In comparison to 2019 figures, there was a decline of 1.1% in Portsmouth rental fees in 2020. When you consider the wide range of challenges landlords and tenants faced in 2020, it shouldn’t be surprised that there has been a cooling off of rental prices in many popular parts of the UK.
If you are a landlord or a tenant, it is helpful to know what is happening in your local rental market.
When you have this information, it becomes easier to tailor your services in line with what tenants need, which should make it easier for you to connect with tenants.
We think it is vital that landlords are aware of the Debt Respite scheme, which is also referred to as Breathing Space, scheduled to come into effect In May 2021.
If you are a landlord, you need to know your local letting audience, and you need to know who is looking for rental accommodation in your area.
One of the most important tasks for landlords when welcoming a new tenant to their rental accommodation is to ensure they have a proper inventory prepared.
While there has been a shift in what homebuyers think is important when looking for a new home, there has also been a shift in attitudes towards homeownership and renting.
It is helpful for landlords to know who is looking to rent property in their area. When you know who the most likely tenant is, you can tailor your services, and rental property towards these needs.
With another lockdown in place, it is no surprise many people are starting 2021 by evaluating what is important to them. According to research released by the National Residential Landlords Association (NRLA), many landlords are looking to exit the private rental sector.
At MI Home Living, we work hard to support landlords in and around Portsmouth, and the surrounding areas. If you require guidance or assistance, we are here to help. One of the most pressing challenges for landlords this year will come in dealing with energy challenges, and in 2021, boilers will be at the forefront of landlord’s thoughts.