Posted by Megan Krasewitz | Posted in General News | Posted on 19-01-2009
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The Rentright Residential Rental Price Index was used as a statistical resource on a report about renting property in Oxfordshire for the local BBC news. The report focused on the changes in the rental market due to the credit crunch and how this was affecting prices of property to rent. Rentright have statistical data for towns across the whole of the UK that give an insight into how the rental market is changing and the prices of rental property over time.
The RRPI is an important part of the Rentright website and can be used to drill down to find out the rental prices of property to the levels below.
The data has been gathered from all the property upload to the Rentright Rental Property Portal since 2006, the data within the RRPI should be used as a guideline and is not absolute. Prices can vary depending on the location of the property within a town, condition and many other factors.
To take a look at the RRPI just click this link below:-
Rentright Rental Price Index
Posted by Megan Krasewitz | Posted in Tenant Information | Posted on 16-01-2009
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If you are a renter rather than a buyer then one of the keys to choosing a property is being organised. It makes life so much easier if you have everything to hand that you need and when you need it. This is not only true to the case when you are looking to rent out a new property but also when you are in your property as well. Of course there are different things you need when you have moved in to your rental property than when you are looking for a suitable rental property. Within this blog post we will take a look at a few of the important things you need to do before undertaking your property search.
(1) Research the Area
One of the key organisation aspects is to make sure you research carefully where you want to live. There are different requirements which you need to think about such as access to bus routes, shops, schools, trains and motorways so think about what is important to you and note them down.
(2) Research the Market
Take a look at what is available, how much it costs and where it is, from this you will get an idea of what type of property you may be able to afford. Remember the demand for the best properties will be high so if you do see something you like then be sure to act fast or else you may just miss out.
(3) Check Affordability
Carefully consider how much you can afford, this is very important you do not only need to pay the rent each month but you also need to pay council tax, household bills and contents insurance to name just a few. So make sure you do not over stretch your budget and get a rental property you can afford.
These are what can be considered the main areas which should be focused on before you undertake the procedure of renting out a property. Take a look at Rentright for information on renting, property and the RRPI (Residential Rental Price Index) and this will help you through the entire rental process.
Posted by Megan Krasewitz | Posted in Landlord Information | Posted on 08-01-2009
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It always amazes me how many landlords get the simple things incorrect, and I will here post some of the simpler tips that can help everyone, not only Landlords looking to Rent out their investment property but also tools that can be used for sellers to sell there properties.
This is the first in a series of 10 blog posts that will each provide 1 tip for renting or selling a property.
Tip 1 – Painting the walls – Magnolia.
Well to be honest its actually any neutral colour as this will make it easier for your prospective renter of buyer to imagine there own ideas for walls, by having plain walls you are not putting your own tastes onto the property and therefore creating a bank canvas for any interested party.
Posted by Megan Krasewitz | Posted in Landlord Information | Posted on 06-01-2009
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There has always been a debate over which is the best way to rent out your property, on your own or with a letting agent. There are of course pros and cons for any way and it ultimately comes down to what you feel comfortable with or have time for. Many people forget that when you rent out a property you are not just claiming the rent each month, you also have a tenant and a tenant has demands and properties go wrong and require maintenance.
If you do not have the time to dedicate to your rental property then you must choose a local letting agent to take on your property. If you feel you have the time then be prepared to do the job a letting agent undertakes, and this can include the following and more:-
If you do rent out your property then it has to be done as a business, the income generated is taxable and has to be declared to the inland revenue, there are special property insurances that need to be taken on the house and importantly a buy-to-let mortgage has to be taken out with the bank. If you want to take the strain out of renting a property it is advisable to hand over to a letting agent for a small fee they will undertake the complete process for you and this will allow you to focus on buying more rental property to expand the portfolio.
