Landlords are being warned to avoid using sites like Gumtree to advertise their properties to let ! “Nightmare Tenants, Slum Landlords” which airs on Channel 5 explores the ever increasing scam attacking landlords who advertise their own rental properties.
Landlords who use letting agents to market their properties can save up to £2,000 each year, primarily from the reduction of expensive void periods, according to a recent poll of over 500 UK landlords conducted by the landlord insurance arm of Endsleigh Insurance.
Landlords are currently risking hundreds of thousands of pounds because the funds are not protected by Client Money Protection (CMP) insurance and are being held by the letting agents in their main bank account.
Smart suits, flashy business cards and a FAKE agency - could you spot a fake agent or are you at risk of losing your hard earned money? Landlords and Tenants alike need to be more aware of what to look for when choosing a letting agent.
Is it that time already ? Now we've put the clocks back you can almost feel the chill in the air and it's a good time to ensure your rental property is ready for winter. From burst pipes to boiler failures, prevention is always better than cure.