Why do landlords use a Letting Agent?

Landlords have been having a hard time over the last few years with increasing regulations and with the impending introduction of rent controls. Increasingly, landlords are turning to letting agents to help them through this.

According to a recent Rightmove survey, landlords’ top priorities were:

·        Having reliable tenants and avoiding void periods

·        Ensuring properties are well-maintained and in good condition

·        Staying compliant with regulations and legal requirements

The main reasons landlords gave for using an agent were:

·        They do not want the hassle and stress of managing it themselves.

·        They want to ensure they are compliant with regulations and legislation

·        Agents have the expertise to do it well, achieve best rents and good tenants.

The survey found that Landlords who use an agent are 15% more likely to review their rent annually and are 9% less likely to experience rental arrears.

At Douglas Dickson we have over 30 years experience of helping landlords manager their rental properties in the Glasgow area.

We know keeping up to date with what is going on can be challenging and time consuming.  With our professionally qualified staff, we will ensure you comply with the latest regulations.  With our expert market knowledge, we ensure you achieve the best rents and our tenant vetting enables us to secure reliable tenants.

We will help you increase your profitability and remove the stress from managing it yourself.

If you would like us to review the current market rent for your property, contact us on 0141 221 1827.

New Energy Performance regulations for Scotland

The Scottish government has announced plans to introduce new Energy Performance regulations in the Scottish Parliament during 2025 to come into force in 2026.

These reforms include:

·       adopting a new Energy Performance Certificate (EPC) rating system for domestic buildings, which will give clearer information on the fabric energy efficiency of a property; the emissions, efficiency and running costs of its heating system; and the cost of energy to run the home to standardised conditions;

·       adopting a redesigned EPC certificate;

·      reduction of the validity period of EPCs from 10 to five years to ensure consumers have more up-to-date information.

The government still intends to introduce another piece of legislation this year; a Heat in Buildings Bill, which is expected to introduce the following requirements:

-    for private rented sector properties to meet a minimum energy efficiency standard by 2028 (owner-occupied properties will need to meet the same standard by 2033);

-    for properties in all tenures to have ended their use of polluting heating by 2045.

If you are thinking of refurbishing your property you should consider these proposals and try and include them in your works.  We can help you.  Contact us if you would like further details.