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Many UK landlords are already aware of Legal 4 Landlords, the UK’s leading specialist supplier of products and services to landlords and the UK lettings industry, but did you know that they are offering the opportunity to join them?

Worldwide Master-Franchise Opportunites

Worldwide Legal 4 Landlords Master Franchise Opportunities

Worldwide Legal 4 Landlords Master Franchise Opportunities

Do you have the skills, drive and desire to mirror the success of Legal 4 Landlords in your country?

The award winning specialist products and services offered by Legal 4 Landlords are in incredibly high demand across the globe as the demand for rental property skyrockets.

The company founded in 2008 have built a solid reputation in the UK and have already recruited a number of talented franchisee’s to help them deliver a high quality service to the UK lettings market.

Now the expansion of the brand is set to go global!

“An award winning franchise in a thriving lettings industry”

Join the UK’s fastest growing specialist provider to the lettings industry. This is precisely the right time to get involved in one of the world’s most thriving industries as confidence in the global rental property market grows.

Full training, systems support and onsite training are provided by an expert training team to help you achieve success and build a major financial asset from the very beginning.

Following enormous, award winning, success Legal 4 Landlords are looking for like-minded individuals from around the world, with the skills, experience and drive to expand a highly lucrative brand offering multiple award winning products and services to landlords and the lettings industry in EVERY country.

Profitable, rewarding, motivating & recession-proof

If you are looking to take control of your future and want to join an award-winning company that offers a unique opportunity in one of the fastest growing industries worldwide, then look no further.

Legal 4 Landlords are the No.1 leading suppliers of specialist products and services within the lettings sector and provide award winning services to many of the largest agents in the UK. Now they are ready to offer their services to the rest of the world and are looking for the right people to join them.

13 Great Reasons why you should join Legal 4 Landlords…

  1. A unique and recession-proof business.
  2. Be part of a supportive and growing network but enjoy the freedom to run your own business and be your own boss.
  3. Legal 4 Landlords is a tried and tested business with successful franchise network already in operation.
  4. We will train you in every aspect of the business to make sure you’ve got the foundations for success from day one.
  5. Operate in two busy markets, i.e. landlords and lettings agents.
  6. State-of-the-art website and bespoke software system.
  7. Global brand recognition.
  8. A British Franchise Association (BFA) Associate member.
  9. Multiple income streams including evictions, referencing, insurance and debt recovery.
  10. A white-collar industry.
  11. Support of over 30 head office staff.
  12. A fast paced and growing market; since the global crash in 2007 the lettings industry has grown month on month.
  13. The opportunity to earn a six figure salary
Tenant Demand Boosts Landlord Confidence

Tenant Demand Boosts Landlord Confidence

UK Buy-To-Let Landlord confidence has been boosted by continued strong tenant demand and falling property prices, according to the latest landlord survey conducted by LSL Property Services.

• 48% of UK BTL landlords believe that now is a good time to invest in property
• Less than 1% think it is now a good time to reduce their portfolios.
• 82% of landlords who think now is a good time to buy rental property cited attractive property prices
• 53% of UK landlords mentioned strong tenant demand.

The strength of tenant demand has been the major driving force behind recent UK rent rises, with rents at a record high of £725.00 (GBP) in England & Wales in July 2012.

In the past six months,

• 44% of UK landlords have seen a rise in tenant demand,
• 1% of UK landlords have observed a decrease in demand.

UK property investors are hoping that this growth will continue, with 64% of landlords anticipating a further increase in demand over the next twelve months.

40% of landlords expect to increase rents by an average of 4.5% in the coming 12 months, with just 1% expecting that they will be forced to reduce rents.

Sim Sekhon, spokesman for specialist landlord services provider, Legal 4 Landlords also commented on the latest LSL survey: “The findings show what UK Buy-to-Let landlords and property professionals have suspected for a while, that the UK PRS market is gaining strength and investors are able to get realistically good rental yields. Many landlords are taking advantage of the wealth of products and services designed to help them maximise profit and provide peace of mind for both tenant and landlord. Our Rent Guarantee Insurance and Tenant Referencing services have been sought by thousands of UK landlords over the last 12 months, as landlords look to avoid causing their tenants, or themselves, financial stress”.

David Newnes, director of LSL Property Services, commented: “House prices are still subdued in many parts of the country and tenant demand is still growing. This is presenting landlords with the opportunity to secure strong yields on properties, and boosting confidence in UK Buy-To-Let as a long-term investment. The majority of landlords expect tenant demand will increase in the future, and as long as lending to first-time buyers remains in the doldrums, and new house building remains subdued, we won’t see demand for rental accommodation tail off. In these conditions, while affordability may increasingly come into play as landlords set rents, they are far more likely to continue to rise than tumble in the coming 12 months.”

Read more about the specialist landlord and letting agent services offered by Legal 4 Landlords

Massive rise in tenant eviction orders as landlords are forced to get tough causing outcry from homelessness charity Crisis.

Over the last three years there has been a 70% rise in court orders for the eviction of tenants in the UK Private Rented Sector (PRS).

12% Rise in Tenant Evictions over last 3 years

12% Rise in Tenant Evictions over last 3 years

Homeless charity Crisis set about analysing figures released by the Ministry of Justice that revealed in the last 12 months some 36,211 PRS landlords have been granted a court order for the eviction of tenants, a rise of 12% on the previous year, and 70% higher than the 21,351 court orders for tenant eviction granted in 2009.

The data shows that between 2009 and 2011, almost 10,000 individuals approached their local authority claiming to be homeless due to the end of an Assured Shorthold Tenancy (AST) or because of rent arrears. A rise of 42% on previously released figures.

Duncan Shrubsole, Policy Director at Crisis, said: “Sadly it is no surprise that we are seeing tens of thousands of private tenants facing eviction. They face a dreadful combination of high unemployment and underemployment, draconian cuts to housing benefit and soaring rents. Our concern is that many of these people will have nowhere to turn, and end up falling victim to homelessness. In fact the Government’s own statistics point to this already happening. We are calling on the Government to rethink cuts to housing benefit that will inevitably leave increasing numbers of people unable to pay the rent. We are also in desperate need of more social and affordable housing in order to rein in the soaring rental market.”

Sim Sekhon from the UK’s leading tenant eviction specialists, Legal 4 Landlords commented: “In these austere times UK landlords are being forced to take action with bad tenants or tenants with rent arrears as they simply cannot afford to go without the rent. We have seen a significant rise in tenant evictions in the last 12 months and unfortunately this trend is set to worsen due to the raft of benefit cuts and welfare reforms being pushed through parliament. Landlords are finding their own finances stretched and are having to take legal action for the eviction of non paying tenants before their entire rental businesses go bust. There are ways for landlords to avoid being in this situation but it does require action to be taken before the start of a tenancy, all applicants should be thoroughly tenant referenced and landlords can utilise Rent Guarantee Insurance to keep the monthly rent flowing.”

Legal 4 Landlords the UK No.1 specialist landlord service provider

Legal 4 Landlords the UK No.1 specialist landlord service provider

To find out more about the specialist products and services

offered by Legal 4 Landlords please visit their comprehensive website

Buy to let landlords see rents hitting new highs!

Financial pressures, employment uncertainty, double dip recession, the Eurozone crisis and the high cost of property deposits have been cited as reasons for the current high demand for PRS rental properties in the UK this year.

The financial difficulties faced by would be property buyers, trying to get mortgages in the current UK housing market, have driven private rented sector (PRS) rental prices to their highest ever observed level last month.

Property experts say the UK Buy-To-Let market is positively booming as people are struggling to raise deposits or meet tight criteria for borrowing set by mortgage lenders.

Although some lenders recently cut their rates, most of the mortgage deals are aimed at borrowers with large deposits or who are buying property with a large amount of equity and those borrowers with smaller deposits are expected to continue to struggle to find a deal in the current financial market.

Landlords are now able to maximise more profit than ever before from their buy to let property investments and now they can do so by looking after the best financial interests of their tenants.

Rent Guarantee insurance is among many of the specialist Landlord and Buy-To-Let insurance policies offered by Legal 4 Landlords, the UK’s leading specialist landlord services provider, who also offer tenant contents insurance.

The groundbreaking work done by the specialist landlord team from Warrington, has attracted so much demand it has meant that the company have had to move to larger premises and employ extra staff as well as successfully franchising part of the business.

Data from LSL Property Services revealed that the typical PRS rent in England and Wales has risen 1% to £725 (GBP) per calendar month in July 2012, up on the previous high of £720 recorded in October 2011.

The rate of rental inflation also rose, from 2.4% in June 2012 to 2.9% and London is seeing rents rise at an even higher rate, up 4.8% to a record £1,057 (GBP) per month in July 2012.

UK landlords should seek out the best products and services to be able to reap the financial rewards that the PRS currently has to offer and should take a look at the Legal 4 Landlords website.

Landlords advised to seek student tenants

Landlords advised to seek student tenants

The Association of Residential Letting Agents (ARLA) has issued advice on the UK student lettings market to first time landlords.

UK Landlords should look to the student lettings market in order to get their empty properties rented out, according to ARLA.

With over 600,000 students starting university courses in major UK cities this September, the student lettings market is a thriving business sector.

UK landlords who are used to renting to working tenants and securing the rent with Rent Guarantee insurance may be wary of entering the student rental market but ARLA insist that the student rental market is a thriving business concern.

ARLA has issued advice on the best steps to take when renting to students that is invaluable information, especially for new or first time landlords.

Guidance for landlords includes ensuring students understand their obligations as tenants, (even when they are likely to be away from the property during long university holidays), joint or several liability clauses, in case students leave the property unexpectedly and conducting a comprehensive inventory, as students don’t always have the best reputation for looking after properties.

Specialist UK Landlord and Letting Agent service providers, Legal 4 Landlords, also urge new or inexperienced landlords to seek advice from a reputable property managing agent, with a proven track record in successful HMO and student lets, before entering the student lettings market and advise landlords to enquire with the relevant local authorities about licensing and compliance with any local legal requirements.

Evolution of a letting agent

Letting Agents - Survival Of The Fittest

Over the last few years, the UK media have spread fear and panic among the renting public, reporting doom and gloom about the state of the property sales market and countless news stories about letting agents closing down, failing their landlord clients and taking hundreds of thousands of pounds of client funds with them.

Reports like these have led the British public to believe that anyone with a passing interest in property or business can set up a property management or lettings agency.
That may or may not hold true, depending on the experience of the individuals concerned, but in reality, what does it take for a property professional to be able to maximise the potential of a rental property business and provide a reliable quality service for their landlord clients and their tenants?

Many self managing property investors and landlords had viewed property management companies and lettings agents as a money grabbing, larger business concern designed to accommodate all sections of society who treated all parties with whom they did business, with equal disdain.

Is this 1970’s Rachmanian stereotype really true? ….. Of course it isn’t!

However, it does take a certain kind of person to make a property lettings business successful?

Among other attributes, a good letting agent needs to be:

  • A Good communicator – Must be able to speak to investors and landlords as well as tenants
  • Customer orientated –both landlords AND tenants are your customers, so you need to find a happy balance
  • Analytical –Especially if you are dealing with the rents
  • Systematic – Capable of following systems and dealing with problems
  • Sales driven – you need to sell your services to prospective landlords and tenants to generate business.
  • Focused – Providing good quality of service requires determination and concentration
  • Professional – Every aspect of the business needs to be conducted to protect the clients best interests.

 

How To Get The Best Out Of The Business

Unless the property rental business is in the fortunate position of being able to employ staff, with the relevant skill sets needed, from day one, then the business owner will need to be master of all of the above skills, or at least be competent, otherwise business will be lost.

When starting any business, the main aims and objectives of the venture need to be clear, including identifying the niche it will operate in. If this is not done, how can the business push forward and in the right direction?

There are thousands of UK letting agents managing Billions of pounds (GBP) worth of property out there, so what separates them?
Why should landlords and property investors choose your letting agency instead of anyone else’s? Are you a HMO specialist, do you manage top end properties? Do you deal with LHA tenants?

New letting agents spring up and disappear again within 6-12 months because the business owners did not know enough about the local property market, the lettings industry in general, the niche market of the area they were operating in or even the demographic of their client base, in other words they did not have enough forethought to be able to survive and profit. In business, failure to plan is planning to fail!

If information and responsibility is not handled correctly, it can be a very steep and expensive learning curve for a new property lettings business, leading to a host of financial and legal issues that interfere with client’s expectations and obligations. Such matters could also force the closure of the business, costing your landlord clients dearly.

Knowledge and experience are the keys to success so business owners need to realise where their knowledge is lacking and plug the gaps with employees or other members of a support network, such as solicitors, insurance brokers, mortgage advisor, builders etc.

Landlords using an ill advised or ill equipped letting agency, (forced to close because they failed to move with the times), risk finding themselves with no tenancy agreements, (AST), no gas certificates (CP12), no rental income, no deposit and no fallback plan. In cases reported by the UK media, some failing letting agents had stopped paying rents to Landlord clients several months prior to closing, meaning that the landlords ended up falling foul of the law and many thousands of pounds out of pocket.

Don’t Let This Happen To You!

To be successful in property lettings, as with any business, you have to have knowledge and experience, not only the practical side of property management but also on the legal side, and keeping up with the latest government legislation, including all welfare reform changes and their impact on landlord clients, can be a minefield at times, but knowledge is power and only the strongest survive.

 

Letting agents can also get help is by joining the National Approved Letting Scheme (NALS) and/or the Association of Residential Letting Agents (ARLA).

Insurance is a must!

Specialist Insurance provides landlords and tenants with peace of mind

UK landlords should already be aware of the necessity, legality and financial importance of having the right insurance protecting their property asset and should always seek to get their rental properties suitably covered with a comprehensive landlord or Buy-To-Let insurance policy.

However, whilst landlords stay insured keeping their property assets protected, very few tenants bother to investing in contents insurance or specialist tenant insurance.

Even though the tenants don’t own the property and are therefore not responsible for the actual bricks and mortar, the property does still contain all of their personal belongings, including important documents and irreplaceable mementoes and so insurance should be an important consideration.

In the event of a claim having to be made, in the case of a fire, for example, tenants may have mistakenly thought they would automatically be covered by the landlord and tried to claim for loss of their important and expensive items from the Landlords Insurance policy, the landlord would receive compensation for the damage to the property, whilst the tenants would find, in most cases, that their claims were unsuccessful and they would be left with nothing.

Tenant Insurance is a necessity is because it is highly unlikely that any tenant belongings will be covered by the landlords insurance. The landlord should have insurance cover to protect the fabric of the building itself, (including certain contents such as the kitchen cupboards, bathroom fixtures etc) and even cover for loss of rent but not the contents of the tenants.
Tenant insurance will also help to protect the tenant’s deposit as good policies cover tenants against accidental damage.

Read the full article on Legal 4 Landlords Blog

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