RentPro Blog

Rents rose for the first time in three months in April, according to LSL Property Services – a measure the housing minister Grant Shapps has been using to demonstrate that rents in the private sector have been falling.

LSL’s buy-to-let index also showed that in April 9.9% of all rent was late or unpaid, up from 8.7% in March.

The index shows that the average rent in England and Wales rose by 0.5% to £709 per month. Despite the monthly rise, the rate of annual increase steadied with rents 2.4% higher than a year ago, compared to 2.7% in March.

Read the full story at 24dash.com

RentPro property management software allows you to easily manage any rental arrears by alerting you as soon as they occur.

Rents may have rose, but rental arrears also remained high, and with the forecast of more sever job losses this year more landlords could be see arrears

In January, the average rent in England and Wales increased by 0.1% to £712 per month, the first time since LSL began compiling the index that rents have risen on a monthly basis in January, and the first monthly rise in three months. As a result, annual rental inflation increased to 4.3% from 4% in December, representing £30 rise in the average monthly rent by in the past year.   Continue reading »

Great tips to help any new to the market buy-to-let landlords, especially with using an agent as a “reputable middle man”

Buy-to-let investments can prove an atractive way to supplement pension income and make good shortfalls caused by recent stock market shocksand dismal returns from banks and building societies. Continue reading »

ARLA suggests the market may be softening due to a drop in demand for rental property, whilst LSL Property Service suggest the demand is still there and will not go anywhere soon due to the un-easing of the ability for first time buyers to secure mortgages.  Both however did agree that there was an increase in the number of tenant struggling to pay their rent.

Buy to let experts are transmitting mixed messages about the state of the market in two new surveys.  Continue reading »

Rising residential property rents in the UK could increase the amount of arrears that private landlords will experience in 2012, it is claimed.

Soaring rents in 2011 have pushed up the number of tenants in severe arrears by 18% annually to the highest level since the third quarter of 2008 and the numbers of court orders to evict tenants are up 11% in the last year as landlords take a tougher stance. Continue reading »