Landlord Newsletter November 2015


Welcome to the Hunters Landlord Newsletter,

Our newsletter will bring you relevant information to make sure you're at the top of your game. 

In this edition we are giving you information on the dreaded void period and how we manage our stock, details of our Residential Block Management service and we discuss the increased pressure on private landlords as reported by Citizens Advice. 

We hope you enjoy the read!



Worried about the dreaded void period?

A recent analysis of figures carried out on Hunters Lettings management stock shows that our average void period from a tenant vacating a property to tenant occupancy has decreased from 11 days last year to a comfortable 7*!

A mere 7 days of council tax to pay – surely this is a good sign for your property investment?
With this in mind have you thought about increasing your property portfolio?
When was the last time you reviewed your pension? (If over 55 years of age)

As a national estate agency brand we are in the enviable position of having access to a large database of properties from our growing network of over 150 independently owned branches throughout the country. This gives us a prime advantage and enables us to hand pick properties that offer good yields and strong capital growth for keen investors in prime locations when rental demand is high.

Why not take advantage of this service and get in touch?

You can simply email buytolet@hunters.com to subscribe to our growing database so that you are kept up to date with new opportunities as and when they are launched. Alternatively call Maryam Bham on 07808 329157 for a free no obligation consultation.

Here are some great examples of properties we have available!

Redmires Court, Manchester
&90,000
Rental potential - &575 PCM
Gross yield – 7.7%


 
Fresh building, Manchester
&129,950
Rental potential – &750 PCM
Gross yield – 6.9%

 

Capital Quarter, West Point, Leeds
&71,995
Rental potential &475 PCM
Gross yield – 8%

 

Clarence House, Clarence Dock, Leeds
&115,000
Rental potential &625 PCM
Gross yield – 6.5%

 

10 Baines House, 2A Chletenham Mount, Harrogate
&109,950
Rental potential - &675 PCM
Gross yield: 7.3%

 

17 Regent Terrace, Harrogate
&170,000
Rental: &675 PCM
Yield – 5%

*data from realcube HPG offices (Leeds, Manchester, York, Harrogate, Wetherby, Easingwold) 01/08 – 28/09 2014 and 2015



Apartment Block Management comes to Hunters

Mindful that many of our Landlords have a portfolio of apartments, Hunters are now able to offer you a Block Management solution. So whether your portfolio is Let by Hunters or not we can still help.

Question: Do you find your Service Charge too high, is it cutting into your margin too much?
Solution = Simply send us a copy of your Service Charge budget to see if we can be competitive. Email it to blockmanagement@hunters.com

Question: Do you find the condition of the Communal Areas is affecting your Maximum Achievable Rent?
Solution = Forward us the block address, access details and we will carry out an assessment for you. 

Question: Is the Asset Value of your Apartment being eroded by an incompetent block managing agent?
Solution = Send us an email with the basic details and we will respond with our plan of action.

This is a wonderful opportunity to bring together all three disciplines under one roof: Rentals, Sales and now APARTMENT BLOCK MANAGEMENT

Email: blockmanagement@hunters.com



Pressure increasing on private landlords

A recent report from Citizens Advice is causing a stir amongst the private housing sector with figures showing the number of dangerous homes that are privately rented is estimated as nearly 3 times as many as in the social sector.

What does this mean to you as a landlord? There is now more pressure than ever on landlords to ensure your properties are fit for purpose and complying with ever changing regulations. For example the new legislation launched on 1st October 2015 regarding smoke alarms and carbon monoxide detectors, with non-compliance resulting in fines of up to &5000.

Several organisations such as Citizens Advice are pushing for councils to take more action; like setting up local licensing schemes, and on a wider scale pushing for schemes like a national landlord’s register.

This may all seem conjectural at present but with recently introduced laws aimed at combating Legionnaires Disease and the ever increasing likelihood more stringent electrical safety testing requirements (as in Scotland as of 1st December 2015) legislation is definitely moving more and more towards ensuring the safety of tenants and cracking down on ‘cowboy landlords’.

Citizens Advice says 740,000 households in England live in unsafe private rental homes.

So how can Hunters Help? We understand you want to do your best to look after your property and tenants, but do also have a life outside of being a model landlord. To make things more stress free we are not only on hand to deal with emergency issues but also all the minor problems in between. In addition to arranging the repairs for these faults, our experienced agents also work pro-actively in order to maintain the market leading care we offer for your property.




Categories