Redstones Lettings

Maximising your property portfolio

For landlords, we always advise that a diverse investment portfolio that takes into account your lifestyle requirements, age and risk profile, as well as contrasting which investments are likely to yield the highest returns are central to an effective investment strategy.

Property is a great option for investment, especially when you consider that interest rates are currently far below 1%. The time is now to consider adding property, or further property, to your portfolio.

Diversifying is so important because when it comes to property investment, it makes sense to avoid putting all your eggs in one basket should something unpredictable occur in regards to a particular investment.

There are many factors that will determine what sort of investment is right for you, such as whether you require income or capital growth, long or short term investment or how hands on you want to be. Also, do you want your money back quickly?

Diversifying by location is another way to diversify your property portfolio, although some argue that specialising in certain areas provides greater expertise and better results. Always conduct extensive research and target areas where property prices will grow due to their good location or through new businesses opening in the area.

Of course, risk and affordability is key. If you feel that your investment will become less profitable, always get out when you can.

Another consideration is how hands on you want to be when it comes to property management. At Redstones, your time is precious to us and we take all the hassle out of property management for landlords, whilst helping to advise on your next property investment.

In conclusion, diversifying your property portfolio is certainly an attractive course of action and Redstones are here to help you make your property investment ambitions a reality.

Redstones looking to recruit 20 franchisees for 2017

With more people renting rather than buying homes nowadays, the housing market remains buoyant in the UK, making it a fantastic opportunity for potential new business owners.

Our ambitious growth plans mean that Redstones are now pro-actively searching for 20 franchisees for 2017, to take advantage of the geographical territories on offer. In comparison to our competitors, we offer large territories designed to maximise profitability.

Many new franchisees are impressed by our state-of-the art systems, which enable them to run a full service property agency from an office instead of the high street; significantly reducing overheads. We also pro-actively train new franchisees and support them with marketing and gaining new clients. Our SEO strategy and focus on pay-per-click means that we have developed a massive online presence.

Many other service benefits set us apart from the rest and mean that you can be proud to advocate Redstones to your clients as a franchisee. These benefits include:

  • The very latest 3D floor plans and walk through technology to help vendors sell their property as quickly as possible
  • An online property auction service with 0% commission to attract more sellers
  • Great value and flexibility for landlords through our Redstones Platinum Total Care service
  • The innovative Switch Agent programme to ensure you attract more landlords to your business!

If you like the sound of our great business practices and feel ready to take charge of your career as a franchisee, discover more about the special opportunity on offer.

With low-cost start-up fees, we’re keen to get the best talent on board, whether you’re an existing property professional or have the relevant skills to succeed in the property market.

So, if you’re ready to face the challenges, thrills, satisfactions and great financial rewards a Redstones franchise can offer you in 2017, don’t hesitate to find out more.

Become one of 20 valued Redstones franchisees in 2017.

 

redstones epc

Landlords – be aware of energy efficiency changes

The Energy Efficiency of Private Rented Property in England and Wales Regulations 2015 has introduced several measures that have started to take effect.

In the UK, there are still plenty of naturally inefficient properties. An estimated 343,000 private rented properties have an EPC rating of F or G and there will be a ban on granting new tenancies for any properties with these ratings. This takes effect from April 2018.

This measure will apply to all existing or new tenancies by April 2020 and failure to comply could lead to a fixed penalty of up to £5000.

Manjit Virdi, Redstones’ Managing Director advises, “If you have an F or G rated property, start assessing any potential improvement plans as soon as possible and get that rating increased before April 2018. There are funding initiatives available that could help. We are happy to advise landlords on a personal basis.”

In addition, since April 2016, tenants have the right to request energy improvements to any property they let. Landlords cannot reasonably refuse requests, however, they are not required to contribute funding. If a tenant makes a request, they must identify the source of funding for any proposed works and identify proposed improvements from a government approved list.

If a valid request is received, landlords must respond in writing within 1 month, either consenting to the improvement or refusing consent. This must be backed up with valid reasons and there are only certain grounds on which consent can be refused. Exemptions include if an expert advises that improvement may damage the fabric or structure of the property or if the improvements will result in a reduction in the market value of the property of more than 5%.

Redstones are always on hand to advise landlords on changes in legislation and offer a diverse range of services that reduce the time and stress of being a pro-active landlord. Find out more about our lettings and property management services.