PlanetRent: How we have future-proofing buy-to-let
Mary-Anne Bowring 10/06/2020
2543
The Challenges for Buy-to-Let Investors
The past few years have been tough for buy-to-let investors, with reduced mortgage relief, increased stamp duty, and added regulations. These financial penalties have led to a significant drop in the number of buy-to-let landlords, but challenges go beyond just government interference.
The Rise of Build-to-Rent (BTR) Housing
The Rise of Build-to-Rent (BTR) Housing In response to the UK’s rental housing demand-supply imbalance, institutional investors have poured billions into creating purpose-built rental housing. While still a small fraction of the UK rental market, BTR homes are on the rise, presenting opportunities for steady long-term income streams.
Learning from the Build-to-Rent Sector
Learning from the Build-to-Rent Sector Rather than fearing competition from corporate landlords, buy-to-let investors and agents should consider learning from the BTR sector. A key takeaway is the shift towards treating tenants as customers, which is shaping the future of the rental market.
A Digital-First Approach to Property Management
A Digital-First Approach to Property Management Many BTR landlords have embraced technology to streamline the leasing process. Platforms like Zoopla and Rightmove have simplified property searches, but BTR operators are taking it further by offering customer-facing apps for rent payments, repairs, and community events.
How PlanetRent Revolutionizes Property Management
How PlanetRent Revolutionizes Property Management PlanetRent, a cloud-based platform, offers a seamless way for landlords, agents, and tenants to manage everything remotely. It supports compliance, automates mundane tasks, and reduces void periods by facilitating easy renewals. It also helps agents save time by monitoring deal-flow in real-time.
The Benefits of Embracing Digital Tools for Landlords
The Benefits of Embracing Digital Tools for Landlords Digital tools like PlanetRent replace the need for multiple subscriptions and provide an all-in-one solution. Tenants benefit from transparency and easy access to documents, while landlords and agents ensure compliance and save costs by moving away from traditional methods.
Planetrent Properties
info@planetrent.co.uk
0208 0599 550 (for sales)
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.