Tag: #altrincham
Last-Minute Gift Ideas if You’re Having a Present Panic in Manchester
Here are three alternative gift ideas if you still need to pick up Christmas presents but can't face the heaving masses on the high street. With just a few days before Christmas, time is running out to get your gifts. But you don't have to do a frantic dash around the shops listening to Mariah Carey on repeat to get what you need. Here are three ways to sort last-minute gifts from the cosy comfort of your own home. Give someone an IOU Sometimes the best present you can give a loved one is time (it sounds cheesy, but it's true). So, why not pledge to take elderly relative to the seaside when the weather improves? Or offer to babysit for a friend with young children who needs a night off. You can download IOU templates from the internet and fill them in yourself or make your own if you're creative. Plan a gig or concert Do some online research to discover what events are coming up in your area in the new year. Buy your friend or relative tickets to a concert or show you know they'll enjoy. You can also look at the What's On section on the platform Eventbrite. You'll find an array of activities listed (many of them free or low cost), ranging from historical walks to craft sessions and beekeeping. Who knows, you and your loved one may discover a new hobby or passion. Customised gift You've probably taken hundreds if not thousands, of photos on your phone this year. Why not put the best ones to good use by creating a customised gift for someone special? Many companies offer a service where you can upload a selection of your favourite snaps, and they'll reproduce them in a format of your choice (poster, calendar, album or canvas print). However, you'll have to get in quick with this option as the turnaround can take a couple of days. Make sure you opt for the fast-track service when you place your order. From all of us here, we wish you a happy and healthy Christmas and New Year. If someone you know would find these tips helpful, please share this article with them. ENDS
Selling Your Rental: What Manchester Landlords Must Know
The last few years have been challenging for some landlords. But don’t rush into a decision about the future of your buy-to-let until you’ve read this. Reasons to sell your rental property It’s fair to say that developments in recent years have made things more complicated for some landlords. The restriction on mortgage interest tax relief (or Section 24 as it is often known) has raised many landlords’ tax bills. And many local authorities have introduced selective licensing and additional HMO licensing regimes. Furthermore, the new government is currently working on the Renters’ Rights Bill, which could become law in [...]
£1.6 Billion Wasted on Subscriptions Every Year – How Manchester residents Can Save
Here are three tips to help you save on unwanted subscriptions and put more money in your pocket. Regular subscriptions to products and services can be useful. But they can also be a waste of money – especially if you never use them. According to official figures, we spend £1.6 billion on unwanted subscriptions every year. However, nearly 10 million out of 155 million active subscriptions in the UK are actually unwanted.* Take ten minutes every month – save hundreds every year Know what you’re paying out in subscriptions: Take a little time once a month [...]
How to Get ‘Rent Ready’ before You Start Your Manchester Property Search
Stand out in Manchester’s competitive rental market by being ‘rent ready’ with all documentation and deposits prepared for a smooth move-in process.
How to Enjoy Christmas in Manchester Without Spending a Fortune
Don’t blow your budget by buying Christmas presents for all and sundry this year. Follow these tips to simplify your gift-giving. Christmas is supposed to be a time of comfort and joy, but many people face the festive season feeling a different emotion: anxiety. About 44% of people worry about the cost of Christmas, rising to 58% among renters aged 18 to 35*. A big part of this financial anxiety comes from the pressure to buy gifts for friends and extended family. Not wishing to look like Scrooge, many people run themselves ragged, buying lots of presents that they can’t [...]
A Very Merry Christmas Checklist for Manchester Landlords
Want to enjoy a safe and stress-free Christmas without an emergency call from your tenants? Then, run through this helpful checklist. Christmas is just a few weeks away, but don't put your feet up yet if you're a landlord. While emergencies are rare at a rental property, they can crop up occasionally – even on Christmas Day. A pipe could burst, the back fence could blow over, or some other unfortunate mishap that requires your urgent attention. But there are ways you can minimise the chances of getting a call from your tenant while you're tucking into your turkey [...]
Why It Pays to Support Manchester Small Businesses
STARTS: Small Business Saturday 2024 is happening in Manchester and across the UK this weekend. It’s the perfect time to celebrate and support the heart of our communities: independent businesses. As a local estate agency, we’re committed to playing our part in creating community spirit, and Small Business Saturday offers a great chance for all of us to do just that. Here are four ways you can do your bit to make it a success: Explore Local Shops: Pop into a shop or business you’ve never tried before. Remember every local purchase strengthens our community. Spread the Word: Post [...]
Three Tips You Should Follow before You Start a DIY Project in Manchester
If you’re on a budget, DIY is a great way to improve your home without spending a fortune on tradespeople. But it’s not always as easy as home makeover teams make it look. Many well-intentioned homeowners start projects only to discover they’ve bitten off more than they can chew. They end up spending a lot more time and money on the job than they intended. DIY fails can have more severe implications, too. Some overzealous homeowners cause serious property damage and have to call in an expert to rectify their handiwork. So, to enjoy the benefits of DIY without the [...]
Calling Manchester Landlords – It’s Nearly Time to File Your Tax Return
If you’re a landlord, the deadline for filing your 2023-2024 income tax return is fast approaching. Here are some important things you need to know. When to file your tax return Self-employed landlords need to file their tax return (and pay any tax owed) each year using the self assessment system. For the 2023-2024 financial year, this must be done by 31 January 2025 (unless HMRC has notified you otherwise). If you don’t, you will receive an automatic £100 penalty. This will increase the longer you delay. This doesn’t apply if you own your property [...]
Sharpen Your Focus and Be More Productive: Tips for Homeworkers in Manchester
Working from home (WFH) is the norm for many Brits – 26% do it at least some of the time*. But it’s easy to fall into a rut when your domestic and professional lives play out in the same location. When this happens, simple tasks take longer to complete, and your mental health can suffer. So, how can workers stay productive while still enjoying the benefits of WFH? Here are three tips. “It’s important to have a healthy, happy and productive space to work in.” – Oliver Heath, sustainable design expert – House Beautiful Review your WFH space, making [...]
Feeling Stressed? Here Are Three Tips to Calm Your Mind and Body
It’s considered the health epidemic of our times and affects one in nine people*. If left unchecked, it can cause migraines, nausea and hair loss and increase the risk of stroke, heart attack and dementia. And yet, in modern society, stress is often downplayed or ignored. Some people even boast about it (there’s a term for telling everyone how stressed you are; it’s called ‘stress bragging’). But stress is not a badge of honour. If you suffer from it, it’s important to act. As well as reducing your exposure to trigger factors, there are some simple activities that could help. [...]
What the Budget Means for the Lettings Market in Manchester
Now the dust has settled on the Budget, let’s look at what it might mean for landlords and buy-to-let investors. The overall themes behind the Budget, according to Chancellor Rachel Reeves, were economic stability and growth, investment and putting more money in our pockets. But there were also £40bn of tax rises to fill the infamous £22bn black hole Labour says it’s inherited. The key changes that might affect landlords were: Stamp Duty increase for additional properties The big story here was the increase in the higher rate of Stamp Duty Land Tax (or SDLT), which applies when buying [...]
BREAKING NEWS: How Today’s Interest Rate Decision Could Change the Manchester Property Market
STARTS Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market. Why? The B of E's base rate influences the interest rates many lenders charge for mortgages, loans and other types of credit they offer people. A reduction in the base rate means you can usually borrow money for less. What does it mean for me? Well, let's look at some different situations people are in. I'm thinking of buying a home You may find more competitive rates on the [...]
Manchester Residents: Home Security Tips This Winter
Unfortunately, when the nights get longer, this time of year can be open season for burglars looking to target your home. Now is the perfect time to review your home security and see what improvements you can make. Here are three tips to improve your home’s security. The simplest measures are the best Some of the most effective security precautions are simple and cost very little – apart from a bit of thought and effort. Such as: Make sure door and window locks are in good working order. Upgrade them if necessary. Don’t overlook garages, sheds and outbuildings, as thieves [...]
How to Do the Basics Brilliantly: Key Tips for Landlords in Manchester
Have you ever wondered how some landlords seem to run successful portfolios and others don’t seem to crack the rental property puzzle? In our experience, we’ve seen what the best do that the rest don’t. And the answer is surprisingly simple; they do the basics brilliantly. The best landlords have weathered many storms over the years, from interest rate rises and market turmoil to regulatory and tax changes. And they’ve seen countless Prime Ministers, Chancellors and Housing Secretaries (there’s been a revolving door in that department) come and go. The key learning here is they don’t get too worked up [...]
Budget 2024 News – What It Means for the Manchester Property Market
With PM Keir Starmer warning it would be painful, the new government’s first Budget has been hotly awaited for some weeks now. In this article, we’ll look at what the Chancellor of the Exchequer, Rachel Reeves, announced – paying specific attention to what will affect the property market. The Chancellor started by giving forecasts which suggest inflation will rise slightly, to 2%+, over the next few years. And that economic growth will be modest – only 1-2% yearly. She reminded us all about the infamous £22bn ‘black hole’ and explained this would be filled by tax rises of around [...]
Feeling Stressed? Here Are Three Tips to Calm Your Mind and Body
It’s considered the health epidemic of our times and affects one in nine people*. If left unchecked, it can cause migraines, nausea and hair loss and increase the risk of stroke, heart attack and dementia. And yet, in modern society, stress is often downplayed or ignored. Some people even boast about it (there’s a term for telling everyone how stressed you are; it’s called ‘stress bragging’). But stress is not a badge of honour. If you suffer from it, it’s important to act. As well as reducing your exposure to trigger factors, there are some simple activities that could help. [...]
The Renters’ Rights Bill: Three Things Manchester Landlords Should Know
The Renters’ Rights Bill is a big news story in the property rental world right now. And there are lots of myths and inaccurate information being punted around. In this article, we’ll give you straight answers to three of the most common questions landlords are asking us. Will I be able to evict tenants if I need to? The honest answer is: yes and no. All tenancies will be periodic tenancies. There will be no fixed-term shorthold tenancies as there are now. Tenants will be able to stay as long as they wish. But if your tenants break the [...]
How to Defeat Seasonal Affective Disorder: Three Tips for Manchester Residents
Seasonal Affective Disorder, or SAD, is a type of depression. Some symptoms of SAD include low mood, irritability, difficulty concentrating, eating more (and gaining weight), and just feeling tired all day. What causes SAD? SAD is believed to be caused by reduced exposure to sunlight, which is usual in autumn and winter. It can be caused when your body produces too much of the hormone melatonin, which can make you feel sleepy, and too little serotonin, which affects your mood. If you think you’re suffering from SAD, you should speak to your GP to rule out other conditions or discuss [...]
What Can Manchester Landlords Expect in Next Week’s Budget?
After months of fevered speculation, Chancellor Rachel Reeves will unveil her autumn Budget next week (Wednesday 30 October). As the announcement could have important implications for landlords, let’s consider what might be included in it. But first, a caveat Leaks and rumours accompany the lead-up to any major fiscal event, and this Budget – Labour’s first for 14 years – has been no different. There has been lots of speculation including some news articles that could only be described as scaremongering. What we know is that Labour has promised not to raise income tax, VAT or employee NI contributions. The [...]
Healthy, Hearty Autumn Food to Serve Up in Manchester This Autumn
Many people turn to comfort food to get through the colder, darker autumn and winter months. But reach too often for a plate of stodge, and your energy levels and waistline will pay the price. So, instead, why not make healthy homemade meals using seasonal ingredients to keep you fighting fit? You could even do some batch cooking so that when you come home from work in the dark, the meal prep is already done. Here are three tips for healthy autumn meals. Stews Look no further than a one-pot wonder for a low-fuss, nutritious meal packed [...]
Cuckooing: What Is It? And Why Is It a Threat to Manchester Landlords
Cuckooing is a heartless crime that puts your tenant’s wellbeing at risk and leaves you, as the landlord, facing an array of legal issues. So, if you own a rental property, here’s what you need to know. What is it? The term ‘cuckooing’ refers to when a criminal gang moves into someone’s home and uses the property for illegal purposes. How it starts Criminals tend to target vulnerable people, be they lonely, elderly, intellectually disabled or on the breadline. One way or another, be it with false promises, gifts, loans of money or threats, a crook wheedles their way into [...]
Three Feel-good Things the Next Three Months Can Bring
As the days grow shorter and the chill sets in, it can be easy to feel a bit downcast. But autumn and winter bring their joys, and there’s plenty to look forward to as we enter the final three months of 2024. Here are three things to consider in the coming months that are sure to lift your spirits. Autumn walks in crisp, fresh air As the leaves turn golden and crunchy, autumn is the perfect time to get outside and soak up nature’s beauty. Research suggests spending time in green spaces boosts mood and mental wellbeing, reducing stress [...]
How to Make Your Manchester Property Tenant-Ready in Five Easy Steps
Welcoming a new tenant can be exciting for landlords, but it also requires careful preparation to ensure a smooth transition. A well-prepared property makes a great first impression and can set the tone for a successful tenancy. Here are five key steps landlords should take before handing over the keys. Inspect and refresh the property Begin with a thorough inspection. Look out for issues like faulty fittings, leaks or signs of wear and tear. Addressing these minor problems now can prevent major headaches later. Consider a fresh coat of neutral paint to rejuvenate the space and create a welcoming atmosphere [...]
Dopamine Décor: Three Ways to Freshen Up and Brighten Your Manchester Home
With the days getting shorter and colder, dopamine décor could be just the thing to liven up your living space and lift your mood during the darker months. So, let’s take a look at this popular design trend and how it can transform a drab and dreary home into something special. What is dopamine décor all about? The idea is to introduce pops of bright delight around the home to stimulate feelings of happiness (dopamine is a hormone linked to pleasure). There are no strict rules, only that you choose furniture and furnishings that bring you joy and reflect your [...]
Manchester Landlords: Top Tips for Buying a Fixer-Upper
When considering the purchase of a ‘doer-upper’ – a property that requires refurbishment – landlords are often faced with a Shakespearean (ish) question: “To buy, or not to buy?” It’s an important decision where you must weigh up several important factors before choosing to invest or not. Below are five key considerations to keep in mind: Budget for refurbishment Before purchasing a doer-upper, make sure you budget accurately for the refurbishment work. You must account for not only the obvious repairs but also any hidden issues that may arise once work begins, such as damp or structural problems. A detailed [...]
Create a Home You Love with These Three Tips
Creating a home that nurtures you and your loved ones goes beyond décor, design and furniture layout. A well-balanced living environment can greatly improve your physical, mental and emotional health. Here are three tips to help you create a healthier, happier home. Clear the clutter for mental clarity A cluttered home often mirrors a cluttered mind. Research has shown that clutter can increase stress levels and negatively impact mental health. A study from the Personality and Social Psychology Bulletin found that individuals with cluttered homes were more likely to have elevated cortisol levels – a stress hormone. Decluttering one room [...]
Avoid These Common Pitfalls as a First-Time Landlord in Manchester
Despite overblown media reports of a wave of landlords selling up due to regulation changes and new government policies, property remains a viable long-term investment for many. For first-time landlords, however, common pitfalls can turn a promising venture into a stressful experience. Avoid these six mistakes to ensure your property investment journey gets off to a smooth start. Underestimating costs One of the biggest errors new landlords make is underestimating the ongoing property maintenance costs. Repairs, safety inspections and void periods (when your property is empty) can quickly eat into your profits. Budgeting for unexpected expenses and having a contingency [...]
The Surprising Demographic Shift Taking Place in the Manchester Rental Market
First-time buyers might be getting older, but when it comes to landlords, it’s a different story. A new survey* has found that in the past nine years, there’s been a drop in the average age of landlords in the UK. Back in 2014, the average age for a landlord purchasing a rental with a buy-to-let mortgage was 46.4. By 2023, that figure was down to 42.9. Age breakdown Young adults are often presented as economic lightweights who fritter their cash away on avocado toast and pumpkin spice lattes. But take a deeper dive into the figures, and it’s clear [...]
School Runnings – Travel Tips for Manchester Parents
As September rolls in and children across the UK prepare to return to school, many parents are reconsidering their daily routines. With growing concerns about traffic congestion, air pollution and the rising cost of living, exploring alternative modes of transport for the school run can be a practical and eco-friendly choice. Here are three tips to help you get your kids to school without relying on the car. Walk or cycle: Creates independence and builds fitness One of the simplest and most effective alternatives to driving is encouraging your children to walk or cycle to school. Not only does [...]
What’s Happening in the Rental Market? Update for Manchester Landlords
Is the rental market running hot or cold, and what can we expect in the coming year? Let’s dig into the latest data from the Office of National Statistics (ONS) and property portal Zoopla to find out. Taking stock Unless you spent 2023 hiding under a rock, you’ll know that rents rose last year. A combination of higher interest rates, which put pressure on buy-to-let (BTL) mortgages, and high inflation saw rents increase. The real question is, by just how much? The latest ONS data shows rents in the UK grew by 8.6% in the year to July 2024. A [...]
Savvy Styling Tips for Your Manchester Rental Property
Property experts often advise sellers to style their home before they put it on the market. Go the extra mile with presentation, and buyers will be impressed by what they see and smell, or so the theory goes. But do the same styling rules apply to landlords hoping to attract top tenants to their buy-to-let? While there’s a little less scope for creative presentation with rentals (because they tend to be unfurnished), we think basic styling principles can still apply. A well-styled rental sends a clear message to prospective tenants that the landlord is proactive and [...]
How to Reduce the Risk of Fire at Your Manchester Rental
Did you know that a blaze is seven times more likely to start in a rental property than in a home occupied by the owner?* It's a shocking statistic that underlines the need for landlords to prioritise fire safety. So, let's look at how to keep your tenants and property safe. Follow the law Landlords must follow strict rules on issues such as smoke and carbon monoxide alarms, gas and electrical safety checks and the provision of unobstructed escape routes. We won't go into too much detail here as there's a lot of ground to cover** (if you'd like [...]
Manchester Residents: Discover the Health Benefits of Community Spirit
Throughout August we are running our Community Cheerleader campaign. It’s where we shout from the rooftops (and blog posts) about the importance of supporting our neighbourhood together. Here’s part three of our five-part series, which examines the health and well-being benefits of community spirit. When neighbours know each other, and people work together to support the area, the positive impacts on physical and mental health are profound. Here are some ways being part of a cohesive community helps to make many aspects of our lives healthier and happier. Reduced Stress and Anxiety Being part of a caring, supportive community [...]
How to Choose a Manchester Letting Agent
Great letting agents make a world of difference to their clients. They're star performers who keep tenancies running smoothly, properties well-maintained and landlords on the right side of the law. But not all letting agents are equal. Unfortunately, a small minority are rogue operators with ulterior motives. So how can landlords find a reputable, legit letting agent to manage their rental? Let's find out. But first, a cautionary tale This story, recently reported by the BBC, is a prime example of what can go wrong if you get hoodwinked by a rogue agent. A [...]
The Impact of Local Volunteering in Manchester; Make a Difference Today
Throughout August we are running our Community Cheerleader campaign. It's where we shout from the rooftops (and blog posts) about the importance of supporting our neighbourhood together. Here's part two of our five-part series, which looks at volunteering. Volunteering is a powerful way to give back to your community, meet new people and change people's lives. Here's why volunteering locally is so important, as well as some ideas on getting involved. Builds Community Spirit Volunteering helps foster community spirit. Volunteers build stronger relationships with their neighbours and create a more cohesive and supportive environment by [...]
How Letting Agents in Manchester Support Landlords and Tenants
A good letting agent can make a world of difference for both landlords and tenants. Here are ten things a top-notch letting agent does to provide outstanding service: Tenant Vetting and Screening A reliable letting agent conducts tenant screening (often called referencing) to ensure potential tenants are compatible with the financial obligations and responsibilities of the tenancy. Doing so reduces the risk of payment issues and helps support a harmonious tenancy for both tenant and landlord. Property Marketing Savvy marketing is crucial for attracting quality tenants quickly. The best letting agents use professional photos and accurate descriptions, and advertise on [...]
Discover the Benefits of Shopping Locally in Manchester
Throughout August, we are running our Community Cheerleader campaign. It’s where we shout from the rooftops (and blog posts) about the importance of supporting our neighbourhood together. Here’s part one of our five-part series. Shopping locally is a powerful way to support our neighbourhood and enjoy various benefits. By shopping locally, we all contribute to the local economy, support small businesses and build a stronger, more vibrant community. Here are four great ways to shop locally and why it’s so important: Support local boutiques and independent shops Independent shops and boutiques offer unique products you won’t find in [...]
Buying Your Manchester Rental Property: What You Need to Know
If you feel totally at home in your rental property, you may daydream about buying it from your landlord. So, what issues come into play when you want to buy the property that you’re renting? Let’s take a look. Be realistic While it’s not unheard of for a tenant to buy their rental, it is uncommon. One reason for this is timing: the tenant needs to be in a financial position to buy the property at the same point as the landlord is looking to sell. Understand the commitment involved There are benefits to [...]
Fun Facts about the Paris Olympics for Manchester Sports Fans
There’ll be sweat, tears, heartbreak and joy in Paris over the coming fortnight when the world’s best athletes compete at the Summer Olympic Games. From boxing and badminton to javelin and judo, the Paris games will have something for everyone. As the opening ceremony is tonight (26 July), here are five fun facts about the Games of the XXXIII Olympiad to mark the occasion. History Paris is no stranger to hosting the Olympics. The Games also took place in the French capital in 1900 and 1924. The only other city to host the Summer Olympics three [...]
How to Spot Bedbugs, Bird Mites and Other Creepy Crawlies at your Manchester Rental
There’s no room for complacency when it comes to dealing with insects in a rental property. What can start as a minor inconvenience can quickly become a major issue, especially as summer is breeding season. So, here’s a list of common bugs for tenants and landlords to keep an eye out for. Bedbugs Holidaymakers often inadvertently bring bedbugs home with them in their luggage (they are a common problem in the hotel industry). The bloodsuckers look like red or brown seeds but can be hard to spot as they dislike light. The first signs [...]
Holiday Packing in Manchester Six Things to Remember
Heading off on holiday is always exciting, but it’s easy to forget essential items in the last-minute rush to pack. As we approach the busy holiday months of August and September, here’s a reminder of six commonly forgotten items that could make or break your trip. Chargers and adapters In the age of digital everything, forgetting a charger can feel catastrophic. Make a checklist of all your devices and their chargers. If travelling abroad, remember to pack the appropriate plug adapters. Top tip: To simplify things, keep all chargers in one bag. 2) Important documents Passports, tickets, insurance paperwork and [...]
Common Lettings Terms That Manchester enters Need to Know
Lettings terminology can be confusing, especially if you’re new to renting. So, here’s a jargon-busting list of commonly used rental terms to help you navigate the lettings market*. Agent An agent is a person who acts on behalf of the property owner (i.e. the landlord). Agents can be involved in letting activities such as finding tenants, tenant referencing and the day-to-day management of the property. Arrears If a tenant fails to pay some or all of their rent when it’s due (as specified in the rental contract), the outstanding amount is called arrears. AST AST stands for Assured Shorthold Tenancy. [...]
How to Secure Your Manchester Home Before a Summer Holiday
With the excitement of the summer holiday season upon us, making sure your home is safe and secure while you’re away sunning yourself needs to be on your to-do list. Here are six practical tips to give you peace of mind and keep your property safe during your well-earned break. Install a security system Investing in a reliable home security system is one of the most effective ways to deter burglars at any time of the year. Modern systems often include features like motion detectors, alarms and security cameras. Many can be monitored remotely via smartphone apps, allowing you to [...]
Eight Things to Consider if a Tenant Abandons Your Manchester Rental
Property abandonment is a rare but complex issue that, if mishandled, can get a landlord in legal trouble. So, let’s look at the key things to consider if a tenant abandons your rental without notice. What is abandonment? When a tenant leaves a rental before the end of their contract (usually without notifying the landlord), it’s called abandonment. If a landlord suspects their tenant has ‘done a runner’, then it’s important that they follow these tips. Talk to an expert If you think you’re dealing with tenancy abandonment, speak to a professional (your letting [...]
Manchester Gardeners: Five Mistakes to Avoid in Your Summer Garden
Manchester Gardeners: Five Mistakes to Avoid in Your Summer Garden July is a busy month for green-fingered gardeners, with plants in full bloom and outdoor areas needing extra care. However, even experienced gardeners can make mistakes that affect their garden’s health and attractiveness. Here are five common gardening mistakes to avoid this July, along with tips to keep your garden thriving. Neglecting to water properly During the hot summer months, plants need more water to stay healthy. One common mistake is watering too little or at the wrong time. Watering in the middle of the day can lead to evaporation, [...]
Three Weird Questions to Test the Knowledge of Manchester Landlords
When it comes to being a successful landlord, it pays to heed the words of Forrest Gump. The slow-witted, kind-hearted fictional character played by Tom Hanks on the big screen uttered a phrase that should serve as a guiding motto for all landlords. “Life is like a box of chocolates; you never know what you’re going to get.” No matter how experienced and diligent you are as a landlord, you never know what unexpected dilemma is going to come your way. And when a tenant throws you a curveball, it’s important that your response falls within the bounds of [...]
The Dos and Don’ts of Deposit Deductions: Advice for Manchester Landlords
When a tenancy ends, there’s often confusion – and sometimes disputes – over what a landlord can claim as a deposit deduction. So, let’s look at what’s reasonable to claim and how to avoid deposit disputes in the first place. A landlord can deduct funds from a tenant’s deposit to cover*: Unpaid rent or bills. Damage caused by negligence or recklessness. (The tenant should return the property in the same condition as at the start of a tenancy.) Anything in the property at check-in that is missing at check-out, such as furniture, appliances and smaller items such as lampshades or [...]
Last-Minute Wonders: 6 Father’s Day ‘Swift’ Gifts
STARTS With Father's Day just around the corner on the 16th of June, finding the perfect gift at the eleventh hour can seem daunting. The good news for you last minute-comers is we've researched a list of six easy-to-arrange gift ideas which will make your dad feel special. Online Experience Vouchers Give Dad an experience that he can enjoy from the comfort of his own home. From online cooking classes to virtual painting workshops, many options can be instantly delivered via email. E-book or Audiobook Subscription For any book-loving dad, an e-book or audiobook subscription is a thoughtful gift [...]
Eleven Things to Do before You Move Out of Your Manchester Rental
As we all know, moving home can be a stressful business. But you can avoid a frantic panic on the big day by starting your end-of-tenancy preparations sooner rather than later. With a little bit of planning and forethought, you can streamline the process and avoid a last-minute scramble. Once you’ve agreed on a moving date with your landlord or letting agent, follow this guide. Check out your check-in report: Review the inventory you received on moving-in day. This will outline the property’s condition at the start of the tenancy. It’s your responsibility to return the property [...]
Warning: Danger Ahead! The Rental Red Flags Manchester Landlords Should Heed
If you’re a landlord, you can probably think of nothing worse than your rental sitting empty. The prospect of covering the mortgage and utility bills in between tenancies may keep you awake at night. And there are security implications too: a lengthy void period may invalidate your landlord insurance and increase the risk of squatters moving in. But in a desire to get new tenants in, it’s essential you don’t let your guard down. Because while an empty rental is bad, having a tenant who is a fraudster or serial rent dodger is worse. So, if you hear any of [...]
How to Become a Happy Camper: Tips for Manchester Holiday-Makers
If you’re planning to sleep under canvas for the first time ever this summer, here are some tips to make the most of your maiden camping experience. Plan ahead Do your research before you book a campsite as you’ll find a considerable variation in facilities and price. Some sites have all manner of mod cons, such as on-site bakeries and Turkish steam rooms (yes, really). Others are just a field in the middle of nowhere for those seeking to totally get back to nature. Before you book, read online reviews and check a site’s location on [...]
Secure Your Manchester Rental: A Landlord’s Guide to Summer Safety
When summer arrives, the issue of property security becomes even more relevant for landlords. The summer months provide more opportunity for thieves to take advantage of longer days, open windows and doors, and vacant properties. As a landlord, you need to protect your investment, but it’s also good practice to help your tenants feel safe and secure. Here are five relatively simple security steps landlords can take to safeguard their properties during summer. Upgrade locks and secure entry points As a landlord, it’s important to strengthen all entry points. Invest in high-quality deadbolts for doors and ensure windows have sturdy [...]
Five Factors to Consider when Setting Rent in Manchester
Setting the correct rental price for your property is essential to attract the best tenants and maximise the return on your investment. Too high, and you won’t get that all-important awareness and interest. Too low, and you’ll be out of pocket. Here are five key considerations every landlord should keep in mind when setting the rent for their rental property. Market research: Before setting your rent, make sure you understand the local rental market in your area. Look at similar properties in terms of size, location and amenities to gauge an appropriate price range. Search online property portals and [...]
Celebrate Local History Month by Discovering Our Area’s Past
May is Local History Month, making it an ideal time to dive into the history of our area. Researching local history increases our understanding of our surroundings, strengthens community ties and gives people an appreciation of our heritage. Here are five tips to help you get started if you’re finding out more about our area’s past. Visit your local library: Libraries are treasure troves of historical data, including old newspapers, property records, maps and photographs. Many libraries also have sections dedicated to local history, curated by knowledgeable staff who can guide your research. Talk to local historians: Connecting with [...]
The Biggest Challenge Facing Manchester Landlords Today – And How to Tackle It
One issue, above all else, causes landlords sleepless nights. Can you guess what it is? Could it be maintenance and repairs? Or maybe it’s worrying about the rent being paid on time? If you answered one of the above, thanks for playing, but you’re mistaken. The biggest challenge landlords currently face is abiding by government regulations. In a recent survey*, 67.5% of landlords said complying with red tape was their most significant hurdle. (This figure was up from 39% the year before, a clear indication of growing concern about the issue.) And when you think [...]
Walk This May: Why You Should Step Out in Manchester This Month
There’s an old saying: The simple things in life are often the best. And when it comes to exercise, what could be simpler than putting one foot in front of the other? While there are countless ways to get fit, nothing matches the ease and accessibility of walking. You can do it at home or on holiday, by yourself or with friends, and if you’re pressed for time, you can even tick off a few errands, such as shopping or posting a letter en route. And best of all, it’s free. No membership fees or fancy [...]
How Landlords in Manchester Can ‘Grow’ Trust with Tenants
Gardens can boost a rental property’s appeal, often making it more attractive to potential tenants – especially during May, as spring is here and summer is around the corner. But, as beneficial as they may be, gardens can also be a source of friction between landlords and tenants, particularly when it comes to maintenance responsibilities. To skilfully swerve such disputes, landlords should adopt a proactive approach. Here are five straightforward strategies to help keep your garden an asset, not a liability. 1.Simplify garden designs Choose garden designs that are both appealing and easy to maintain. Opt for plants that require [...]
Five Things Manchester Landlords Should Consider before Buying a Property Abroad
Investing in a buy-to-let abroad can be a tempting prospect. Owning your own little piece of paradise while earning a rental income can seem like a win-win scenario. However, it’s essential to have realistic expectations about the challenges landlords face when managing a property overseas. Here are five things to consider before investing in an overseas rental. The distance factor : Managing maintenance and repairs is difficult when you live hundreds of miles away (especially if you don’t speak the local language). As a result, most landlords get an agent to manage the property for them. As you won’t be [...]
How Mortgages Differ around the World – A Guide for Manchester Homeowners
If you’re paying off a mortgage on a property in Manchester, you’ll be well aware of how the mortgage market works in the UK. But how do they do things in the rest of the world? Let’s look at how people in other countries get on the housing ladder. The Netherlands While UK lenders offer the choice of a fixed-rate or variable mortgage, the Dutch do things differently. A Dutch-style mortgage is a long-term deal (typically 20 to 30 years) in which the interest rate automatically decreases as the loan is paid down. This means the [...]
Top Tips for Attracting High-Quality Tenants in Manchester
Some landlords, actually many, have an ‘if it ain’t broke, don’t fix it’ approach to their rental property’s upkeep. But by proactively refurbishing and modernising your rental properties, you can realise a host of benefits that will attract premium tenants and add long-term value to your investment. Here are seven ways why, and how, astute property upgrades benefit forward-thinking landlords. Attract premium tenants: By upgrading your rental, you ensure it meets high standards, making it more likely to be rented quickly, thus minimising those dreaded void periods. Create better landlord-tenant relations: A well-cared-for property often inspires respect and care in [...]
How Manchester Landlords Can Get the Best from Their Letting Agent
If you’re a landlord looking to save time and money (and let’s face it, who isn’t?), a good letting agent can be a game-changer. They’ll manage your rental property day to day (so you’re free to focus on your other responsibilities), regularly check in with your tenants (to ensure there are no issues) and remind you of your legal obligations. A top letting agent can also look ahead and, drawing on their industry experience, advise you on your long-term investment strategy. But, as with all business relationships, communication is key. When there is clarity and mutual understanding, [...]
Making Tax Digital: A Timeline for Manchester Landlords on the Upcoming Changes
Making Tax Digital: A Timeline for Manchester Landlords on the Upcoming Changes Did you know that HMRC plans to introduce new rules on how landlords file their tax returns? Here’s an update on what these changes involve and a timeline for when they’ll come into force. Making Tax Digital (MTD) is an initiative designed to streamline the tax system by fully digitising it. As MTD has been mooted for quite some time and its implementation delayed twice already, you may have already heard about it. But if you’re hazy on the details or have buried your [...]
Stress Awareness Month: Fresh Ways to Chill Out in Manchester
It’s been described as a curse of modern times. It’s omnipresent in most of our everyday lives. And for some, its impact is dangerous and, in the worst-case scenarios, deadly. In the tune of the 1990 hip-hop hit – let’s talk about stress. April is Stress Awareness Month, a perfect time to discover new relaxation and stress relief techniques. Beyond the usual advice, let’s take a look at some pretty unique activities: Forest bathing: Immerse yourself in nature with forest bathing, a practice proven to reduce stress hormones and boost mood. A good walk in the woods should do [...]
Managing and Reducing Void Periods in Manchester
Owning a rental property isn’t just about what happens while tenants are in place; effectively managing periods when your property is unoccupied is equally important. Every landlord faces void periods as a natural part of property letting, making it essential to prepare financially and strategically to manage its impact. Void periods mean not only the loss of rental income but also the burden of continuing to pay the mortgage, utilities (including standing charges) and council tax without money coming in from tenants. It was once common for local councils to offer a grace period for council tax on empty properties, [...]
Easter Traditions from across the Globe
Easter celebrations in Britain traditionally involve hot cross buns, bonnet parades and lots of chocolate. But how do other countries celebrate this special occasion? Let’s take a look. Finland Finnish children dress as witches at Easter and roam the streets carrying willow twigs decorated with shiny paper and coloured fabric. They go from door to door seeking treats and, in return, offer blessings to ward off evil spirits. Papua New Guinea Instead of hiding chocolate Easter eggs (which melt in the heat), people hide cigarettes in the trees outside local churches. Following [...]
How to Protect Your Manchester Rental from This Common Cause of Property Damage
What’s the most common reason for landlords finding themselves in hot water and needing to make an insurance claim? The answer, according to one insurance company* at least, is ‘escape of water’. This term covers everything from burst pipes and defective washing machines to leaky loos and dripping taps. In a recent report, the firm revealed that 35.5% of all claims paid to landlords were related to water damage. And while most claims totalled a few thousand pounds**, some were for much, much more. (Spare a thought for the landlord who had to claim £145,000 after a [...]
What You Need to Know if You Inherit a Rental Property in Manchester
If you’ve just inherited a rental property, then you may be wondering what your options are. While you won’t need to make any decisions on the spot (it usually takes many months to settle an estate), it’s good to start thinking about the issues you’ll have to address in time. The first is what you intend to do with the property. Assuming you don’t want to move in yourself, your options are to: Continue to rent the property out. That way, you’ll earn a monthly income and have a long-term investment that you could later pass [...]
FAO Manchester Landlords: What Makes a Property a Good Investment?
There are five fundamentals to consider when thinking of buying a rental property. Whether you’re a seasoned investor or taking your first step into the rental property market, make sure you understand what makes a place a good investment. Here are five points to consider carefully: Location, location, location. The age-old mantra is as relevant as ever. A property’s location can significantly impact its desirability and, consequently, its value. Look for areas with strong growth potential, good infrastructure and accessibility to amenities like shops, good schools and public transport. Up-and-coming neighbourhoods or those in the regeneration process may offer particularly [...]
Home Improvement Scam Alert for Manchester Householders
Property owners are being warned to be on their guard amid a rise in the number of green home improvement scams across the country. Many local authorities and also Propertymark, the trade body for estate agents, have warned that people are being duped by rogue traders exploiting anxiety about high energy prices and confusion over green grants. What to look out for Often, a cold caller will ring or knock, offering exterior wall and roof coating products with the promise that they will cure damp problems and dramatically cut energy costs. In reality, the ‘improvements’ guarantee [...]
FAO Manchester Landlords: Five Key Checks for Your Rental Property
Maintaining a rental property in Manchester isn’t just about collecting rent; it’s about safeguarding your investment and keeping your tenants happy and safe. That’s why regular property inspections are so crucial. They help you spot potential issues before they become costly repairs and ensure your property remains a place people are proud to call their home. Here’s the lowdown on the five key areas you need to focus on during your inspections: Structural integrity: Let’s talk about the ‘bones’ of your property. Look for any cracks in the walls and ceilings. Also, checking the roof for missing tiles or leaks [...]
How Manchester Can Break the Chocolate Addiction
You’ve likely heard of Dry January, where a commitment to not drinking alcohol during the first month of the year is made. You may be aware of Stoptober, a campaign that runs throughout October to get people to give up smoking. But have you come across Dechox before? Well, it’s a charitable endeavour traditionally throughout March where people pledge to give up chocolate for the month, all in the name of their chosen good cause. It’s thought to have originally been started by the British Heart Foundation. The ‘challenge’ to give up cocoa-based sugary treats could be a lot harder [...]
Top Renovation Tips for Manchester Landlords
Planning to renovate your rental? There’s one thing you should know before you start pulling up carpets or ripping out cabinets. It will help you avoid a costly and avoidable mistake that many landlords make, and it’s this. Don’t let your emotions cloud your decision-making. It sounds simple, but you’d be surprised how many landlords lose sight of the fact that they’re supposed to be making business decisions. As a result, they do one or more of these things: Spend more than they need to. Spend cash in the wrong areas. Wind up with a longer [...]
FAO Manchester Landlords: The Five Mistakes You Can’t Afford to Make
Being a landlord is rewarding, but it comes with its own set of challenges and responsibilities. Over the years, we’ve seen and helped solve most of the mistakes landlords can make. To help you navigate this complex terrain, here are the five most common mistakes we’ve encountered and how to avoid them, ensuring a more profitable and stress-free experience. 1. Neglecting property maintenance One of the gravest errors is failing to maintain the property. This leads to disgruntled tenants and costly repairs down the line. Prevent this by scheduling regular check-ups and addressing issues promptly. [...]
Making a Difference in Manchester with Simple Acts of Kindness
Random Acts of Kindness Day is this Saturday 17th February. The idea of a day to perform random acts of kindness began in America in 1995. It’s spread globally and is a great opportunity to show how small, thoughtful actions can have a significant impact worldwide and closer to home in Manchester. Here are six easy ways to spread a little happiness and strengthen the bonds within our community. Support local businesses Start by supporting local shops and services. Whether buying a coffee from the local café or choosing a local craftsperson for your next project, your custom helps [...]
What Manchester Couples Need to Know before Moving In Together
If talk between you and your partner this Valentine’s Day turns to living together, there are a few practical things you should know first. Here at Myhouse Agents, we pride ourselves on being as helpful as possible. But dishing out relationship advice is a step too far – even for us. So, if you’re considering moving in with your partner, we’ll leave the big decisions and lovey-dovey stuff down to you. However, if you decide to co-habit, we have some useful, albeit unromantic, advice for you. It’s based on insights we’ve gained over the years from [...]
Renters Reform Bill: An Update for Manchester Landlords
After years in the making, it looks like the Renters Reform Bill – the biggest shake-up of the private rental sector in decades – will become a reality in 2024. So, how much do you know about this wide-reaching set of proposals, and are you ready for them? Be prepared Perhaps you’ve read a few articles about the bill but have put off getting to grips with the details (after all, politicians put forward all sorts of proposals, many of which never happen). Or maybe you’ve taken the ostrich approach, hoping it will go away. [...]
How to Spot the Signs of Illegal Subletting at Your Manchester Rental
Did you know that one in ten tenants admit to illegally subletting their rental property*? The practice is even more common among young people; in a recent survey, 25% of tenants aged 18 to 24 confessed to secretly subletting all or part of their rental. So why should landlords be concerned about illegal subletting? After all, if the rent still gets paid on time, what’s the problem? Here are a few reasons. You have no idea who is living in your property and what kind of illegal or unwise activities they’re undertaking. It can breach the [...]
Is Your Manchester Rental On Trend? How the Lettings Market Stacks Up Today
Whether you’re a first-time investor or an experienced landlord looking to expand your portfolio, it pays to know what tenants want. Understanding current trends in the market will help you fine-tune your rental marketing strategy and ensure that any improvement work you undertake proves to be of good value. So, what are tenants looking for in 2024? Let’s take a look. Affordability Given we’re in a cost-of-living crisis, it’s not surprising that affordability is the top concern for tenants. With the average UK monthly rent now sitting at £1,348*, more tenants are renting with [...]
From Blue to Brew: How a Simple Cuppa Can Lift Our Spirits
Blue Monday, often labelled as the most challenging day of the year, falls on the third Monday of January. But what exactly makes this day particularly blue? Well, a travel company originally coined the name, and Blue Monday is thought to be the day when the festive cheer has faded, resolutions have hit the rocks, and these cold, dark days seem never-ending. But, it’s not all doom, gloom and incoming credit card bills (another reason Blue Monday is so depressing), thanks to the Samaritans’ brilliant initiative, Brew Monday. It’s a clever twist on Blue Monday, encouraging people to come together [...]
Meet the Guppies: What Manchester Landlords Need to Know about This Key Demographic
If you’re wondering what Guppies are (and we’re not talking about fish here) and what they’ve got to do with the property sector, let us explain. The term ‘Guppies’ refers to tenants in the 18 – 39 age bracket who see themselves staying in the rental market for the long term. The nickname comes from the phrase ‘Given Up on Property’ because Guppies don’t see home ownership on the cards for them for at least the next decade. For some, this is because of the high cost of buying a property and the struggle to get a [...]
What’s in Store for 2024? A Look at the Year Ahead in the Buy-to-Let Sector
There’s no doubt that 2023 was challenging for the private rental sector, but looking ahead, landlords have plenty of reasons to be cheerful. While no one knows precisely what will happen in 2024, economists believe interest rates and inflation have peaked, and that the economy will continue to rally. Here’s an idea of what forecasters predict for the next 12 months*. Demand The long-term imbalance between supply and demand in the property market shows no sign of abating. So, the strong levels of demand and high occupancy seen this year look set to continue. Zoopla [...]
How to Bring More Lykke (That’s Danish for Happiness) into Your Manchester Home
The Danes are a contented bunch, with the nation regularly topping global happiness surveys (yes, they really are a thing). This year, for example, Denmark finished second in the World Happiness Report, while the Brits languished back in 19th place. So, what is it about the Danish lifestyle that makes them so darn chipper? Many believe it comes down to ‘lykke’, the Danish word for happiness (not to be confused with ‘hygge’, which means cosiness). When the good folk at the Happiness Research Institute in Copenhagen (yep, that’s a thing too) drilled down into the secrets [...]
Season’s Greetings: A Landlord’s Guide to Tenant Appreciation
Landlords are often portrayed as Grinch-like characters. Devoid of fun, lacking humanity and relentlessly greedy. In our experience, working with dozens of landlords across Manchester, this Scrooge stereotype simply isn’t true. In fact, we often get contacted by generous landlords seeking ideas to spread a little Christmas cheer to their tenants. So, with that in mind, ho, ho, how’s this for five little things that can make a big difference when it comes to building goodwill and rapport? Personalised simplicity A handwritten Christmas card can go a long way. Tailor each message to show you know and value your tenants. [...]
Is Your Manchester Rental Property Ready for Winter?
Forecasters predict this winter will be cold and dry – making it likely we’ll get lots of snow. While this is excellent news if you’re a skier, if you’re a landlord, it means there’s no room for complacency when it comes to maintenance and repairs. Freezing temperatures can cause all sorts of property damage, so it’s vital that your rental is ready for the tough months ahead. Here’s a list of seven ways to winter-proof your property to avoid expensive repair bills and ensure that you and your tenants can rest easy on cold, dark nights. [...]
Crisis-Proof Your Property: What Every Manchester Landlord Needs
As any experienced letting agent or landlord can advise you, ‘expect the unexpected’ when it comes to rental properties. And that’s why it pays to follow the Scouts’ motto and “be prepared”. Being prepared for any eventuality can mean the difference between a minor hiccup and a full-blown catastrophe if you’re a landlord. With that in mind, we’ve created a Landlord Emergency Kit. Let’s dive into five essentials that can save the day. Back-up keys Locked-out tenants? Spare keys can quickly resolve this common issue. Store them in a secure yet easily accessible place, and always have duplicates for all [...]
The Untold Stories of Landlords in Manchester: Compassion behind the Contracts
In today’s climate, it’s easy to paint landlords with the same brush – viewing them solely as money-grabbing opportunists. As a letting agency that’s part of a network of like-minded agents, we get to see the rental business’s good, bad, and ugly side. Yes, there are some unscrupulous, greedy landlords. We do our best to avoid these. However, many landlords strive to do the right thing for their tenants. We’ve gathered some inspiring tales that highlight the, more often than not, unpublicised acts of kindness that landlords have done and continue to do. In one remarkable situation, a landlord had [...]
Eight Ways Manchester Social Media Users Can Make a Positive Difference
If social media increasingly makes you feel anxious or irritated, here are eight ways to enjoy a kinder and calmer experience online. Social media can be a great place to share ideas, learn new things and raise awareness about important issues and good deeds. But spend too much time online, and you may start to feel anxious, angry or depressed. The good news is you don’t have to completely walk away from social media to call time on online toxicity. As it’s Social Media Kindness Day on 9 November, let’s look at how you can make [...]
Tricks or Treats? Demystifying Rental Myths for Manchester Landlords This Halloween
In this Halloween Special, we look at five scary things landlords in Manchester need to be mindful of to avoid nightmares. The ghostly guarantee of quick tenants Some letting agents will convince landlords that finding tenants is a quick and painless process. However, rushing it without proper checks and considerations can lead to choosing the wrong tenant. Patience and due diligence will save you from a frightening future filled with unexpected issues. The curse of the bad tenant Many landlords dread being trapped in a lease with a problematic tenant. This doesn’t have to become your reality. Thoroughly understand your [...]
Declaring Details: How Correct Information Can Save Manchester Landlords Thousands
For Manchester landlords, having the right insurance coverage is not just a box to tick. It’s an essential safeguard for your investments. But simply having insurance is not enough; understanding the policy’s specific requirements and declaring everything accurately is crucial. In the following cautionary tale, we’ll explore a real-life incident involving a landlord who learned this lesson the hard way. The names and details have been changed, but the lessons remain valuable for all landlords. The story A diligent landlord, let’s call him Martin, was confident he had secured the right landlord’s policy with a reputable insurance company. He was [...]
Rental Sector Market Update for Manchester Landlords
After a challenging 12 months for the economy, how is the private rental sector faring, and what lies ahead for buy-to-let landlords? In this market analysis, we look at some facts and figures to give you an accurate update on the private rental sector. Demand Demand for rentals is running hot. It’s up 3% on 2022 levels and a whopping 42% higher than in 20191. Reasons for this include first-time buyers struggling to get on the property ladder (an issue made worse by higher interest rates) and a shortage of purpose-built student accommodation. Supply The long-term imbalance between housing supply [...]
Manchester Landlord’s Guide to Finding Tradespeople You Can Trust
It’s up there with late rents, messy tenants and broken boilers on a landlord’s Headache-ometer. What are we talking about? Finding (and keeping) tradespeople you can trust to look after any property maintenance or issues landlords need to get sorted. In this article, we share five tried, tested and trustworthy tips on how to find the very best and swerve the unreliable rest. Tip #1: Know your needs Understanding what you require is the first step. Is it a leaky tap or a major renovation? Assessing the job’s complexity will help you choose between a handyperson and a specialist. Tip [...]
The Best Boring Gifts for Your Manchester Loved Ones
With the kids safely back at school and the days getting a little bit cooler, can you hear those jingling bells? It might be the end of summer, but get ready because Christmas is coming! With Santa tucked away in his grotto for the next few months, you might (if you’re ridiculously organised) be thinking about what presents to buy your loved ones, or (if you’re sensible) ways to save some money on those energy bills. Don’t fret, we’ve got you covered. In this quick read, we look at some of the best money-saving gadgets to make life [...]
Why It Could Be Better to Rent Out Your Property Rather Than Sell
If you’re fortunate enough to be in a financial position where you can rent out your home instead of selling it, should you take the leap? After all, if you don’t need to sell to fund your next move, renting your property is an option worth exploring. Here, we explore the dilemma of renting out a property instead of selling it. Timing As we all know, property sales can take time. There are lots of hoops to jump through and boxes to tick before you get that money into your bank account. If you’re moving away [...]
What to Consider When You’re Pricing Your Manchester Rental
If you’re a first-time landlord about to rent out a property, or an established landlord looking to purchase a new investment, one of the main questions you’ll have is how much rent you can charge per month. Of course, you can (and should) take the advice of your agent, but it’s also worth understanding exactly what factors impact the amount of rent you can sensibly charge. In this quick read, we explore the factors you need to consider before pricing your rental property. Compare The first thing to look for is properties that are similar to [...]
Why Property Inspections Could Save You Money
As a landlord, you’ve probably experienced that feeling of dread when your tenant’s name flashes up on your phone, reporting a problem. Or how about the horror of receiving the news that you’re going to have to pay for urgent (and expensive) repairs? If either of these situations sound familiar, it could mean you’re not inspecting your rentals enough. Being a landlord isn’t just about buying a property and raking in the rent. It’s a difficult job that requires attention to detail, making sure you’re meeting legal obligations, and ensuring your tenants are enjoying a safe living [...]
Should You Invest in a Turnkey Buy-to-Let or a Renovation Project in Manchester?
Whether you’re an established landlord or a first-time investor, you’ll probably be thinking about what to buy: a ready-to-go rental or a doer-upper. Which one should you pick? Currently, lots of changes are being made around rental rules, and reports claim that many landlords are selling up. However, there are still plenty of investors making their move into the rental space. And with the UK facing a possible decline in house prices, now may be the right time for you. But what do you buy? A turnkey rental is one that is ready for tenants to move [...]
Top Rules for a Happy Manchester House Share
Renting a property with a friend or acquaintance? Never lived with anyone before? We’ve got you covered with some top tips to help manage your new living situation. These days, renting isn’t cheap and whether you’re a student or professional, those monthly payments can feel like a stretch. So, if you’re about to move in with a flatmate, it’s worth sticking to some basic rules to make sure your tenancy works out for the both of you. In this quick read, we look at ways to make your flat share feel like a happy home. Understand Your [...]
Why a DIY Tenancy Agreement Could Be Disastrous for Manchester Landlords
Why a DIY Tenancy Agreement Could Be Disastrous for Manchester Landlords Type ‘tenancy agreement’ into Google and you’ll get thousands of results offering free online templates and guides to writing your own rental contract. So why bother using a letting agent to sort out the tenancy agreement if you can do it yourself? What could possibly go wrong? Well, quite a lot. Hastily downloading a template from the internet and high-fiving yourself for a job well done could prove to be a costly mistake. It might not become apparent for months or even years, but if [...]
How to Make Your Manchester Tenancy a Happy One
As a landlord, as well as managing the finances, the property, and any repairs or maintenance, you must also remember to look after your tenants. While nine times out of ten you’ll never have to deal with anything too difficult, sometimes relationships can be testing. So, what’s the best way to deal with issues that arise during a tenancy? In this quick read, we look at ways to deal with such problems. Help avoid fall-outs You can’t control the arguments that arise between tenants; however, you can try to avoid future rows by setting out clear advice [...]