REKA Property Management ltd

Property management London

Hmo property

How to Attract Tenants… Even During Quiet Times The private rental sector has regained momentum after the initial decline following the first coronavirus wave. The impact of the coronavirus saw a fall of approximately 50% in the demand for rentals.  The good news is that the fall in demand has rebounded, and the increase in demand is consistent across the market.  What’s more, the annual rental growth is expected to grow more than last year. With a potential second wave of coronavirus, it is important that you focus on attracting your ideal prospective renters, in case there is a decline in rental demand. This article looks at some ways you can attract tenants to rent your home, and hopefully, keep them long-term. Step 1: Get your property “rent-ready” Before you start to list your property, make sure it is ready for potential renters. This means making sure it is safe, […]

https://rekaproperty.co.uk/1661-2/

How To Convert Your Property into a HMO

A house in multiple occupation, better known as HMO, is a property that is rented to three or more tenants, who aren’t part of the same household, that share amenities.  The good news, HMO’s provide more people with affordable accommodation, while generating a rental income increase of four to five times your current return – compared to a single tenanted property. If you are considering converting your current property into an HMO, here’s what how to do it. Step 1: Location, location, location Before you consider converting your property to an HMO, check that it is in the right location. For example, a busy student area or close to good transport connections. Step 2: HMO Licensing A critical legal aspect of letting an HMO is getting the relevant licence. If you’re letting an HMO, it’s highly likely you’ll need some sort of licence to ensure that the property: is safe for […]

If you rent a property, but you’re not sure if you need an HMO licence, then read on. Importantly, failure to apply for a licence can lead to a fine. It is a criminal offence to let a property that is required to be licensed without applying for an HMO licence.  Essentially, the HMO licence is needed to ensure that the property: is safe for tenants to live in is in good condition has an adequate number of smoke detectors has appropriate fire exits has enough sinks, cookers, baths and toilets for the number of tenants is well managed HMO Licensing Requirements  Each council or borough may have different requirements for HMO property licensing; however, in general these will include the following: The HMO being reasonably suitable for occupation by the number of people expected Providing a fixed and affordable heating system to all lets  Providing the minimum number of bathrooms, […]

https://rekaproperty.co.uk/whats-involved-with-hmo-licensing/

What is Bespoke about our Property Management Services?

As property investors ourselves, we understand the importance of property management as well as potential challenges. We started this business to combine our love of property, local knowledge and bespoke service to provide our clients with solid rental returns and peace of mind.That’s why our promise to you is that we look your property the way we look after our own.After all, we know what it feels like when your property is vacant, or when you let out the property to unruly tenants. We are aware of the maintenance issues, the risk management, the regulation changes and the increase in costs and expenses you face.That’s why we provide our clients with bespoke property management services to ensure we take care of your property to provide you with maximum rental return. Our Bespoke Property Management ServicesBecause we are as passionate about property as you, our bespoke service is designed to maximise […]