JoSe Property

03/05/2023

Do you know where the best property investment hotspots are in your area? I've been into property investment for over a decade and finding your property hots...

28/04/2023

05/03/2023

Important update for any of you running a rent to rent business.

The following is a press release from the NRLA:

COURT RULING ON RENT-TO-RENT COMPANIES:

LANDLORDS are today welcoming a landmark ruling from the Supreme Court which provides vital clarification about the responsibilities of so called ‘rent-to-rent’ companies.

The ruling in the case of Rakusen v Jepsen will have important implications for the private rented sector as a whole.

In the case, the landlord, Mr Rakusen, agreed to let a flat to a rent-to-rent company. The property required a licence, but the company did not apply for one.

As a result of the failure to be licenced, the former tenants of the flat sought a Rent Repayment Order against Mr Rakusen rather than the rent-to-rent company – even though he had not received rent directly from the tenants.

Rent-to-rent companies take over the running of a property for a landlord.

At an initial tribunal it was ruled that the Rent Repayment Order could be applied for against Mr Rakusen. The Court of Appeal however later overturned the decision and ruled in Mr Rakusen’s favour.

Today, the Supreme Court has ruled that where rent-to-rent companies take over the running of a property, they cannot shirk responsibility and expect to leave the landlord to pay for their legal failings.

Ben Beadle, Chief Executive of the National Residential Landlords Association, which intervened in the case in support of responsible landlords, said:

“This case has never been about whether legal obligations should be met, but about who should be responsible for them in rent-to-rent cases.

“We therefore welcome today’s ruling which accepted many of the arguments made by the NRLA and provides important clarity for landlords and tenants alike.

“The ruling makes clear that it is the responsibility of rent-to-rent companies acting as a landlord to ensure that relevant legal requirements are met, since it is they who receive tenants’ rent. It is simply not right that such companies can take money from people without any responsibility for the property they are running.”

**Licensing and all associated legal compliance is the responsibility of the rent to rent company - not the landlord.

Adjust your rent to rent agreements accordingly to ensure you are fully compliant.

05/03/2023

A big decision for PropertyInvestors: Why use a property sourcer to find you a deal?

Often, we hear the words ‘well why pay for a deal when we can find one ourselves’- especially for start up investors. But did you know that....

☑️ Property sourcers have the KNOWLEDGE to be able to find a property deal. They know how to do in depth analysis of key factors such as location and good comparisons to other properties.

☑️ Sourcing specialists who have been working for some time have EXPERIENCE sourcing deals for other clients.

☑️ Having a sourcer on hand guarantees good deals and SAVES YOU TIME better spent elsewhere

We recommend going with a specialist in the industry, or better yet, send us a DM! 🙌

01/03/2023

In 2021, there were 19.3 million families in the UK, which represents a 6.5% increase over the decade from 2011 to 2021.

In 2021, there were 3.0 million lone parent families, which accounts for 15.4% of families in the UK; the proportions ranged from 13.1% in the South East of England to 17.8% in the North East of England.

The number of families that include a couple in a legally registered partnership in the UK has increased by 3.7% in the past decade, to 12.7 million; by comparison, the number of cohabiting couple families saw an increase of 22.9% over the same period, to 3.6 million.

There were an estimated 28.1 million households in the UK in 2021, an increase of 6.3% over the last 10 years.

The number of people living alone in the UK has increased by 8.3% over the last 10 years; in 2021, the proportion of one-person households ranged from 25.8% in London to 36.0% in Scotland.

In 2021, 3.6 million people aged 20 to 34 years were living at home with their parents; this represents 28% of people in this age group, an increase from 24% a decade ago.

28/02/2023

Please be mindful that when a deal is posted a lot of hard work has been done. From commuting, viewing, due diligence, negotiating and packaging a deal. It’s OK to say that you’re interested BUT PLEASE BE INTERESTED WITH INTENT and try not to waste the time of the sourcer that has put in the hard work. I know you initially have to show interest to get more information but I feel that some of you are just playing monopoly!

24/02/2023

Would you like to buy a house but do you think it is an impossible dream?
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