*.What does this mean to landlords?This is good news if you rent your properties to a local authority or totenant who are in receipt of either…

What’s in it for me? Why become a landlord?

What’s in it for me? Why become a landlord?

On paper it seems like a no-brainer. Get a property, rent it out, earn an income, job done. Sounds so simple, doesn’t it? But becoming a landlord is something that requires thought and evaluation and should be given careful consideration before you start collating your rental portfolio. Is there a market for rental properties? Let’s…

What are average rental yields on HMO properties?

What are average rental yields on HMO properties?

We are often asked the above question as it can be the main motivation for investing in a House in Multiple Occupations (HMO). Because of this, we’ve outlined some explanations, considerations and information on rental yields and their role in the current HMO (UK) rental market.* What are rental yields, and why they are important…

The Spring Budget – what does this mean to the property world?

The Spring Budget – what does this mean to the property world?

Jeremy Hunt’s Spring Budget 2024 was anticipated by many, but perhaps none more so than those property developers and landlords amongst us who were eager to see what was contained in his red briefcase and what, if any, would be the implications of his proposals. Is it all doom and gloom? We have reviewed Hunt’s…

HMOs – Q&A – What are the most common mistakes of HMO conversion and how to avoid them!

HMOs – Q&A – What are the most common mistakes of HMO conversion and how to avoid them!

With over twenty years’ experience of property management, property conversions and HMOs, our MD Douglas Fokuo answers some of the most frequently asked questions about HMOs and outlines some of the most common mistakes people make when converting a property into a HMO, and also how to avoid them! Q. Why do people consider HMOs…

7 things to consider if you are thinking of becoming a landlord in 2023

7 things to consider if you are thinking of becoming a landlord in 2023

Rises in interest rates, changes in taxes and hikes in the cost of living. We have all read about these in the news recently and if we believe what we hear it seems that we are facing turbulent times, especially if you are considering becoming a landlord in 2023. Here at Reka, we are acutely…

What does a HMO Conversion look like in practice? Our case study shows how it’s done.

What does a HMO Conversion look like in practice? Our case study shows how it’s done.

Read how we helped a client convert a property into a profitable HMO. Read it here. Next Steps If you are looking for your next property investment, we may be able to help. Contact us below for more information: 020 3286 6468 admin@RekaProperty.co.uk This information is of a general nature and does not constitute legal…