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Buy to let remains a popular investment despite recent changes to legislation

buy to let landlords

A recent survey of 5000 investors by a London based agency had reported that the Buy-to-let investment model remains the most popular amongst those surveyed.

Although the market is currently seeing a raft of new legislation, covering all aspects of the rental market, 73% of these investors still see property investment as the most stable, least volatile long-term investment available.

Recent legislation has changed stamp duty, tax-relief and tenants fees, making the sector less profitable but the long term impact of these changes is seen more as a bump in the road by many businesses with the size and scale to make adjustments for the long term.

Smaller rental operators may have lost interest and be leaving the sector and certainly the government is seeking to weed out unscrupulous landlords and improve the quality of the businesses that own and manage rental properties, but those with scale are coping well with the new rules.

With Brexit looming there will no doubt be further changes made as the impact of this significant political development  feeds down into the nuts and bolts of property management. However the fundamentals of the investment are still there for the responsible landlord.

Renting property is popular amongst students and young professionals as well as many families. Having the right partner to help you find and manage your tenants will help you generate a steady, reliable income. Buying and maintaining the right kind of property, in the right area, means that you will have capital appreciation as well as this rental income.

Knowing all of the legislation can be difficult for landlords but that’s where choosing the right lettings agent as a partner can be a great help to you. Your agent will manage hundreds of rental properties so will be fully up-to-date with both local and national legislation.

Mistoria operates a team of local offices, staffed by knowledgeable,  friendly staff who work with dozens of landlords in the property rental sector. We cover all of the paperwork for you, ensuring you and your property are fully compliant. We will also source your tenants and manage their tenancy. And of course we handle payments and the money side of things giving you regular monthly statements of all income and expenses and making sure your payments are promptly made.

If you are currently struggling to manage your portfolio or are looking for a new partner to help you with your properties then please drop us a line or call us and we would be happy to show you our range of lettings services.

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Why use a property lettings agent?

Do you have a property that you need/want to rent out?

First of all ask yourself how much do you know about property lettings?

It is possible to let your property privately without the use of a property lettings agent, but using one like us has quite a few advantages. We will market your property for you and organise viewings, get references from your tenants and draw up a tenancy agreement for you. We will also manage the property and take care of any maintenance issues, dealing directly with the tenant on your behalf.

A very important task we handle is rent collection. According to The Tenant Arrears Tracker, published by LSL Property Services the number of tenants who are more than two months behind of their rent has risen dramatically in the first quarter of 2013 from 4,000 to 94, this represents an increase of nearly 5 per cent. We take the worry and stress out of this part of letting.

Did you know that your tenant’s deposit must be kept in a government-authorised tenancy deposit protection scheme. It is held there until the end of the tenancy when it should be returned, assuming the tenant has kept your property in good order. The idea is to protect tenants from unscrupulous landlords who withold it unreasonably.

WHAT WE DO AS YOUR PROPERTY LETTINGS AGENT

  • Advertise the house for rent
  • Show potential tenants round your property
  • Screen potential tenants
  • Collect rent and security deposits
  • Negotiate rental agreements and sign leases
  • Conduct periodic property inspections
  • Handle repair and maintance issues
  • File evictions, if necessary

Many people don’t want to handle all these extra responsibilities or simply don’t have the time. At Mistoria Estate Agents, your property lettings agent we will ensure that your property and tenants are well looked after.

For more information please see our LANDLORDS page.

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Landlord Advice, Why Students Make Good Tenants

Mistoria Estate Agents have compiled some top landlord advice as to why letting your property to students is the way forward…

HMOS: 
You can normally fit more students into your property than you would if it was a professional let. A three bedroom property can often accommodate 4 students meaning more rent for you, the landlord. It is possible to turn the lounge into a bedroom and make the kitchen the “social room”.

CHEAPER AREAS:
Students are prepared to live in areas that are not considered desirable by professional tenants, so the capital values of properties are much lower.

MORE RELAXED ON INTERIORS:
For undergraduate student tenants it is normally their first experience of life away from home, so the newness of the kitchen or bathroom suite is not always their priority when picking their accommodation. Having said that, landlords cannot afford to be complacent, standards are rising and mature and foreign students often demand professional levels of accommodation.

ADVANCES ON RENT:
Due to student loans being delivered in large installments some students find it works better to pay their rent in large lump sums in advance. In some cases the parents will pay upfront for each semester.

CAPITAL:
According to research, University towns have outperformed other towns in terms of house price growth.

Letting your property to students can be daunting but Mistoria Estate Agents can manage your property, from finding you tenants, looking after any maintenance and refurbishment issues to making sure your tenants look after your house.

We give Landlord Advice but more importantly manage EVERYTHING ensuring you have a regular income with no hassle whatsoever.

For information about buying investment property please take a look at MistoriaGroup.com