Buy-to-let landlords must take tenant affordability into account

While demand for rental property remains strong, landlords always have to be mindful of tenants’ ability to pay higher prices, according to the Scottish Housing Regulator. Returns achieved by landlords in Scotland remain highly competitive when compared to other asset classes, the latest figures show. The average monthly rent in Scotland hit £574 in September, the latest data from Your Move Scotland reveals. However, with rental price inflation running ahead of general inflation as measured by the consumer price index, …

Top tips to maintaining a good relationship with your tenant!

Maintaining a good relationship with your tenant is key to successfully letting out your property. A happy tenant is more likely to become a long-term tenant who looks after your property or a tenant who refers other tenants to you. Therefore it is a smart business move to ensure you have a good relationship with your tenant. Here are some tips you can take to make it happen: Go through the conditions of the contract making it clear what the …

What to do if you are unhappy with your letting agent?

For Sale, To Let, and Sold signs on lower facade of apartment building

There are many reasons why you might be unhappy with your letting agent, these might arise from the type of tenant your letting agent found you or not managing the property in the way promised. As most letting agents charge a fee for managing the property, this can of course lead to you feeling angry and upset. However, remember to take a step back and deal with the situation in the right way. Here are some steps you can take …