Articles by Jack Vlasto
What costs can the eviction process include for landlords?
With many costs increasing for landlords, gaining repossession of a property can be no exception. Rentguard, the NRLA’s Legal Expenses and Rent Guarantee Insurance partner, has summarised what’s typically involved in the eviction process and the costs it can incur.
Tips for mitigating the costs of an unoccupied property
Owning a rental property comes with a host of responsibilities, and one often overlooked risk for landlords is leaving a property unoccupied. NRLA landlord insurance partner Gallagher has some top tips on what to look out for to help prevent costly issues from arising.
How likely is it that tenants will go into rent arrears?
There are a number of factors that could cause rent arrears, and an individual’s financial situation could change at any time. This is why having suitable cover in place, such as rent guarantee insurance, can help. You may also request that your tenant nominates a guarantor when signing the tenancy agreement, who can be liable for rent payments if they are missed. NRLA partner Rentguard, gives us an explanation.
At what time of year are landlords’ properties most at risk?
Properties can face different risks at different times of the year. Cold winters could put your property more at risk of damage from storms or burst pipes caused by freezing temperatures. While the summer months could be more of a security risk as properties are left empty by students going home for the summer or other tenants going on holiday. As a Landlord Insurance provider, Gallagher has the following tips on what to look out for in each season to help protect your property.
What do tenants look for in a rented home?
Long-term tenancies reduce the likelihood of void periods that can occur when you’re looking for new tenants. Keeping tenants for longer periods can also allow you to build a rapport with them, which can help make the day-to-day management of your property simpler. But how can you convince reliable tenants to choose you and your property as their long-term landlord and home? NRLA partner, Rentguard has taken a look at what tenants are after in a rented home.
Does your property need improving to meet current standards?
Properly maintaining your property can help you to comply with any relevant legislations. It can even save you money in the long term by helping to avoid issues escalating into more expensive problems. In the event that something does go wrong, it can help to have suitable landlord insurance in place to help cover the costs. NRLA partner, Rentguard explains some proactive investments to help reduce the chance of accidents or damage, as well as helping you stay compliant.
What are the most likely reasons for rent protection to fail?
Rent protection is designed to help landlords with lost rental income. Here, Jack Vlasto, of NRLA insurance partner Rentguard explains more about the different types of rent protection, and which situations they might cover.
What types of property damage can cost landlords the most to fix?
There are a range of costs to consider when managing a rental property, including those associated with maintaining the property. An unexpected accident, emergency or natural disaster can leave you in a tough spot. That’s why having suitable landlord insurance can help keep you covered and offers you a financial safety net. NRLA partner, Rentguard outlines this guide on what can be the most costly damages to properties.
Are rent arrear issues increasing for UK landlords?
As the UK continues to face a cost of living crisis, people across the country are likely to be cutting back on luxuries and other non-essential expenditures. Despite this, between rising energy prices and record-high inflation rates, some people may still be struggling to make ends meet. As a result, there could be an increased risk of tenants being unable to make rent payments, leaving landlords with a loss of income. NRLA Partner, Rentguard, gives us a solution.
What are the most common risks landlords face?
As a landlord, there are a wide range of risks that you might face, whether that’s unreliable tenants, the rising costs associated with rental properties, or maintenance issues and damage within your property. Because of this, protecting your property from financial risks can be vital for managing a smooth and successful rental business. Understanding what to look out for and having suitable landlord insurance can help. Jack Vlasto from NRLA insurance partner, Rentguard tells us more.
