Property Report Management Services (PRMS)

Landlords may be having jitters about investing in new properties ahead of potential Capital Gains Tax rate hikes and new EPC regulations. https://lnkd.in/esqdy6H9

🚨WARNING: Avoid Franchise Property Inventory Providers! Franchise property inventory providers are jeopardising your business! Here’s why: 1. Inconsistent Quality: 🛠️ Franchise providers often employ inexperienced staff, leading to unreliable and inaccurate reports. 2. Hidden Costs: 💸 Beware of surprise fees and escalating charges that eat into your profits. 3. Poor Accountability: 🕵️ Franchises can lack proper oversight, resulting in negligence and errors. 4. Impersonal Service: 🤖 Franchise providers treat you like just another number, not giving the personalised attention your properties deserve. 5. Risk of Fraud: ⚠️ Increased risk of mismanagement and fraudulent activities can result in costly disputes and legal battles. Protect your investments and reputation by choosing PRMS, an accredited independent provider known for quality and personalised service! 🏡🔒 #PropertyManagement #Landlords #LettingAgents #RealEstate #BusinessWarning #AvoidFranchises #ChooseIndependent #PRMS #PropertyInventory #PropertyInventories

Making property inventories a breeze with our integration to Reapit Software! 🤝 Sync all your property details seamlessly across both our systems. No more mismatched info - just accurate, up-to-date inventories every time. Streamlining efficiency for the win! 🥇 #PropertyManagement #PropertyInventory #ReapitIntegration #SeamlessSync #PropTechIntegration #AccurateInventories #PropertyData #ConnectedSystems #RealEstateTools #InventoryEfficiency #PropertyInventories #PropertyInventoryClerks #LettingAgent #LettingAgentsUK #LettingAgentToday

A national newspaper says the Renters Reform Bill is “on the brink of collapse” as Tory MPs are divided on their views of the measure. #fairrenting #tenantrights #lettingagents #ukpolitics #rentersreformbill #housingcrisis #nofaultevictions #rentreform #generationrent

The past year has proven to be a historic period for rental rates, with London emerging as the epicentre of remarkable growth, as reported by the lettings agency Hamptons. According to Hamptons’ analysis, the average rent in London surged to £2,425 per month, reflecting an 11.8% increase, or an additional £255 per month, compared to November 2022. Consequently, tenants in the capital collectively contributed a record-breaking £32.1 billion in rent for the year, surpassing the figures of £28.7 billion in 2022 and £17.5 billion a decade ago. Remarkably, London’s total rent bill now eclipses the combined bills of the North of England, Midlands, Wales, and Scotland. The driving force behind rental growth in London remains Inner London, where rents for new tenancies increased by 13.2% last month. Beyond the capital, the Midlands experienced a notable shift, surpassing Scotland to become the second-fastest-growing region for rental rates, with a 10.9% year-on-year increase. While the rental growth momentum across Great Britain has slightly subsided from its peak of 12.0% in August, seven out of the eleven regions witnessed a slowdown in the pace of rental growth last month. Scotland and the South East observed the most significant monthly deceleration. Nevertheless, rental growth, although not as sharp as anticipated given escalating landlord costs and a shortage of available rental properties, continues to persist. Hamptons predicts that the total rental expenditure by tenants in Great Britain for the year will reach £85.6 billion, more than double the 2010 level and 10% higher than in 2022. The agency emphasizes that the substantial double-digit growth in rental rates over the past year has led to an unprecedented annual increase of £8 billion, elevating the total rent bill to £77.6 billion in 2022, marking the most substantial annual jump on record. The current total rent bill is now more than double the £40.3 billion recorded in 2010. This increase is attributed in part to a 25% growth, equivalent to 1.1 million households, in the number of rented properties over the past decade, coupled with rising rental prices. In November, the average rent for newly leased homes in Great Britain reached £1,348 per month, a 10.2% increase or £125 per month from the same month last year. This marks the seventh consecutive double-digit rise over the past 12 months and represents the most robust annual growth rate recorded in any November since Hamptons began keeping records in 2014.