Preparing for the Future – Strategic Training on the Renters’ Rights Bill
The landscape of the private rented sector is on the brink of significant transformation with the imminent introduction of the Renters’ Rights Bill. As a professional letting agent, ensuring compliance, maintaining operational efficiency, and staying ahead of regulatory changes is crucial for business longevity and reputation.
At the Guild of Letting & Management, we understand the complexities of legislative reform and the direct impact it has on your business. That’s why we have developed a suite of specialised training, strategic planning services, and membership benefits tailored specifically for letting agents.
Our goal is simple – to equip you with the knowledge, confidence, and tools to thrive in the evolving rental market.
The Importance of Creating a Strong Audit Trail
Over the last 2 years, we have conducted a significant number of audits. The audits are not finance related, the focus is on compliance on 2 levels - Compliance of the letting agency and compliance related to process and systems. Our desktop audits are conducted to ensure that GLM members are complying with membership criteria and relevant statutory requirements.
We have been asked by clients to audit their property portfolio to ensure compliance, to prepare for the sale of their business or to invest in other agencies; most recently we have been involved in auditing agencies being acquired.
Prepare for Spring 2021
Our free Webinar on 3rd February 2021 will focus on some key changes for Letting Agents and Landlords, as well as some updates in relation to electrical safety, CMP and EPCs.
Register online at - guildofletting.com
Boiler Safety and Maintenance Tips Landlords need to know
One of the pitfalls of being a landlord is the hidden costs that can spring up at any given time.
Some, you simply cannot plan for. For instance, a broken-down boiler can occur without warning, and that is a major strain on finances. Simple repairs might not cover the extent of the problem and if you need to replace an appliance, then it is going to be a four-figure sum as a bare minimum. Property Reporter claims that the average cost of repairing a boiler is 60% more than an average month’s rent in the UK. As a landlord, that is a big hit to take.
Aside from the financial obligation, you also have a responsibility to your tenant to ensure their well-being, and the heating system is your responsibility. A poorly maintained boiler can cause untold problems for a tenant, which includes gas leaks, fires, explosions and carbon monoxide (CO) poisoning, as we explained in our article Gas Safety Week: Fighting for a Gas Safe Nation. Luckily, there are some basic maintenance tips you can take that will help prevent major catastrophe at an intrusive time for both you, and your tenant.