Monthly Archives: June 2013

Are estate agents in Bristol starting to smile?

Here at City Rental Services we don’t buy or sell properties in Bristol.

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However, some of our landlords are buying and selling, and generally taking advantage of a strong residential property market across the city.

Tenants can in these circumstances be an asset and give immediate income with assured shorthold tenancy agreements when buying a property in Bristol that also comes with a group of tenants in place and renting.

A recent visit to a BS7-based estate agent confirmed that properties in desirable locations, close to the city in central Bristol postcodes in areas including St Agnes, St Werburghs, St Pauls, Easton and Montpelier are currently achieving their asking prices and selling quickly.

If you’re a landlord in Bristol looking for a Buy To Let property, why not call into see us on Gloucester Road for an informal chat about recent buying and selling experiences.

We’d love to share our property experience with you, and help you to potentially build your property portfolio, and discuss current market conditions.

If you’d like to find out more about our central Bristol lettings agency, please feel free to get in touch here.

Why landlords in Bristol should treat their tenants well

It’s that time of year where all of us here at City Rental Services are in the midst of our Summer changeover – a busy time for all Bristol landlords, student tenants and professional tenants.

Lots of tenants are changing rented properties now, including young professionals, and as experts in dealing within the HMO market in Bristol, we’re used to working with young professionals and sharers of rented accommodation.

One of the areas that isn’t talked about often, but which we feel is really important, is that landlords in Bristol should be treating their tenants well.

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The main reasons that landlords in Bristol should consider this are:

* Student tenants, for example, will be young professional sharers of rented accommodation in the city in the near future, and have already paid substantial rental income for 12 months.

* Tenants that respect their rented properties should also be respected by their landlords.

* Problem tenants are, in our experience, very much in the minority, and whether a tenant is moving out or moving into a rented property, landlords should be treating them well and maintaining a good relationship.

* The student tenants of today will be the doctors, teachers and pilots of tomorrow, and will be looking for rented properties in the future, too.

* When handling the return of rental deposits, landlords should do this fairly and quickly – it’s the decent thing to do after a year of investment performance on your rental portfolio.

* Some student rented accommodation in Bristol, for example, can yield over £35,000 per annum – we believe a landlord has a responsibility to treat these tenants well.

If you’d like to find out more about our central Bristol lettings agency, please feel free to get in touch here.

Where is my rental deposit held for my Bristol rented property?

One of the most common questions we get asked at our central Bristol lettings agency is “Where is my rental deposit held – and why?” and we’re always happy to advise our tenants further on this.

 

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There are currently three main schemes in existence for rental deposits, namely:

 

Deposit Protection Servicewww.depositprotection.com – this scheme is typically used by single-property landlords, who give the rental deposits to the Deposit Protection Service. They retain the monies, and provide a Certificate to the landlord within 30 days with the required prescribed information for the tenant. This scheme is delivered without cost to the landlord.

 

www.mydeposits.co.uk (TDSL) – this scheme is used mainly by landlords with two or more rental properties, who retain the rental deposits, and pay to join the scheme. Landlords pay per deposit held, and register this within the scheme, to obtain a Certificate.

 

TDS – this scheme is run by www.thedisputeservice.co.uk also known as www.tds.gb.com and is effective for property management companies such as our friendly competitor www.city-property-lets.co.uk.

 

The property management company holds the rental deposits for multiple managed and rented properties. The company retains the deposit, and pays an annual fee to TDS based on the number of rental deposits held and Certificates given. Keeping property Inventories here is a key consideration.

But why?

 

These schemes provide a framework for tenants, landlords and agents to operate in – whereby there is protection for all parties.

 

This, in turn, leads to greater attention being given to property inventories, and ultimately provides a fairer system for tenants, too.

 

If you have any queries about our central Bristol letting agency, please feel free to contact us here.