REKA Property Management ltd

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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/

Benefits of Giving Your Property to Help with Social Housing

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 want to help ease the housing crisis in London. It’s our vision to provide ingenious, innovative housing solutions, while helping our clients.  That’s why we’re an authorised supplier of properties to local authorities in London, as well as members of the London Landlord Accreditation Scheme and members of the Property Redress Scheme. Our goal is to provide homes to local authorities within the London boroughs to help families in need. Introducing the Reka Property Home Finder Scheme The REKA Property Home Finder Scheme is a program that helps landlords to immediately let out their properties […]

Why Female Entrepreneurs Invest in Property

Up until recently, the number of female entrepreneurs was low. However, research conducted by HSBC in 2016, indicates that 59% of entrepreneurs under 35 years of age are female.  What’s more, the number of UK female entrepreneurs investing in buy-to-let properties has increased. This is evident from research done by RW Invest that revealed an increase of 140% of females searched properties in 2018. So, why the increase? Women are more financially independent than in the past. And they are focused on achieving financial goals.  Although the number of women in business is increasing, there is still a pay inequality gap. This means women are seeking ways to boost their income and are using investing to do this.  Out of all the various types of investments, buy-to-let properties are seen by women as low-risk, compared to shares, bonds or cryptocurrency. Real estate and especially, buy-to-let properties can provide a solid […]

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/