New, views and memorable moments from the frontline of video inventorying
In many ways it was disheartening to read this article about the latest research showing a minority of landlords who are still not returning a tenants deposit with a genuine reason.
Always good advice about getting an inventory in writing before you move in, but we know that time and time again you can’t argue with visual proof.
Continuing with the student accommodation theme (well it must be all those annoying Back to School offers we’re inundated with at the moment on TV and in newspapers!) this article was interesting, highlighting the increases in rent for student properties which are well above inflation.
Apparently it’s all due to the fact that property owners in the buy-to-let market are finding mortgages more expensive – and these costs are being passed on to the students.
As a landlord, if it’s costing you more to buy the property shouldn’t you also be making sure that your tenants look after it?
Recent reports suggest that the UK is facing a severe housing shortage, with not enough rental property to meet demand. The Association of Residential Letting Agents carried out research which showed that both agencies and landlords believe the situation is near crisis point.
We think that if demand continues to outstrip supply then quite simply, rents will rise. That will be good news for landlords but it also offers a prime opportunity for businesses such as ours to flourish – because they should be more willing to invest in a high quality inventory.