Tag: #welovemanchester
Mortgage Expert Reveals Why Landlords Are Investing in Buy-to-Let in Manchester
A rise in the number of landlords taking out buy-to-let mortgages shows that the market fundamentals in the lettings sector remain strong. As Chief Commercial Officer of buy-to-let lender Fleet Mortgages, Steve Cox is a numbers man. And after crunching the data released so far this year, he’s given his verdict on the outlook for the buy-to-let (BTL) sector, and it’s pretty positive. In an analysis piece in Mortgage Solutions magazine, Cox said BTL had outperformed expectations last year and got off to a positive start in 2025. “I think we sometimes underestimate the resilience of our market,” he said. [...]
What Manchester Landlords Should Do in the Event of a Burst Pipe
If a pipe bursts at your rental, quick action will save you time and money. Here’s what landlords need to know. To steal a quote from Game of Thrones ‘Winter is Coming’. (Well, ok it’s here already.) And the colder weather can bring different challenges for landlords, including burst pipes. Here is some advice for landlords on dealing with (and avoiding) burst pipes at a rental property. What causes a burst pipe? In cold weather water in a pipe can freeze. As it freezes, it expands and can split the pipe. Often a burst isn’t apparent until the ice melts and the water pours out. Where is most at risk? Pipes in habitable rooms that are heated are at less risk of freezing. Pipes in cold places, like attics and cellars, are at greater risk. Outdoor piping, such as in a garage, shed or an outside water tap, is at high risk of freezing. Tips to prevent a burst pipe It’s still not too late to do some preventative work. Protect vulnerable pipework with foam insulation or spiral wrap. Outside taps should be protected with an outdoor tap cover. Dealing with a burst pipe – action plan If you get a call from your tenant reporting a burst, consider doing this: (If you’re a tenant and reading this then check whether you should call your landlord directly or their letting agent. Make sure that you have their number handy.) Refer your tenant to your letting agent – if you have one and if they handle maintenance for you. (At times this, a good agent is worth their weight in gold.) Ask your tenant to turn off the water at the stop tap (also known as a stopcock). It’s a good idea to leave instructions in your property showing where this is and how to use it. Then, ask your tenant to drain the affected pipe by turning on the tap it supplies. This could reduce the damage caused considerably. Call in a plumber or home emergency service. (Although this is likely to be easier said than done, especially at Christmas and New Year.) Make a shortlist of who you can call if you don’t already have a plumber. Try a temporary fix if you can’t get a plumber immediately. If you have DIY skills, try a temporary repair using pipe repair tape, epoxy resin or a burst pipe clamping kit. These are available from DIY stores. Of course, a good way for landlords to avoid the problems caused by burst pipes and other emergencies is to hire a good letting agent who can do this for you. Would someone you know find this article helpful? Why not share it with them?
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.
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 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 [...]
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 [...]
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 [...]
Three Helpful Apps for New Homeowners in Manchester
There’s nothing quite like becoming a homeowner for the first time. Stepping over the threshold into a place you can call your own is one of life’s memorable moments. However, as well as coming with a host of benefits, home ownership also comes with responsibilities. Unlike renting, where someone else handles the maintenance and most of the upkeep, these duties now fall to you as the owner. Thankfully, many useful apps are available to make life easier and less stressful for homeowners. Here are three of the best. Centriq This clever home maintenance app means you’ll never have to search [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
The Impact of AI on Manchester Rental Sector: A Look Ahead
Artificial intelligence (AI) is making tsunami-like waves across various industries, and the UK rental sector is no exception. For landlords, understanding how AI might shape the future of property management is important for maximising their investment and protecting their assets. Here’s a glimpse into the potential changes AI could bring while also highlighting the importance of letting agents in handling the human aspects of renting out your property. Smarter property management AI can revolutionise property management by automating routine tasks. Smart maintenance systems powered by AI can predict when appliances need repairs before they break down. This proactive approach [...]
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 [...]
Creating a Child-Safe Home: A Guide for Manchester Residents
As it’s Child Safety Week*, here’s a handy reminder for Manchester homeowners about how to keep your precious little ones out of harm’s way. Whether you’re a parent, grandparent or guardian, it’s important to ensure your home is child-proof. Babies and children are infinitely curious and love climbing on furniture and grabbing and tasting whatever they can get their hands on. So, here are seven practical tips to reduce the risk of accidents in your home and keep children safe. Secure furniture and TVs: Furniture and TV tip-overs are surprisingly common and can cause nasty injuries and, in rare cases, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
Simple Ways to Bring More Sunlight into Your Manchester Home
Who doesn’t love it when the sun’s out? Well, apart from vampires, mushrooms and raincoat makers. But seriously, natural light, especially sunlight, has significant mood-enhancing effects on our minds and homes. For homeowners and residents, understanding how to harness this natural marvel in home design isn’t just about aesthetics but also a step towards a healthier lifestyle. Let’s discover more. Why sunshine is significant: The health benefits of natural light Natural light is a natural mood enhancer. Exposure to sunlight increases the brain’s release of a hormone called serotonin, which is linked with boosting mood and aiding a person to [...]
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 [...]
How to Be a Pet-Friendly Landlord in Manchester
If you’re a landlord looking to attract long-term tenants, it’s worth thinking about ways to make your investment property as appealing as possible. And one area you may have overlooked is the army of British pet owners who need a rental property, and want to make their furry friends as comfy as possible. Unfortunately, over the years, many landlords have been known to refuse pet owners, perhaps due to worries about damage or general unsuitability for a property. Many pet owners tend to stay put in a rental as it can be difficult to find somewhere suitable. [...]
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 [...]
How to Make the End of Manchester Tenancy Run Smoothly
As a landlord, one of your main goals is to make sure your property is tenanted. As soon as the old tenants decide they’re moving on, it’s time to find new renters to move in. But while you’ll be keen for a quick turnaround, it’s also important that things are done properly (cutting corners will cause you problems in the long run). Not only will you want to end the initial tenancy correctly, but you’ll also want to start the next one off on the right foot. In this quick read, we look at how to ensure [...]
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 [...]
Great Storage Tips to Help You Declutter Your Manchester Home
Close your eyes and picture your dream home. What do you see? A home that’s light, spacious and orderly? Or one that’s chaotic and cluttered with objects piled high and shoes and clothes strewn on the floor (along with bits of Lego that you inevitably tread on). The first scenario is the one that most people aspire to – and for good reason. Research shows that when our environment is tidy, we’re less anxious and more productive. In contrast, we feel more distracted and stressed when everything around us is in disarray. But creating a mess-free, [...]
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 [...]
Choosing a Letting Agent: What Manchester Landlords Need to Know
How can you spot a top letting agent from a master of mediocrity? Read on to find out. Landlords use letting agents for all sorts of reasons. Some need help navigating red tape and lettings legislation, while others want a third party to deal with inspections, inventories and disputes. And some just want peace of mind and to know that their investment property is being managed by a safe pair of hands. Whatever your motivation as a landlord, once you’ve decided to use a letting agent, it’s important to choose a good one. Here are [...]
Renting a Property in Manchester? Find Out How to Get Your Repairs Sorted
Problems in the home are a nuisance. Like when you’ve got a leaky tap and the drip drip drip drives you to distraction, or when your fridge packs up and food goes to waste. When things go wrong, it’s understandable you want them fixed ASAP. But what if you’re a tenant? What’s the best way to get an issue resolved? Repairs and maintenance in a rental property are usually a landlord’s responsibility. As a tenant, you’ve got to wait until they sort it out, so what’s the best way to communicate with your landlord? How can you get them [...]
How Manchester Landlords Can Ensure a Tenancy Gets Off to a Good Start
If you’re a landlord about to settle a new tenant into a property, there’s one phrase that should be your guiding mantra: “Start as you mean to go on”. Because what you do in the early stages of a tenancy will help define what unfolds over the next weeks, months and possibly years. Get things right, and you’ll build the foundations of a long and successful tenant-landlord relationship (the kind that all landlords dream of). Get it wrong, and you could be in for a bumpy ride that absorbs much of your time and energy and leaves you stressed and [...]
Refill and Recycle: How You Can Reduce Waste in Manchester
Recycling is part of our everyday lives: at home, in the workplace, at school, in cafés and restaurants. We’re all more aware than ever of the importance of recycling, but how about stepping up a gear and really trying to reduce our use of plastic? Ask yourself this, and answer honestly. Do you do enough to protect the environment? Well, 16 June is the perfect opportunity as it’s World Refill Day – a global campaign to prevent plastic pollution and help people live with less waste. So, how can you get involved? According to the brains behind [...]
Why Renting in Manchester Could Be the Best Choice for You
The pitfalls of renting are always shouted about: too expensive, dodgy landlords, broken appliances and so on and so on. But what about the positives? With rental reforms on the horizon and changes to eviction rules in full swing, let’s explore why being a tenant is the best choice for some people. According to research by the HomeOwners Alliance, 86% of people want to own their own home. But sometimes, the dream of buying just doesn’t make sense. High interest rates, a lack of savings and additional costs can put that first step on the property ladder out [...]
What Manchester Landlords and Tenants Need to Know about Home Security
It’s not just birds, bees and butterflies that come out in force in summer – unfortunately, burglars step up their activity, too. With many people going away on holiday (leaving homes empty) and others opening their windows and doors when temperatures rise, burglary rates spike in summer. So, how can tenants and landlords stay one step ahead of the crooks and avoid the financial and psychological cost of a break-in? The answer is to be vigilant and work together. Tips for tenants Always check that you’ve locked all windows and doors before leaving home. If the [...]
Guide to Garden Maintenance for Manchester Landlords and Tenants
Garden maintenance can be a thorny issue between tenants and landlords, so here’s a useful guide to help avoid confusion. Now that spring is here, there are lots of tasks to be done in the garden, such as watering, weeding and mowing. But if the garden is part of a rental property, who is responsible for doing them? That’s a question that has vexed many tenants and landlords over the years (garden maintenance is the cause of about a quarter of all deposit disputes*). So, here’s an outline of responsibilities for maintaining outdoor areas at a rental property. But first… [...]
Update: What the Renters’ Reform Bill Means for Manchester Landlords
After a four-year wait and lots of speculation, a wide-ranging plan to overhaul the rental sector was finally presented to Parliament this week. The Renters’ Reform Bill includes changes to eviction laws, the creation of a Private Rental Ombudsman to resolve disputes and measures to speed up the existing court process. The bill will now be scrutinised by MPs and members of the House of Lords, so is subject to change. But here’s a brief rundown of the proposals as they stand and what they mean for landlords. If, after reading it, you’d like to have a more detailed conversation [...]
What Manchester Landlords Need to Know about Condensation and Mould
How can landlords and tenants combat condensation and mould? Read on to find out. Condensation and mould The two are often bundled together because if you’ve got condensation, there’s a good chance it won’t be long before you’re battling mould. Condensation can be caused by warm air hitting cold surfaces or by lots of humidity in the air. The air cools and droplets form, creating a damp environment – and a perfect breeding ground for mould. Mould grows in black, green or brown spots. It’s most commonly found in bathrooms and kitchens but can thrive in any damp or humid [...]
Five Ways to Be a Great Manchester Landlord
As a landlord in 2023, it’s fair to say there are a lot of challenges on the horizon. From changes to rental rules, tax upheaval, mortgage mayhem… it’s all going on. But the first thing to remember is your tenants and their experience of your property. It’s all too easy to move new people into your vacant rental and forget about them until a problem arises. So why not try and make the tenancy run as smoothly as possible from the outset? In this three-minute read, we look at five priorities a landlord should consider. Create a [...]
How the Cost-of-Living Crisis Is Impacting Manchester Rents
You can’t open a newspaper (or app) without seeing something about the UK rental market. Whether it’s the increase in demand for property, changes to rent rules or landlords selling up – rentals are getting a lot of attention. And one matter that is causing a lot of controversy is the issue of rising rent. In a cost-of-living crisis, the increase in monthly rent is understandably worrisome for tenants, but are landlords really to blame? Owning investment property is a business, and for many full-time landlords, it’s their sole source of income. The same applies to one-off or [...]
Feng Shui: Could It Bring Harmony to Your Home in Manchester?
The ancient Chinese practice of feng shui literally means ‘wind’ and ‘water’. So, is it a valuable guide for harmonious living or a load of hot air? Even if you don’t know exactly what feng shui is all about, you’ve probably heard LA celebrities and interior designers extolling the virtues of it. So if it works for Bill Gates, Madonna and George Clooney, could feng shui work for you? Here’s a rundown of the basics. History Feng shui is the practice of arranging work and living spaces to create harmony, and dates back to China 4,000 years ago. [...]
How Manchester Landlords Can Manage and Minimise Void Periods
Success as a landlord doesn’t just centre around what you do when your property is tenanted. How you manage your rental when it’s empty is also crucial. All landlords have to contend with void periods – they’re an inevitable part of having a buy-to-let. So, it’s wise to budget for the costs associated with void periods and take precautions to stop them dragging on. That’s because when your property is empty, not only will you be missing out on rent, you’ll also have to cover the mortgage and utility bills (you’ll need to heat your property to [...]
How to Prepare for an End-of-Tenancy Inspection in Manchester
It’s widely recognised that moving house is one of the most stressful (and annoying) life events you can experience. If you’re nearing the end of a tenancy agreement, there are a few things you can do to ensure your check-out inspection goes well and (upon moving out) you get your tenancy deposit back in full. In this quick read, we go through ways to make moving out easier for you and your landlord. Report issues or breakages early Let your landlord or managing agent know in advance of any damage that has occurred – whether it’s [...]
Four Ways to Reduce the Stress of Being a Manchester Landlord
Being a landlord is one of those jobs where there’s no middle ground. It’s either low stress with great tenants and affordable mortgage rates, or it’s the total opposite: high stress, broken appliances, tenancy challenges and ever-increasing costs. When a property is vacant, there’s worry about how long it will take to find new residents. When new tenants move in, there’s the stress of managing the rent payments, and then there’s the constant anxiety about a boiler breakdown or major leak. As April is Stress Awareness Month, there’s no better time to look at a few ways you [...]
How to Keep Your Manchester Home Safe
Some days, it’s like your home is a minefield of accidents just waiting to happen. You trip up the stairs with a pile of washing in your arms, you break your favourite mug, and to top it all off, you burn the toast. Not fun. While everyone wants a home that is safe and hazard-free, sometimes little mishaps can cause a whole lot of bother. So, how can we make our homes safer for all? In this quick read, we look at some of the most common accidents that can happen at home and share some tips to [...]
A Guide to Adapting Your Manchester Rental for Older Tenants
Older tenants are a growing force in the private rental sector, so is it time for savvy landlords to proactively target this demographic? It’s one of the most striking trends in the housing sector over the past decade. Between 2011 and 2021, the number of tenants aged between 45 and 64 skyrocketed by 70%, while those over 65 jumped by 38%.* A third of renters are now over 45. And due to high property prices and the challenges of getting a mortgage later in life, many in this group will stay renters their whole lives. What [...]
How to Make Sure Your Manchester Rental Property Is Safe
Many people are under the assumption that being a landlord is an easy ride. Get your tenants in, collect the monthly rent and that’s it, you’re laughing. Sounds like a dream… Unfortunately, it’s far from the truth, as most experienced landlords and agents will tell you. Unless you’re lucky enough to have long-term tenants, every time a new lot of renters move in, there are lots of checks to be made, forms to sign, letters to send and on it goes. One thing that should never be ignored or delayed are your annual safety checks. As a landlord, [...]
Important Reasons Landlords has to do Legionella Risk Assessments in their Rental Property
As a landlord, you have many responsibilities when it comes to the safety of your tenants. One of the less well-known, but still vitally important, responsibilities is ensuring that your properties are free from Legionella bacteria. This is why a Legionella risk assessment is essential for any landlord. Here are some of the reasons why: It's a legal requirement under UK Law Landlords are required to assess the risk of Legionella in their properties and take appropriate measures to control any risks identified. Failure to comply with these regulations could result in legal action, including large fines and even [...]
What You Need to Know if Your Manchester Landlord Decides to Sell Your Rental Property
As a tenant living in a rental property, you need to be aware of your rights. Fortunately, due to recent reforms in legislation, you’re now more protected than ever when it comes to matters of eviction and deposits. But what if your landlord tells you they’re planning to sell the property where you live? First things first, don’t panic. If you’ve signed a tenancy agreement, your landlord must stick to it, even if they’re planning to sell the property. In this quick read, we look at some questions you might have if your landlord decides to sell. [...]
Eight Reasons Why Manchester Landlords Should Refurbish Their Buy-to-Lets
“If it ain’t broke, don’t fix it.” That’s the view some landlords take on the question of renovating a buy-to-let. They do the absolute minimum in terms of maintenance and repairs and only manage to meet their legal obligations by the skin of their teeth. The décor is shabby and tenant turnover is high, but hey, they’re saving every possible penny, so they feel rather pleased with themselves. So, is this the best way to get the most out of your property investment? We’d argue that instead of running your buy-to-let down to its bare [...]
Should You Include Bills in Your Monthly Rent for Your Manchester Property?
Tenants’ needs and wants are always changing. A decade ago, broadband was a luxury, now it’s a necessity. Since the pandemic, properties with outside space are more popular than ever. So how can you make your rental property as attractive to tenants as possible? Recent research by property bods at Rightmove has found that ‘bills included’ is now one of the most popular search terms currently used by prospective tenants, overtaking ‘pets’ and ‘garden’, marking yet another change in what renters want. What does this mean for private landlords? Many landlords running Houses of Multiple Occupation offer bills [...]
Want to Live Happily Ever After? Don’t Fall for This Common Property Fairy Tale
As 26 February is Fairy Tale Day (yes, it’s a real thing), let’s look at the most common property fairy tale and how falling for it can cost you time and money. We love a good fairy tale as much as the next person. Whether it’s a frog that morphs into a prince or a feline in fancy footwear, these stories have stood the test of time for a reason – they’re imaginative and entertaining. But when it comes to helping people make their next big property move in real life, we think it’s best to save the [...]
Turn Your Manchester Rental Property into Somewhere You Love
Whether your rental property is a blank space you just sleep in, or it’s a new family property, it’s important to make it feel like home. So, how can you fall in love with your rental without breaching tenancy rules? You could be a long-term renter or maybe a flat-sharer, but one thing is for sure, making the space your own will immediately change the way it looks and feels. In this quick read, we look at ways to love your rental without falling foul of any tenancy agreement rules and stipulations. Check what’s allowed Before [...]
How to Manage Multiple Rental Properties
How do portfolio landlords deal with the multitude of tasks and mountains of red tape that come with managing several properties? Read on to find out. Owning a portfolio of rental properties can be a great way to earn income and build up a tidy nest egg for the future. But be warned: you can’t afford to wing it. If you’re disorganised with deposits, rent payments, inventories and maintenance, you’ll wind up out of pocket. And if you don’t keep up with the hundreds of rules and regulations that apply to landlords, you could be fined [...]
What to Do If Your Tenants Fall Out
Joint tenancies can be a great way for friends and couples to share costs and a steady source of income for landlords – but they’re not without their challenges. Friends can fall out, couples can split up, and rows about who used all the loo roll or spilt red wine on the carpet can escalate into toxic disputes. Sadly, the current cost of living crisis, which is causing much anxiety among renters, may further complicate things. According to a recent survey*, three in five people living in shared accommodation say rising energy bills are a source of [...]
What Your Tenants Need to Know on Moving-In Day
Want to get your new tenancy off to a good start and safeguard against future disputes? Then here are some important things you should tell your tenants on moving-in day. Let’s face it, finding good tenants and getting all the relevant paperwork ready for a new tenancy is hard work. As well as arranging viewings and reference checks, landlords have to finalise the contract, compile an inventory and take meter readings. By the time all this is done, most landlords are itching to get the moving-in formalities over with quickly and leave their tenants to unpack. [...]
The Five ‘Rs’ of Making the Most of Your Property Portfolio
A property portfolio is a great way to generate income and build yourself a tidy retirement nest egg. But there’s more to it than shaking hands with new tenants and waiting for the rent to roll in. You need robust systems and a professional attitude to protect your investment and ensure you don’t wind up out of pocket or on the wrong side of the law. To find out what it takes to manage several rental properties, read our guide, the Five Rs of Making the Most of Your Property Portfolio. Responsibilities As a landlord, it’s important [...]
Is Rent Protection Insurance Really Necessary?
The rental market is a tough place to be, especially in the current economic climate. With the cost of living crisis leaving many tenants feeling squeezed, now could be the right time for landlords to invest in rent protection insurance. But is it really worth it, or just another expense? In this two-minute read, we look at rent protection insurance in detail to help you decide whether you need it. What is it? Rent protection is also known as rent guarantee insurance or landlord rent insurance. It protects landlords against loss of rental income if a [...]
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Are Manchester Landlords Recession Proof?
Recessions hit everyone right where it hurts: in the pocket. Everyone feels the pinch as prices rise and the cost of living spirals. Homeowners face the prospect of higher mortgage rates and rising bills. But what about landlords? Are they the Teflon of a credit crunch? According to finance experts at Investopedia, landlords not only survive recessions, but they thrive, as renting becomes more appealing than buying in the economic downturn. After all, owning rental properties guarantees them an income, or does it? In this quick read, we look at why landlords aren’t always immune to recessions [...]
How to Spot a Fake Landlord and Avoid Getting Scammed
Don’t let fraudsters swindle you out of your hard-earned money. Read on to discover what the ‘fake landlord’ scam is and how to protect yourself. The fake landlord ruse has been around for years, but current market conditions mean that some renters are particularly vulnerable to this con right now. Here’s how it works A fraudster posts a property for rent online, complete with photos (usually stolen from a legit website). Often, they advertise on online community noticeboards so they can take advantage of free listings. However, some fraudsters go so far as to create an authentic-looking lettings [...]
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https://www.youtube.com/watch?v=Cj0sDBoabrA
Attention Manchester Landlords – Don’t Let Condensation Cause Sleepless Nights
This two-minute read looks at some simple steps landlords and tenants can take to reduce the risk of condensation causing mould, damp and disputes. What causes condensation? When moist air is cooled by contact with cold surfaces such as walls, windows or mirrors, the moisture condenses into water droplets, AKA: condensation. This can often cause unsightly mould and, in extreme cases, be unhealthy. Not just in terms of physical health but because it’s a common breeding ground for disputes between landlords and tenants. Why should landlords take it seriously? Condensation is more likely to strike when the [...]
How Manchester Landlords Can Beat Bug Infestations
If the idea of an insect infestation at your Manchester rental property makes your skin crawl, read on to find out how to beat the bugs this summer. No landlord wants uninvited visitors in their buy-to-let – especially the six-legged variety that spread disease, bite, sting and cause property damage. With insects breeding prolifically in warm weather, here’s a list of the little critters to be on the lookout for in your rental property. Flies: Common house flies reproduce in large numbers, so even if you only have a few buzzing around the place, this can change quickly. Flies [...]
How Manchester Homeowners Can Take Their Garden to the Next Level
If you’re planning to entertain friends or family at home this summer, check out the latest must-have garden gadgets and accessories. A two-minute read. Spending time in your own garden, be it pottering around alone or entertaining family and friends, is one of the true joys of summer. And there’s a host of products on the market to help you make the most of the experience. Here’s a list of what is proving popular at the moment. Garden fireballs – Fire pits were a hit last summer, but this year, it’s all about the fireball. Like a [...]
Why Landlords Should Conduct a Property MOT
It pays to sit down once a year and review how your buy-to-let is performing and flag up any potential issues looming on the horizon. A two-minute read. We’re all familiar with an MOT, an annual check-up to ensure your car is safe and good to go for the year ahead. Well, let’s apply the same concept to a buy-to-let investment. Even if your current tenancy is ticking along nicely, a property MOT can be a helpful exercise to ensure that you: Are up to date with government regulations and maintenance Have the right rental strategy Are [...]
Top Tips for Successful Property Inspections
Inspections are a key part of managing a tenancy so it’s imperative that landlords get them right. Here are some top tips to ensure landlords don’t miss a thing. A two-minute read. We’ve all heard the horror stories about nightmare tenants who trash a rental property, leaving the landlord up to their neck in repair bills and legal costs. Or maintenance issues that were left and became problematic. Thankfully, there are ways landlords can minimise these risks and one key strategy is to conduct regular inspections. Landlords are often diligent with inspections at the start of a tenancy, [...]
What Landlords Need to Know about Their Legal Responsibilities
This two-minute read explains how landlords can navigate their way through an ever-growing list of rules and regulations. There’s one rookie mistake that many first-time landlords make when they invest in property – and it can cost them dearly further down the track. While most newbie landlords mull over the obvious financial stuff – like rental income, repairs, mortgage costs and tax – they overlook one other crucial factor in the buy-to-let (BTL) equation: legal responsibilities. As landlords today must comply with more than 175 rules and regulations (many of which are constantly being tinkered with), it’s [...]
Guaranteed Rent or Guaranteed Stress?
As a busy landlord juggling a portfolio of multiple properties, you might be thinking about ways to reduce your workload or secure a regular income. Have you been enticed by promises of guaranteed rent? Guaranteed rental schemes or rent-to-rent (R2R, not R2D2) schemes are growing in popularity. But hold on for a minute, what do they actually mean? In a nutshell, it’s where you rent your property to a rent guarantee specialist who promises to pay you a certain amount every month and takes on the burden of managing your property. Sounds great, doesn’t it? But is [...]
Guide to Switching Letting Agents
This two-minute read looks at why landlords should change letting agents and how it can benefit them. Did you know that lots of people pay more for their phone bills, car insurance or Wi-Fi simply because the thought of changing providers is too stressful? This is like a lot of landlords – they stick with the same letting agent they’ve used for years just because it’s easier to stay put. We hate change. Why rock the boat? Sure, the boat may be leaking and have a dodgy fish smell, but is it really that bad? Well, dodgy [...]
A Landlord’s Guide to HMOs in Manchester
As a landlord, you might be thinking about how to get more value from your property. While the rental market for single tenancies is booming, have you considered a House in Multiple Occupation (HMO)? These days, HMOs are big business. In simple terms, it’s where a single property is made into multiple dwellings. And currently, the rental market is crying out for more. HMOs are no longer dingy bedsits of the past, they’re more like high-quality studio apartments under one roof. In this three-minute read, we take you through the basics of an HMO, what you need [...]
All You Need to Know about Double Glazing for Your Manchester home
Before you were a property owner, chances are windows were something you just looked out of to take in the view. You probably didn’t give them much thought and you might have cleaned them occasionally. That was it. Now, as a homeowner, your single, double, or triple glazing means so much more. And if you’re about to renovate a property or upgrade your windows, it’s worth diving into the fascinating world of double glazing to find out more. (Honestly, it’s pretty interesting.) In this quick read, we look at different types of windows and why they matter, especially [...]
🛠️ Repairs and Maintenance – What Are a Landlord’s Responsibilities? 💣
This two-minute read details a five-point plan to help landlords manage their maintenance responsibilities. There’s no quick fix when it comes to maintenance and repairs; to avoid stressful and costly tenant disputes, landlords need to be organised and proactive. Who is responsible for what? Always check your contract, but as a general rule, landlords are responsible for structural features like walls and chimneys, along with windows, drains, stairs, toilets, showers, pipework, the boiler, and electrics. If the property has a garden, the landlord is responsible for things like lopping tree branches and repairing fences. But it’s a two-way [...]
What Manchester Landlords Need to Know about Ending a Tenancy 👋
This two-minute read looks at why landlords end tenancies and the issues and implications around taking such a step. From toxic tenants to financial friction – there are many reasons why a landlord might want to end a tenancy. These reasons can include: The tenant has breached their contract by missing rent payments, subletting, or trashing the property. Relations between the tenant and landlord have turned toxic. The property is in need of repair, and it would be easier and less disruptive if the property were empty. The landlord wants to live in the property. Financial reasons mean [...]
The Generation Game: What Manchester Tenants Look for in a Property
This three-minute read looks at the changing rental market and what it means for landlords. With the rental market changing enormously over the past decade, savvy landlords need to stay on their toes to make the most of their investment. General trends Since 2010, the sector has almost doubled in size; these days, about 19% of all households rent. Many tenants are renting for longer. Renting is no longer all about young singletons. An increasing number of renters are aged 35 to 44 and have children. Increased red tape: the number of laws relating to landlords has jumped [...]
Four Home Security Tips for Manchester Residents
This two-minute read looks at the best way to protect your home and outsmart burglars. With a raft of high-tech home security gadgets on the market, it’s easier than ever to keep your family, pets, and precious belongings safe. Whether installing a completely new system or tightening up existing security measures, Manchester homeowners have plenty of options to choose from. Smart system There’s an app for everything these days – including home security. A smart system wirelessly links alarms, sensors, and cameras to a hub that you can manage remotely from your phone. Some systems can also [...]
How to Make a Spare Room Work Best for You
We look at what you can do with a spare room to ensure you’re making the most out of it in this two-minute read. Now’s the time to give your spare room some serious thought about how to make the best use of this extra space in your home. Especially after the past 18 months we’ve all experienced, which have changed the way many people use it. Below are seven things you can do to create a room that suits your lifestyle and situation. Home office 🧑💼 – Yes, we know you may already be doing this but have you [...]
Do Landlords in Manchester Need to Set Up Limited Companies?
In this two-minute read, we have a quick look at what you need to consider when becoming a landlord. Before becoming a landlord, you need to consider how you want to buy your rental property. There’s lots of tricky tax stuff to consider and changes to tax relief over the last few years mean that becoming a landlord might not be as profitable as you first think. So, what should you do? Should you buy a rental property in your personal name or via a limited company? Setting up a limited company Since 2016, more private companies [...]
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Are You a Landlord or a Property Investor in Manchester?
In this two-minute read, we look at the differences between landlords and property investors. What’s the difference between a landlord and a property investor? Aren’t they the same thing? Does one rent out properties and the other sell them on? If these questions have got you scratching your head, read on. Long term vs short term Keeping it simple, a landlord makes a regular income from renting properties to tenants. They are responsible for maintenance and managing the property. It’s also likely that they hold onto the property for the long term. A property investor is trickier to define. [...]
How Manchester Residents Can Save on Energy Costs
This two-minute read looks at how to trim down your energy bills. Householders were hit with budget-busting energy price hikes in 2021 – a trend that looks set to continue well into the new year. Here are some ways to claw back some cash on your heating bills and help the environment at the same time. Small steps Individually these measures offer modest gains but put them together, and you’ll notice the benefits. Use energy-efficient light bulbs. Switch off appliances at the socket when you’re not using them. Turn your boiler down by a few degrees. [...]
Sustainable Housing: Three Examples of Old-School Low-Carbon Living
In this two-minute read, we look at three remote communities that have long embraced sustainable living. With the interest raised by the COP26 summit highlighting the desperate need to cut carbon emissions, housing sustainability has become a hot topic. In the UK, there’s been lots of talk about using new technology to help reduce our carbon footprint. Given the average UK household emits 2.7 tonnes of CO2 a year from heating their home*, it certainly makes sense to utilise tech, where we can, to save the planet. But sustainable housing isn’t a new concept; some communities [...]
Whether You’re Buying Or Renting in Manchester, You’ll Regret Not Reading This … Probably
In this two-minute read, we look at avoiding regret when it comes to buying or renting a new home. We’ve all had it – that gnawing sense of buyer’s remorse when we’ve made a purchase. It could be the make of that new car you’ve ordered. Or the colour of that dress that looked good online, but will it have a wow factor when the delivery driver drops it off? Or something as simple as ordering a dish in a restaurant that you suddenly wish you hadn’t as your friend’s requested meal sounds infinitely more appetising. On a more serious [...]
How to Build a Property Portfolio in Manchester
n this two-minute read, we look at the basics of building your portfolio and how to try and make your investment a sound one. Building a property portfolio might sound like a great way to build an additional income, but it can be a tricky area to navigate with lots of pros and cons. Getting started First things first, where is the cash coming from? Have you already got a property and looking to buy a second? Or maybe you’re tentatively dipping your toes into the rental property market for the first time. Whether you’re refinancing an [...]
Seven Ways Manchester Residents Can Avoid Cowboy Builders 🤠
We look at how Manchester homeowners can protect themselves from unscrupulous builders. We’ve all heard the renovation horror stories. The builder who does a runner halfway through a job, leaving a homeowner out of pocket and living in a construction site. The messy contractual dispute that winds up in court and ends in tears. Or the new roof that leaks at the first drop of rain. The good news is that by following a few simple steps, Manchester property owners can avoid getting ripped off. Jonny Greve, an experienced builder who runs the respected construction firm Greve and Son in [...]
Being a Landlord in Manchester: The Risks and How to Avoid Them
Having a rental property can be a great way to earn some extra income. Like anything, there are a variety of things that can go wrong. We break down five of the most common ones. 🏚️ The wrong property Being a landlord means running a business. You’re not buying a property for you to live in. Tenants often have very different expectations when looking for a rental property. Don’t turn down a great opportunity because you wouldn’t like to live in it. 🤼 The wrong tenant(s) Choosing a good tenant is the second most important decision you’ll [...]
Stress-Busting Tips for Property Management in Manchester
In this two-minute read, we show you how to keep calm and in control when letting your Manchester property. The idea that investing in rental property is easy passive income is a myth. Letting and managing rental property can be stressful, especially for inexperienced or accidental landlords. This month sees the championing of Stress Awareness Month; an annual event which recognises the dangers of modern-day stress and provides valuable coping strategies. If you are wading through tenancy treacle, read our top tips to temper your tension. Do your homework Whether it’s a simple credit check or a comprehensive background [...]
