Dimension Property » Rent Property

How to Reduce Apartment Rental Expenses

admin — Sun, 21 Feb 2010 07:46:29 +0000

If you are like most people you don’t have money to blow on most things, especially this day and age, so you will want to be sure you try to do all you can to save on rent as well. The more you can save on rent, the more you will have to spend on other things and this is always a good idea.

One way to reduce the costs of rent is to get a roommate, they will be able to help you reduce a lot of your rent expense and you may want to consider taking the time to think about getting a roommate for certain.
If you want to make sure you are truly cutting down the costs of your rent, this will very likely be one of the best ways to trim costs significantly and really allow you to get the most out of saving money on low income apartments.

Many people tend to save on other expenses as well when it comes to getting a roommate and they are certainly a great find as well to help reduce many other life expenses. They can save on utilities as well as other things you may be able to share as well.

It can be a real good idea to be certain you save as much money as you can when it comes to section 8 apartments, it can make a huge difference in many ways, so do all you can to try and reduce rental expenses and you will ultimately be very glad you did. Money saved on rent can certainly lead to putting it in other places and this is always a great idea for anyone that is renting and looking for ways to save money as most of us are.
How to Reduce Apartment Rental Expenses

Make Money Renting Property To Businesses

admin — Sat, 26 Dec 2009 02:49:05 +0000

If you’ve got money to invest in property, there’s more than one option open to you.

You mostly hear about people buying a house, doing it up and then selling it on or renting it out.

But you could also do the same with property abroad. Or an increasingly popular way to make money is by renting property to businesses.

New research by lenders Mortgage Trust shows more than one in four landlords are looking to get into corporate rents, which includes commercial buildings as well as leasing domestic properties to executives who have moved from other parts of the UK.

At the start of 2007, that figure was just 14 per cent according to its research. Now it stands at 27%.

Much of this growing interest is because you can make more money renting property in this way, especially if you can afford to buy a commercial building.

Businesses tend to demand high standards. And if you can provide, they will pay handsomely for it.

On top of higher rents, a company is much more likely to stay in a building for a longer period of time. If you think how much hassle it is for you to move house, it’s ten times the pain for a business.

When your tenant does move, they are less likely to do a runner than people renting property might do, leaving you with a mess to sort out. This is true for domestic as well as commercial rents. And businesses are more likely to put the building back to the state it was when they moved in.

Some landlords hope that down the line they can sell their investment property to the tenants.

If you are interested in buying a commercial building as an investment, you need to approach it a little differently to when you are renting property domestically.

First off you must look very carefully at the location of your potential investment, and consider the type of business that might rent it from you.

Companies that use warehousing will need excellent transport links, plus lots of cheap space. Whereas a business that has lots of staff and clients visiting the premises will be more interested in a smart looking building and plenty of parking spaces.

The trick is to find a balance between the likely cost of the premises, the features of the building and the location.

Next up you should look at the infrastructure on offer. A building will have more appeal if it has modern network cabling in place, plus a good security system. The building should already have smoke detectors and other safety features such as fire extinguishers, as these are required by law.

One smart tip that will help you maximize your profits from renting property to businesses is to look at how you can make better use of the space you have bought. For example, if you have a tall building, could you install a mezzanine floor to double the floor space available?

Is there wasted space in the loft or associated outbuildings that can be converted? The more floor space you have, the more monthly rent you will get.

It will be harder to do this work if you buy the building with tenants already in. If the building is empty it will be easier, plus you can throw the cost of improvements into any borrowing you are doing to fund the purchase price.

Finally, before you shell out for your building, find a commercial estate agent you trust to work with you as a partner. Not only will they offer plenty of advice on the best way to get a good monthly income from the building, but they may act as a property finder for other businesses – matching renters with tenants.

This could be a powerful weapon for you in marketing your new commercial building, and getting tenants renting property quickly.

Renting Property in Ireland

hanun — Mon, 12 Oct 2009 10:39:58 +0000

Renting Property in Ireland

Landlords in Ireland have the following Rights:

To decide the rent amount payable by the tenant, bearing in mind that the rent charged cannot exceed the current market rate, to receive the agreed rental payment on the date specified in the rental agreement and landlords are allowed to review the rent on an annual basis. The exact details of this should be clearly stated in the rental agreement.

Landlords are also allowed to terminate a tenancy without supplying a reason within the first six months of the tenancy, to be kept informed regarding the person normally resident in the property and be the final arbitrator regarding potential sub-letting.

Also, Irish landlords are entitled to be kept informed of any and all repairs and normal maintenance required on the property and to be given, reasonable access to resolve outstanding maintenance issues.

Landlords are obliged to register the tenancy with the Private Residential Tenancies Board, which now replaces the courts regarding resolution of tenancy disputes and they must supply tenants with either a rent book or a clear statement of rent paid.

Landlords do not have the right, without permission from their tenants, to enter or occupy property covered under a rental agreement. They cannot take property or personal items belonging to the tenant in lieu of outstanding rent or deposits.

To avoid landlord/tenant disputes, landlords should provide tenants with a detailed list of the contents of the house and agreement should be reached as to the condition of the house before the new tenants move in.

Landlords may have to compromise between including enough furniture to enable their property to appear comfortable and ready for immediate occupation, whilst as the same time avoid filling up what may well be a relatively small living area.

Landlords must be prepared to accept a certain amount of unavoidable normal wear and tear in the furnishings and fittings of the house, especially if they are lucky enough to have their property continuously rented out. Tenants, for their part, will need to understand that, in order to present the house properly, the landlord may provide them with items of furniture that should be treated properly.