New free legal advice for tenants to block section 21
evictions
Good news for tenants, disaster for buy to let landlords.
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This comes as a new report states that 250,000 people are
homeless because the council has run out of temporary accommodation.
Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/0yWoU7PbL7M
Another report by the BBC, as many, as 2 million people are
falling behind with their utility bills.
Which bills do you prioritise?
Rightmove report that asking prices of houses are falling
again.
The financial Times reports that UK construction companies
are becoming insolvent at the fastest rate in over 10 years. 4000 building
companies have gone bust in a year as material prices, soar, and construction
slows.
Serviced Accommodation vs Buy-to-Let
Higher interest rates and increase in legislation has forced
many landlords to consider switching to Serviced Accommodation, as opposed to
the traditional buy to let standard AST tenants.
Serviced accommodation offers landlords the opportunity
to increase their after-tax net returns, whilst avoiding many of the pitfalls
linked to traditional buy to let, such as dealing with difficult tenants and
the coming abolition of section 21 ‘no fault’ evictions.
In the past, landlords have been deterred from Serviced Accommodation
due to the additional work involved. Traditional, letting agencies have been
reluctant, or are just not equipped, to manage a Serviced Accommodation
property involving guest turnover, bookings, cleaning, linen and so on.
But now there is a solution.
A new breed of specialist agencies has sprung up to
satisfy this growing market by managing Serviced Accommodation properties at
scale.
Open House South Herts has teamed up with one such agency
that is actively seeking properties in the following areas:
Hertfordshire, Essex, Cambridge, as well as major
metropolitan business areas in England.
They offer landlords a complete hand free full management
service, taking care of bookings, changeover, cleaning and linen. Bookings come
from a number of sources including corporate temporary lets and booking.com to
ensure the 80% occupancy the company aims to achieve.
Landlords benefit from higher net rents and hassle-free
management.
The management company offers agents a generous
introduction fee without having to manage the property.
Serviced Accommodation properties should be furnished and
decorated to a high standard. The company will advise on the recommended specifications.
Landlords will need to inform their mortgage lender and insurer and some
boroughs may require planning consent.
Whilst this may not work for every landlord, the is
growing demand for this service.
If you are a property owner or landlord looking to increase
your rental returns whilst reducing the headache of section 21, and the looming
renters reform act, contact me at SouthHerts@localagent.co.uk
Unlock Financial Freedom: Master the Art of Money
Management in 3 Simple Steps
Discover the keys to prosperous money management that won't
compromise your quality of life.
**Join
the training**: Register
Now
https://us02web.zoom.us/meeting/register/tZUpc-mhpzgrG9xJNvCuCklVcOPpk82yMMKx
In today's challenging economic landscape, where inflation,
higher interest rates, and downturns prevail, there are always those who not
only survive but thrive. What sets them apart?
The answer lies within you.
Your internal economy and mindset have a more profound
impact on your financial success than external events. Recent events have
exposed that many lack the financial resilience to handle unexpected crises
like job loss or mounting bills.
But the good news is, you can take control.
Learn how to master your money in just 28 days, paving the
way to wealth and financial freedom without sacrificing your life's pleasures.
In this free live online training, I will reveal:
- The 3-Step Formula for Successful Money Management
- Strategies to Transform Your Money Mindset
- Techniques to Build Lasting Wealth
About Charles Kelly:
Speaker, Podcaster, Author, Property Investor, Digital
Marketing, Former Immigration Adviser and International Recruiter and Business
Consultant.
Charles has been featured as an expert guest on prestigious
platforms such as BBC News, Radio 5, and more. He is committed to helping
individuals achieve financial freedom through education, effective money
management, and the acquisition of valuable money-making skills.
Don't miss this opportunity to take charge of your financial
future.
**Register
now for this free online training**: Secure Your Spot
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#propertymanagement #servicedaccommodation #lettingagents #section21
#rentalproperty #money #financialfreedom #moneymanagement #tenantrights #buy-to-letproperty
