Tim McKibbin’s Post

My latest article in Property118.com In this article, I delve into the reasons why it makes sound business sense for landlords to implement regular rent increases, and how doing so can ultimately benefit tenants as well. https://lnkd.in/egf_DNSB

REAL ESTATE TIP: Screen Tenants Carefully The process of thoroughly evaluating potential renters before approving them for a property. This step is crucial in real estate to ensure that tenants are reliable, financially responsible, and likely to care for the property. The screening process typically involves several key steps: 1. Background Check: Verifying the tenant's criminal history, ensuring they have no major legal issues that could pose a risk to the property or other tenants. 2. Credit Check: Assessing the tenant's credit score and financial history to determine if they are likely to pay rent on time. 3. Rental History: Contacting previous landlords to verify the tenant's rental history, including their reliability in paying rent, how well they maintained the property, and if they had any disputes. 4. Income Verification: Ensuring the tenant's income is sufficient to cover rent and other living expenses, typically requiring proof such as pay stubs or tax returns. 5. References: Checking personal or professional references to gain insight into the tenant's character and reliability. By screening tenants carefully, property owners or managers reduce the risk of late payments, property damage, or legal issues, ensuring a stable and profitable rental experience. #RealEstate #propertymanagement #rent #relationship #RealEstateTips #Rentals #PropertySales

Thinking about becoming a landlord? Check out out latest blog with Citylets for answers to some of our most frequently asked questions. #landlord #property #investment #propertyinvestment #buytolet 

Turning Data to Dollars by Understanding Rent Rolls for Commercial Real Estate For more details, visit: https://lnkd.in/egNi49uJ #rentrolls #commercialrealestate #realestate #duediligence #propertymanagement #riskassessment #leaserenewals #outsourcingservices #magistralconsulting

Take these steps if you need to calculate #rentalproperty cap rates. #realestate

Navigating Late Fees: A Guide to HUD’s Rent Collection Policies Managing rent collection effectively is crucial for any HUD property landlord or property manager. This blog delves into the HUD late fee policy, offering insights on how to implement a transparent and compliant system for imposing late fees. Learn the intricacies of HUD regulations to ensure timely rent payments and maintain financial stability without overstepping legal boundaries. https://lnkd.in/g2-iXCAx

Secure your financial future with UK rental properties. Even in changing markets, rental income can provide a steady stream and help combat rising living costs. Build wealth for you and future generations. Start your journey with our latest blog.  #wealthbuilding #wealthstrategies #rentalincome #passiveincome #landlord #buytolet #investing https://lnkd.in/eDPqsXJS

As a former property manager, I cant help but have an interest on changes in the property world. The Renters' Rights Bill 2024 is making waves and will impact landlords, tenants, and agents in a major way. Probably the biggest change will be the end of Section 21 “no-fault evictions.” This means landlords can't end tenancies without a reason. They will however still have options under Section 8, but with longer four-month notice periods for cases like selling or moving back in. This shift aims to protect renters, but there are pros and cons for both sides. Some worry that stricter rules will lead to landlords pulling out of the market, potentially tightening supply and driving up rents, I have read that there are suggestions this could be by as much as 10% in the next few years. Regardless of where you stand, one thing’s for sure: this Bill is going to have a massive impact on the rental market moving forward.

Are you prepared to look at NYC rent regulations through a lens that transforms obstacles into opportunities? Our latest blog post is packed with insights that reveal how to leverage rent laws to your benefit, enhance your property values, and maximize returns on your investment. From nuanced rent stabilization insights to strategic property management tips, we’ve covered everything you need to dominate in one of the world’s most daunting real estate arenas. Learn the tactics that savvy investors use to navigate and leverage rent regulations for maximum ROI. #NYCRealEstateInvesting #InvestmentInsights #RealEstateGrowth #PropertyInvestment #RentStabilization #NYCProperties #RealEstateEconomics #InvestmentOpportunity #RealEstateLaw #RealEstateNYC #NYCRealEstateTrends #NewYorkRealEstate

Interesting post but is this hysteria? Despite reports of a widespread exodus of landlords, our experience in the property market tells a different story. We're observing a shift where seasoned landlords, particularly those with properties outside of company structures, are navigating the challenges of higher interest rates and significant taxation. Yet, when these properties hit the market, they are swiftly snapped up by a new, tax-efficient generation of investors. Both standard rentals and HMOs continue to deliver solid yields. True, legislation in the property sector can be demanding, but that's simply part of running any successful business. With interest rates adjusting, capital values on the rise, and rental incomes growing steadily, real estate remains a vital component of a well-rounded investment portfolio. #PropertyInvestment #RealEstate #InvestmentOpportunity #BusinessInsight https://lnkd.in/eGZMjutd