Currently viewing the tag: "landlord association"
UK Landlords Need To Sign Up To Force The Government To Listen To Common Sense

UK Landlords Need To Sign Up To Force The Government To Listen To Common Sense

Under the next wave of welfare reforms, new rules set to be introduced next year, mean that the housing benefit allowance of the new Universal Credit system, will not be paid directly to landlords.

Instead the Government proposes that all payments will be paid directly to tenants, even if they are vulnerable or in arrears!

Please Sign The e-Petition Now!

This will not only expose the landlord to the threat of tenant rent default, it will increase financial pressure on all parties involved and the possibility of repossession proceedings if the rent is not passed over to the landlord.

The proposed welfare reforms will also increase the likelihood of landlords refusing to take any further applications from DSS/LHA/Housing Benefit tenants, in the future as well as bringing to an end existing tenancies, further increasing the pressure on local councils and housing associations, who under the same proposals, will also not be able to request direct payments for non paying tenants.

The Government needs to take on board UK landlords views, that tenants who receive housing benefit directly and who do NOT pay their rents are not financially responsible and therefore it should be allowed that rents can be paid directly to their respective landlord, when tenants are vulnerable or in arrears, as per the current rules.

Failure to take note of this common sense approach will cause more issues for the Government, Local Authorities, Homeless Charities, Tenants and Landlords.

This is a common sense and a logical solution for all concerned – Pay rent direct to landlords where it is needed please!

Please Sign The e-Petition

Responsible department: Department for Work and Pensions

Rogue Landlords Beware!

Avoid Becoming The Landlord From Hell

In the recent C4 “Dispatches” TV programme, journalist Jon Snow and a series of undercover reporters infiltrated the operations of a number of unprincipled landlords, identifying many unethical practices along the way. Painting a very bleak picture of landlords in the UK’s Private Rental Sector.

Not all private Landlords are like this!

In fact, many landlords will go the extra mile to provide their tenants with accommodation that’s fit for purpose, those Landlords are often rewarded with long term tenants and above average rental yields.

HOW TO AVOID BECOMING A “LANDLORD FROM HELL”

1. Run Your Rental Property Like A Business
Many landlords fail to see that owning rental property is a real business. The property is an asset that will provide a decent return on investment, if run correctly. Don’t over inflate the rent or cut corners on any aspect of the property, as these things will return to haunt you and have a detrimental effect on the business eventually. Present the property in a clean well maintained condition for maximum returns.

2. Be Clear With Your Terms
Assured Short-hold Tenancy (AST) agreements should be written in clear understandable language with any conditions clearly defined. Be realistic with any clause(s) that you may wish to include and avoid unnecessary supplementary charges. Use a pre formed agreement available from most Landlord Associations for best practice.

3. Listen To Your Tenants
From answering questions about rent payments, to discussing problems with your property, it’s important to be contactable at all times. If a tenant leaves a message, return the call with the utmost urgency as problems don’t go away, they just get bigger.
If using a lettings/ management company to handle tenant relationships, make sure that their conduct represents you in a good light. An agent who doesn’t return calls isn’t adequately managing your property.
A positive and open relationship with tenants could result in them treating your property with more respect and help identify potential problems earlier.

4. Budget For Maintenance
Failure to keep your property in a good state of repair can result in the discomfort or injury of a tenant. However, some landlords still fall into the trap of failing to budget for running repairs. Before a new tenant moves in do a full assessment of the property to ensure that it is:
• Safe – Including the building’s structure, contents and garden
• Secure – Doors and windows
• Hospitable and welcoming

5. Make Regular Visits
Visit your property every 3 to 6 months, to asses any work that needs completing. Ensure your tenants know you are coming at least 24 hours in advance and that they are aware that you aren’t checking up on them, just doing a routine check of the property itself.
If problems are identified / reported then let your tenants know what you intend to do to fix it and how long this is likely to take. Keep them updated and manage their expectations.

6. Ensure Tenants Know What To Do When Things Go Wrong
Things do go wrong occasionally; it’s an unfortunate fact of life. When they do, it’s important to make sure that your tenants know what to do. Having a plan of action in place can be very helpful; especially as things have a habit of going wrong at the most inconvenient times. For tenants, having the contact details of your preferred tradesmen, (plumber, electrician or builder for example) in the event of an emergency can prove extremely beneficial.

7. Be Flexible, Understanding And Open To Compromise
Tenants often ask questions outside of your original rental agreement. From redecoration to pets, or questions of a financial nature, no matter what the question, landlords, where reasonable should feel an obligation to help where they can. Remember, a small offer of compassion can net you a regular income and happy tenants for many years to come.
Allowing a room to be decorated or making temporary rent allowances will be far cheaper than advertising for new tenants and risking your property being left empty.

8. Protect Yourself
Even with perfect tenants, when repairs are required it can still be costly and Sod’s Law says that they will be at the most inconvenient time.
Landlords can invest in Home Emergency cover schemes to protect them from the unexpected. Many such insurance schemes offer protection for a whole range of incidents including burst pipes and boiler breakdowns, (even at 3am on Christmas morning).

9. Don’t Squander All The Profits
The whole idea is for the property to make money for the landlord, the rental payments should exceed the mortgage payments. Your property is a valuable cash producing asset, wise landlords will allocate a percentage of the profit to be reinvested back into the property, be that for improvements or repairs, but they know to look after their asset.

Tagged with:
 

There Will Never Be A Better Time To Invest In Property

MyPropertyPowerTeam.co.uk helps property investors and landlords build their own property power team to enable them to profit from property - Visit our main site now!