Tag Archives: Bristol landlords

A festive message from our Gloucester Road-based lettings agency

As Christmas approaches here at City Rental Services, we’ve finally got a moment to reflect on 2015. And what a fantastic year it’s been for our Gloucester Road-based lettings agency – now in our 19th year of trading in Bristol.

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More than 600 student tenants have signed up, moved into their new student accommodation in Bristol, and are living their dreams in the city.

There’s no doubt that both UWE and Bristol University are among some of the most prestigious further education institutes in the country, with 1000’s of young adults flocking to Bristol every year: this creates an enormous demand for a place to call home for these student tenants across various BS postcodes every academic year.

Here at City Rental Services we’re proud to say that we’ve let every single room on our books this year, with the rental of a number of properties being completed before the New Year even begins.

Our office is as busy as ever, with our close-knit team of energetic lettings negotiators and property experts not just a year older, but a year wiser.

Enormous amounts of work have been done in the lettings, management, and accounts areas of the business to adapt to the ever-changing needs of our buy-to-let landlords in Bristol.

As time moves on, the requirements of individual landlords and tenants change, and we’ve been quick to accommodate all requests put forward.

Our small team is well-established and holds an enormous wealth of property lettings knowledge between us.

Our systems are continuously improving and our enthusiasm is greater than ever, driving us forward into the challenges due in 2016.

There has never been a better time to be involved in property lettings and property management in Bristol, despite recent Stamp Duty Tax changes – more of that to follow in an upcoming blog post.

This time of year is usually a time to slow down and prepare for festivities, but not this year for our independent letting agency team: a selection of our rented properties in Bristol have already been launched and let.

The increase in business is a sure sign that our Gloucester Road-based lettings agency provides an affordable, efficient, and speedy letting-only service that both tenants and landlords continue to find user-friendly.

The whole team would like to thank you for your continued business and we look forward to working with you in 2016.

If you’re looking for advice on how to manage rented properties in Bristol, or how to find the best rented accommodation for tenants, please call into 58 Gloucester Road to see us – as an independent letting agency in Bristol, we’re here to help.

Property maintenance tips in late Autumn for Bristol property landlords

With Autumn upon us here at City Rental Services, this week our rented property blog in Bristol is all about general maintenance.

tips on rented property maintenance from City Rental Services

Bristol Landlords – a few tips for checking your properties before Winter really sets in.

Our top tips for you are:

  • Clear all guttering and pipes of debris, leaves and rubbish
  • Ensure that all pipework is ready for Winter and won’t freeze – this includes checking the condensate pipes, overflows. and gutters for leaks
  • Remove rubbish from gardens and front of house areas
  • Get the central heating system serviced and make sure your gas safety is up to date
  • Check for any issues in student houses over Christmas holiday period when the house may be empty.
  • Check for condensation and demould, then advise tenants how to minimise condensation and to ventilate the property
  • Regularly put on heating in all properties during Autumn and Winter months during any absences

If you’re looking for advice on how to manage and maintain a property portfolio in Bristol, call into 58 Gloucester Road to see us – as an independent letting agency in Bristol, we’re here to help.

 

Bristol Landlords – are you aware of new rules on tenant evictions?

At City Rental Services we’ve been carefully monitoring a raft or recent legislation affecting Bristol landlords and buy-to-let investors in various BS postcodes.

And the latest series of property sector-related legislation concerns what private property landlords can do around the thorny subject of tenant evictions.

lettings sector insights in Bristol from City Rental Services

The legal changes – which are part of the Deregulation Act 2015 – have been criticised by some buy-to-let landlords in Bristol for choking the average private landlord with mounting rules and regulations to comply with.

The new changes, however, make it more straightforward for Bristol property landlords to evict a tenant where they are legally allowed to do so.

Landlords can face high costs when taking a tenant to court to seek possession of their property – and technicalities and minor errors in applications for section 21 evictions can be thrown out by the court.

Tenancies entered into after 01st October can utilise a newly-produced form from Bristol City Council, designed to reduce mistakes and help save time and money for private landlords – as well as enabling them to get their properties back as soon as possible.

Landlords need to adhere to the new legislation around tenant evictions, particularly around the information which must be provided to tenants before landlords can serve the new Section 21 form and guidance notes.

To find out more, Bristol landlords should contact Julie Norris, Landlord Liasion Officer at Bristol City Council, on Julie.norris@bristol.gov.uk.

To find out more about our letting agency services in Bristol, simply call into 58 Gloucester Road to see us.

Bristol landlords! Why choose CRS to rent your property for you?

This is a question we often answer at City Rental Services and as we work in partnership with a number of rented property landlords in Bristol, it’s worth discussing further on our letting agency blog in detail.

advice for rented property landlords in Bristol from City Rental Services

We all know Bristol’s buzzing is indeed are its lettings, and Bristol is an incredibly successful and popular city.

It’s relatively easy to rent a property quickly in various BS postcodes, but how do you choose the tenants who can really afford to pay the required rent, care for the property, stay a reasonable length of time, and respect your property?

For our one-off charge of £414 including VAT, you get so much more at CRS than just the provision of a tenant. Our letting agency services in Bristol include:

* Comprehensive in depth knowledge of the property market

* Modern speedy and effective systems from our Gloucester Road office

* Access to a range of tried-and-tested contractors in Bristol

* A rapid accountancy turnaround service from our team

* We try and go the extra mile to ensure that our landlords are very satisfied with our services

* A useful filter for issues between tenant and landlord

To find out more about our letting agency services in Bristol, simply call into 58 Gloucester Road to see us.

What do the Election results mean for landlords and letting agents in Bristol?

Here at City Rental Services we’re heaving a big sigh of relief and hoping that the new Government will leave us alone – or, at least, leave us alone for a while.

election result overview and impact on Bristol landlords and letting agents from City Rental Services on Gloucester Road

The Election results will hopefully mean – at least for the foreseeable future – that the threatened swing to anti-landlord legislation, rent controls, compulsory long-term tenancies and more will be avoided.

There’s a useful overview here of what the Election results will mean for landlords and letting agents in Bristol and across the wider UK under the new Government.

The Tories are supporting all house-building including social, owner occupation and private renting – so it will be interesting to see how this unfolds for landlords and letting agents across various BS postcodes in 2015.

Some of the Conservative post-election property pledges include:

* Build 100,000 new homes

* Right to Rent immigration checks rolled out nationally

* No housing benefit for 18-21 year olds

Find out more here – useful for landlords and letting agents alike.

To find out more about our expert opinion on the state of the rented property sector in Bristol, get in touch today: simply call into 58 Gloucester Road to see us.

How Bristol landlords can maximise their property rental return

With a month of focusing our rented property blog on advice and tips for Bristol landlords, at City Rental Services, we found a report from the National Landlords Association (NLA) with statistics highlighting that only a quarter of small landlords break even or even make a loss on their rented property portfolios.

central Bristol lettings agency

According to the NLA report, 27% of landlords in the UK who let out a single property break even or run at a loss.

The NLA findings also claim that 19% of landlords who let out between two and four rented properties just break even on their property portfolios.

Carolyn Uphill, Chairman of the NLA, commented:

“With proper planning and financial protection in place many could turn a failing business into a success, and we’re urging landlords to explore the range of support the NLA can offer to help run a successful and profitable business.”

In our experience as a leading independent letting agency in central Bristol, it’s critical for rented property landlords in BS postcodes to ensure that rents are paid, providing good communication to all tenants, and making sure that re-lets happen quickly and efficiently.

How efficient are you as a rented property landlord in Bristol?

We’re happy to provide advice to new rented property landlords at our Gloucester Road-based office, so pop into see us this Autumn.

If you’re looking for advice on how to rent properties in Bristol, call in to 58 Gloucester Road to see us.

How to be a good rented property landlord in Bristol

We came across an interesting article at City Rental Services recently from the property letting information portal Landlord Zone, discussing the profile of an average UK landlord.

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According to the article which discusses research undertaken, the average landlord:

* Earns nearly £60,000 per year – more than twice the national annual average

* Owns a property portfolio of between 8 and 9 homes worth around £1.2 million

* 66% rely on buy-to-let mortgages to finance their business

* Earns an average return on investment of between 6.2% and 6.7%

* Has no business structure in place for exiting the market or managing finances

* Has a positive outlook about the ongoing prosperity of the buy-to-let sector

We found this interesting, because in our experience of the rented property sector in Bristol, being a good landlord is about more than the cash return.

Decent landlords in BS postcodes also need to deal with tenants respectfully, professionally, and with due diligence and a care of duty – it’s critical to remember that a landlord or landlady is taking on responsibility for a business that provides homes for people.

Some of the responsibilities of being a good landlord in Bristol include –

* Having the ability to care for tenants

* Understanding complex legal structures around tenancy agreements

* Health & Safety issues and legislation

* Taxation and accounting requirements

* Environmental health liabilities

* Maintenance and proper provision of rented accommodation

And the list goes on.

Bristol is a thriving city, with very little rented accommodation available. Prospective landlords in the city need to research the market and not be drawn into false promises and generated statistics.

We have more than 20 years’ experience in Bristol’s rented property sector, and are able to offer impartial advice about the important questions around the buy-to-let market in various popular BS postcodes.

If you’d like to find out more about our central Bristol letting agency pop into see our expert lettings negotiators on Gloucester Road for an informal chat today.

Top tips for Bristol landlords to reduce tenant eviction stresses

At City Rental Services, we came across a report from the BBC concerning an alarming increase in tenant eviction numbers in the UK – and thought this topic was worth a closer look, especially for any Bristol landlords dealing with tenant eviction issues.

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According to the BBC report, 37,738 private and public sector tenants had their homes repossessed by court bailiffs in 2013, according to figures from the Ministry of Justice – this represents the highest number since records began in 2000.

And in cases involving court action, 12,147 tenants had to hand back home keys between October and December of last year.

Our top three tips for Bristol landlords to reduce tenant eviction stresses are:

* Remember the landlord’s duty of care – this is not only to let the rented property and collect rental incomes, but also to check rental incomes regularly, especially if you’re a letting-only portfolio landlord with HMOs.

* Don’t let rental debts build up – discuss it straight away with tenants, and make sure that communication with tenants is good from the start of the tenancy Agreement.

* Communicate through the right channels, and ensure that you have contact details for all tenants in a rented property, not just a single point of contact. This information should be gained at the start of the tenancy Agreement.

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

Bristol landlords – are you committing fraud against your mortgage lender?

We came across an interesting article at City Rental Services from the Sunday Times, highlighting how failure to read the small print in his home load deal landed one landlord borrower on a national fraud database.

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Landlords in Bristol should be aware that homeowners who let their properties without informing their mortgage lenders can be hit with heavy financial penalties and even being reported for fraud.

Your lender will usually permit the letting of a property, but permission has to be given prior to the commencement of any tenancy. If you don’t, they could claim a breach of residential mortgage terms and conditions.

It’s critical to ensure that as a new landlord in Bristol you’re ready to rent your property, and have all legal matters in hand: property management looks simple at first, but there are stringent rules and legislation in place.

Why not contact CRS for a few simple guidelines on the whys and wherefores of how to prepare you and your property prior to entering the letting market.

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

Are you attending this year’s Landlord Expo event in Bristol?

At City Rental Services, we’re getting ready for the upcoming rented property event of the year in Bristol – the Landlord Expo 2014.

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Held at the Exhibition & Conference Centre of UWE, the Expo includes a wealth of industry information, free parking, free refreshments and free seminars.

The management team at CRS will be attending and enjoying the networking and are hoping to see some of our Bristol landlords there, too.

Entry is also free, so visit here for further details.

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