Buy-to-let investors have traditionally had two choices when it comes to finding tenants and managing properties – pay a letting agent a sizeable fee or do it themselves.
Lettings agents will typically offer a “let-only” service, where they will find, interview and vet tenants, do the paperwork and take the deposit and first month’s rent for a fee of around £600 plus VAT. Then there is a “full management”service, which can cost 10 per cent of the rent or more. Here, the agent will continue to collect rent and deal with the day-to-day running of the property.
An agent’s services can be essential for landlords who have properties far away or a large portfolio to manage. But for those seeking a more hands on approach, Railton-Meeks can offer a more bespoke option to the landlord, see our list of services in our management section.
Happy to discuss your personal requirements.
Landlords can’t just go round increasing their rents whenever they want to. They do, however, have a right to adjust the rent at certain intervals. The way in which they can go about increasing the rent will depend on whether the tenancy is fixed or periodic.
Continue reading “Can I put my rent up?”
This guidance has been prepared for landlords who wish to gain possession of a privately rented property let on an assured short hold tenancy.
You are likely to be letting on an assured short hold tenancy if:
- you are a private landlord
- the tenancy began on or after 28 February 1997
- the house or flat is let as separate accommodation and is the tenant’s main home
Continue reading “Need possession of your property? Here is a guide.”
Manchester Universities Students…
Railton-Meeks are now advertising their South Manchester students houses for the next academic year. It certainly gets earlier and earlier! Manchester Universities students are busy searching for their next property prior to the Christmas break. At this stage in the year, it is true that all the good properties get snapped up! It is true that the ‘Early bird catches the worm!’