There has been media speculation recently about whether Rent2Rent is a feasible investment option. We’ve collated information to bring you the pro’s and con’s of Rent2Rent so you can decide. What is Rent2Rent? Rent-2-Rent is when a property is let on a single let basis to one person (say the head-tenant) who has been given…
In addition, the NHS is running a recruiting campaign to encourage more overseas nurses to come to the UK to help during this COVID pandemic. This means there are thousands of key workers that may need somewhere to rent. At Reka Property Management, we offer discounts to key workers. This includes reduced rent, discounted property…
Whether you have one property or eight, knowing the real value of property management is essential to help you be effective, organised, and profitable. Here we outline the real value of property management. What is Property Management? Property management is the operation, control, and maintenance of investment properties. In other words, it’s about taking care…
If your current property is in a good location, for example, a busy student area or close to good transport connections, then you may want to consider converting it into an HMO. The good news, HMO’s provide more people with affordable accommodation, while generating a rental income increase of four to five times your current…
Now that Brexit is official, as a landlord you may be wondering what it means for your existing EU tenants and what is your additional responsibility. This blog summarises the details of the UK Government EU Settlement Scheme. For full details, refer to https://www.gov.uk/settled-status-eu-citizens-families. What is the EU Settlement Scheme? The EU Settlement Scheme allows EU,…
Question 1: How much do you want your letting agent to do? Finding tenants only service: These agents will help you find tenants for your property. They will market the property, show prospective tenants through, check references and write tenancy agreements. They may collect the first month’s rent and deposit. Finding tenants and rent collection service: These…
The private rental sector has had several recent challenges and although the rental market is regaining momentum, landlords may be left wondering if property is a good investment. This article gives new (and existing) landlords tips to becoming a profitable long-term landlord. But first, we explore why being a landlord is more challenging now, than…
But you may not know exactly what is involved in managing an HMO on your own. This article gives you tips on what you need to know about managing an HMO. Tip 1: HMO Licensing A critical legal aspect of letting an HMO is getting the relevant licence. If you’re letting an HMO, it’s highly…
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…
If you have a property, then you probably know that long-term renting is a reality for many Londoners due to the high cost of home ownership. But if you’ve struggled to find quality tenants or reduce your rental vacancies, then maybe letting your property to help social housing is a solution. As landlords ourselves, we…