Landlord online presentation Dec 2016

Private rental reforms – why, what, impact?

A presentation for Landlords, Dec 2016.

Carla Keegans, Directorwww.ethicallettingsagency.co.uk

• WHY REFORMS?• WHAT REFORMS?• MORE TO COME?• ARE SMALL/ER LANDLORDS BEING PUSHED OUT?• YOUR SURVIVAL

WE’RE DIFFERENT WE’RE ETHICAL WE’RE EXPERTS

IN THIS PRESENTATION


Bear in mind through-out!

If you stay the same, you will lose money


Firstly, we speak from a position of knowledge and experience!

Founding Director, Carla Keegans,CAREER – THE EARLY YEARS!


CAREER – THE LATER YEARS!


ACADEMICALLY AND PROFESSIONALLY QUALIFIED MSc, MCIH


WHWHY RENTAL REFORMS?WHY REFORMS?

Government focus; taxation, and safeguarding people and public money


WHY REFORMS?

MASSIVE POLITICAL PRESSURES National housing shortage. Some constituencies will have more

renters than owners by 2020 – pressure on individual MPs.

Protecting public money, and more vulnerable people and families in the sector.

London has 50%+ renters. London ends up affecting rest of country.

Rising HB* £ bill

Declining home ownership

Declining social rent

London!

Taxation

Rising Homelessness & vulnerability

MP’s & Govt.

* Housing Benefit


These pressures lead to reforms

Recent reforms: Pressures:

HB £ bill

Homelessness & families

Taxation

London!



HB £ cuts

1st Oct changes

1st Oct changes & 2016 Act

Oct 2015 legal changes

& 2016 Act

Tax changes 2016

Public subsidies:

starter homes


HOMELESSNESS AND POVERTYWHY REFORMS?

Due to the rising levels through-out the country, there is growing pressure on Government, this affects the private rent sector:

4.5 million people in the private rent sector are now living in poverty in 2016 (it was 2.2 million in 2004/5).

Evictions from the private rent sector is now the main cause of homelessness nationally.

Homelessness across the country has risen 54% since 2010.


The changing tenant profile20%+ of population now in private rent.*Energy Efficiency

Worst SAP* ratings

46% aged 25-34 (24% 2005)

37% families (30% 2005)

27% HB £9.3b.

(18% in work)9% increase

in HB

54% <5 year tenancy

46% >5 year tenancy

29% stock ‘non-decent’

Private rental


MORE REFORMS TO COME? YES!

HB £ bill

Homelessness & families

Taxation

London!



More cuts

More tenant/cy protections

More tenant/cy protections & stock investment

Will affect national reforms

PRS regulations

Major public subsidies


ARE SMALL LANDLORDS BEING PUSHED OUT?


PROBABLY!

As private rent continues to be the only growing part of the housing market, more people depend on it, more public money goes in it; Governments need accountability and more control.

Arguably, it is easier to achieve this with large/er landlord companies.

The national context and tenant demographics affect landlords.

You are now…



UNDER THE SPOTLIGHT

MEDIA AND INTERNET ARE LARGELY NEGATIVE. GOOGLE ‘LANDLORDS FINED’!

SUPPORT THE REGULATION OF LETTING AGENTS!

COULD DELAY / REDUCE LANDLORD REFORMS.


A POSSIBLE STRATEGY!

Treating your rental properties as a business is now essential… be on top of arrears and repairs to save costs and maximise revenue

and profit. do the work up-front before choosing new tenants. manage the tenancies to reduce your risks and costs. plan ahead, for likely reforms and therefore additional costs, and to

protect your day to day rental income and longer-term asset values.


YOUR SURVIVAL

DO YOU HAVE THE SKILLS TO SURVIVE/THRIVE? ARE YOU WORRIED YOU DON’T HAVE THE TIME?IS YOUR BUSINESS PLAN STRONG ENOUGH?

ARE YOU CONFIDENT THAT YOU KNOW HOW MUCH REVENUE YOU NEED?

ARE YOU FEELING VULNERABLE BECAUSE YOU DON’T KNOW THE CHANGING RISK AREAS?


YOUR PROPERTIES AS A BUSINESS

DO YOU KNOW HOW MUCH MONEY YOUR PROPERTIES REALLY COST YOU? DO YOU KNOW HOW TO CONTROL THE COSTS OF REPAIRS AND MAINTENANCE?

ARE YOU FEARFUL OF GETTING / MANAGING BAD TENANTS?

ARE YOU ANXIOUS ABOUT WHERE TO GROW / ALTER YOUR PORTFOLIO?


YOUR PROPERTIES AS A BUSINESS

We offer a range of guaranteed services for letting and management, including property management plans.

NEW one-off services and workshops for landlords who self-manage.

www.ethicallettingsagency.co.uk


WE CAN HELP

http://www.ethicallettingsagency.co.uk/

14 QUEEN STREET, REDCAR, TS10 1AE

01642 484845 [email protected]

@EthicalLets

RentRedcar Working across TeessideCarla Keegans


GET IN TOUCH

mailto:[email protected]

Documents

Landlord online presentation Dec 2016