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How much more can rents rise?

It's been one of the features of the past year: rents in the private residential sector have been rising pretty much all over the country. In London, some commentators say that rents have risen about 20% in the past year. The average rent paid across the UK has now topped £700 for the first time. Average monthly rents in London are now a staggering £1000. One significant cause of these... Read more

Posted by Dan @ Upad on August 4th, 2011 in Finding Tenants, Property Rental, Tips for New Landlords

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Ask Upad: I like my tenants, should I lower the rent to keep them?

Q: I have had a couple of great tenants for two years. They are clean and tidy and always pay the rent on time. They are also very nice people and have never been a problem. In the past, I’ve had problem tenants and know what a hassle it is. My tenants, however, have had a change in circumstances and can no longer afford the rent. They want to move somewhere a bit cheaper. I am... Read more

Posted by Dan @ Upad on March 8th, 2011 in Ask Upad, Rental Advertising

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Ask Upad: My tenant can’t provide a previous landlord’s reference, is that a problem?

There are all manner of things that a landlord can reasonably ask for when they’re interviewing and screening a potential tenant. That could be proof of identity using a passport or the like, bank and work references, credit scoring, recommendation from previous landlords and even personal character references. Your aim is get the information you need to make a judgment on whether the person is... Read more

Posted by Dan @ Upad on September 3rd, 2010 in Ask Upad, Finding Tenants, Tips for New Landlords