Ben Beadle is to be chief executive of new NRLA

admin    Uncategorized     agents

Ben Beadle is to be the chief executive of the new National Residential Landlords Association, formed from the merger of the National Landlords Association and the Residential Landlords Association. The NRLA will launch in January 2020.

Ben is currently Director of Operations at Touchstone

The post Ben Beadle is to be chief executive of new NRLA appeared first on Property118.

View Full Article: Ben Beadle is to be chief executive of new NRLA

Fire Door Safety Week: What landlords need to know

admin    Uncategorized     agents

This week the seventh fire door safety week takes place. Fire Door Safety week, organised by the British Woodworking Federation, aims to stamp out bad practice and raise awareness of the important role that fire doors play.To mark the week, and there are a number of resources for landlords and tenants on the fire door […]

The post Fire Door Safety Week: What landlords need to know appeared first on RLA Campaigns and News Centre.

View Full Article: Fire Door Safety Week: What landlords need to know

Beadle to lead the NRLA

admin    Uncategorized     agents

Ben Beadle is to be the chief executive of the new National Residential Landlords Association, formed from the merger of the National Landlords Association and the Residential Landlords Association. The NRLA will launch in January 2020. Ben is currently Director of Operations at Touchstone, part of the Places for People housing group. Previously he was […]

The post Beadle to lead the NRLA appeared first on RLA Campaigns and News Centre.

View Full Article: Beadle to lead the NRLA

We now pay Affiliates for tax planning referrals

admin    Uncategorized     agents

A huge number of landlords have never sought professional advice to identify the optimal business structure to meet their goals.

In our experience, the most common gaps in landlords business plans relate to considering business continuity, legacy planning

The post We now pay Affiliates for tax planning referrals appeared first on Property118.

View Full Article: We now pay Affiliates for tax planning referrals

Flipping – Legal but is it moral?

admin    Uncategorized     agents

Flipping is back with a vengeance. It is quite legal and involves a house purchaser completing the purchase of house, moving in, then putting the house back on the market often for profit. I have seen examples of 40% profit and accept that is achievable.

The post Flipping – Legal but is it moral? appeared first on Property118.

View Full Article: Flipping – Legal but is it moral?

Starting from scratch – HMO?

admin    Uncategorized     agents

I’m looking to get into property investment. Buying the property and renting it out. I am trying to learn everything as I can about HMO rules, but I am not sure if I really understand article 4 for HMO, has it made life difficult for the HMO landlord?

The post Starting from scratch – HMO? appeared first on Property118.

View Full Article: Starting from scratch – HMO?

Millennials spending up to 41% of their Budget on Rent

admin    Uncategorized     agents

Rental trends:

Three biggest rental trends influencing 22-37 year olds revealed in a new rental market analysis by London based hybrid letting agents, Home Made.

Over the last 12 months, Home Made, analysed the spending trends on property rentals for Millennial tenants in the 22-37 age bracket.

They have discovered that Millennials in London are spending up to 41% of their net income on rent (Net share of yearly rent/ Annual salary), which compared to 32.5% of net income in 2005.

Rental prices in London are rising faster than pay levels. However, Home Made have
analysed proprietary data alongside multiple data sources to uncover the other major factors influencing this Millenial spending trend:

� 82% of Newly Built apartments’ renters in London are Millennials. This highlights
a willingness within the demographic to pay for top quality new apartments and the
associated amenities, a co-living community lifestyle, in order to live in a newly
developed environment. This trend shows a large portion of London Millennials are
willing to pay extra for quality which is a positive sign for the growing Build-to-Rent
market.

â—� 57% of the rental enquiries made by individuals living in outer London (zone
3-4-5-6) are for inner London properties (zone 1-2) (Share of properties is evenly
distributed by Zone 1-2 vs 3-4-5-6). This trend indicates commute time and being
close to inner-city amenities rank higher in importance for the Millennial demographic as they flock towards smaller, but more expensive rentals. The data does not, however, show that Millenials are too concerned with being as close as possible to their workplace. With an average Millennial commute time in London of 37 minutes, areas such as Hackney, Brixton, and Clapham have greatly benefitted from offering a convenient commute and local amenities.

â—� The Millennial thirst for flexibility is challenging the wider UK trend of longer
fixed term tenancies. Recent reports by Goodlord revealed that the average
tenancy length in the UK is now 14 months, a decrease of over 7% from 2014. Home
Made have observed a drastic increase in the number of Buy-to-Rent operators
and private landlords accepting short and medium tenancies /break clauses (6
months) in London. Aimed at Millenials looking for maximum flexibility, these
shorter-term rental options are typically offering bills included and pre-setup at a
higher price.

Asaf Navot, CEO of Home Made says this about the trends highlighted in Home
Made’s analysis:

“Millennials have very specific requirements and preferences as to how they wish to
rent, different than any other renters’ segment we have ever seen before.

“This translates to changing renting patterns, such as the willingness to pay a growing share of their income in order to belong to the right community and in the right location.

“Renting is no longer an outcome of an inability to buy a house, but a
preference to invest their time and money in the acquisition of experiences over
possessions or savings.

“Landlords who manage to address these needs, will be better positioned to serve the
growing number of renters choosing to rent, and will enjoy better returns on their
assets.�

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Millennials spending up to 41% of their Budget on Rent | LandlordZONE.

View Full Article: Millennials spending up to 41% of their Budget on Rent