Tag Archives: Cardiff HMO Landlord

Cardiff Landlords Are You Catering for Retirees

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Cardiff Landlords are you catering for Retirees

According to the mortgage lender Paragon’s latest report titled ‘The Growth of Later Life Tenants’ retiree renters and those in upper-middle age category are the fastest growing tenant groups in the private rented sector (PRS)

Paragon’s lates report showed that the number of English households in the 55-64 year old age category in the PRS with an Assured Tenancy has risen by 118% since the turn of the last decade, with those aged over 65 growing 93%. This rate of growth is nearly double the rate of the next fastest growing segment of 35-44-year-olds.

Richard Rowntree, Paragon Bank Managing Director of Mortgages, said: “There are a number of factors that may have contributed to the increase in over 55s in the PRS over the past 10 years, such as rising divorce amongst older people, poorer pension returns and men living longer.

“With the number of over 55s forecast to rise from 30% of the population to 36% by 2043 and new household formation predicted to be driven by older, single person households, the PRS will have an increasingly important role to play in providing a home for older tenants.”

Cardiff Landlords, the numbers do not lie, take a look at the overwhelming evidence that has seen a dramatic increase in the number of tenants over 55 years of age looking to access the private rented sector

Increase in number of retirees renting in the Private Rented Sector (PRS)

Cardiff landlords can access the Paragon report here https://www.paragonbank.co.uk/pcms_bo/resources/paragonbank/documents/mortgages/buy-to-let/growth-later-life-tenants

The Paragon report is based on the English Private Rented Sector (PRS) but Cardiff landlord should take head to the report’s findings and begin to look at how they can cater for this growing sector of the market.

If you would like to work with a proactive Cardiff HMO Letting Agent who are up to date with the latest market trends and housing legislation then please complete our contact form below to arrange a call from one of our team.

Cardiff HMO Letting Agent Tenant Attraction

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Cardiff HMO Letting Agent Tenant Attraction

High Yield Property Management Limited have over 12 years’ experience as a specialist Cardiff HMO letting agent managing Houses of Multiple Occupation (HMO) on a per room basis.

We have wealth of experience of attracting and managing professional, student and tenants in receipt of benefits on a per room, individual tenancy basis. 

In our role as a Cardiff HMO letting agent, we understand the importance of attracting housemates looking for a room to rent in Cardiff and the importance of mitigating void periods for our landlords.

Websites and Apps such as www.spareroom.co.uk have become a dominant force in attracting tenants who are looking for a room to rent in Cardiff, but property portals are only one cog in our well-oiled tenant attraction process.

This year alone online property portals have played a small part in attracting tenants who are  looking for a rom to rent in Cardiff with just over 10% of new housemates coming by way of an online property portal compared to 53% via organic search engines and 30% via our social media channels.

YearSearch EnginesSocial MediaProperty PortalsOther
202053.77%30.10%10.46%5.67%
201931.63%32.11%18.56%17.70%
201840.73%11.45%30.03%17.79%
201728.70%46.18%15.56%9.57%
201633.48%17.06%21.11%28.34%
Where are Cardiff Housemates come from

As a specialist Cardiff HMO letting agent we are continually tweaking our online presence to ensure we consistently rank on the 1st page of search engines such as Google and Bing for search terms housemates use when looking for a room to rent in Cardiff.  It is evident from the table above the importance of search engines in attracting housemates as this year so far over 50% of all new housemates have been a unique enquiry via a search engine. 

Therefore, if you are a self-managing HMO landlord or you are using a Cardiff HMO letting agent who does not rank well for search terms associated with room rentals and room only tenancies you are probably experiencing longer void periods in the current climate.

If you are a landlord with rooms to rent in Cardiff and looking to reduce your void periods, then look to employ a Cardiff HMO letting agent that does not just rely on property portals to attract tenants.  If you would like to employ the services of a Cardiff HMO  letting agent who are continually evolving their tenant attraction processes to eliminate void periods for then contact us using the form below.

Cardiff HMO Landlord fined for Management Breaches

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A Cardiff HMO Landlord has been successfully prosecuted by Cardiff Council following breaches of the Management of Houses in Multiple Occupation Regulations (Wales) 2006.

The landlord, Mr. Yazdan Kayhanian of Lake Road West, Cyncoed, Cardiff, was fined £2000; ordered to pay costs of £950 and a victim surcharge of £15

The house of multiple occupation (HMO) at 116 Richmond Road, Plasnewydd, Cardiff was initially identified to be a shared house in multiple occupation in October 2009. An inspection later revealed failures to comply with the Management of Houses in Multiple Occupation (Wales) Regulations 2006. However, the landlord advised Cardiff Council officers that the property was shortly to be converted into self-contained flats.

In October 2010, a re-visit identified that the house of multiple occupancy (HMO) had not been converted into flats and remained a shared house. Mr. Kayhanian advised the case officer that the conversion would take place during the summer of 2011.

 

In February 2012, a further visit confirmed that the property was still a shared house in multiple occupation and a number of serious failures to comply with the Management of Houses in Multiple Occupation (Wales) Regulations 2006 were noted.

 

At Cardiff Magistrates Court, District Judge Charles believed that the defendant had deliberately misled the Council into not taking action when he said that he was going to convert the property into flats; that he had made a misleading statement that Keylet were responsible for the management of the property and that he had deliberately attempted to mislead the Council again by getting the tenants to sign a letter accepting some of the blame. The District Judge told the defendant that he was the ‘author of your own misfortunes’; that he was unscrupulous and that he took advantage of the fact that the tenants were students.

 

Mr. Kayhanian was found guilty of all of the charges against him. These were:

 

Offence contrary to Regulation 7 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that all common parts of the house are maintained in good and clean decorative repair and in a safe and working condition and kept reasonably clear from obstruction.

Offence contrary to Regulation 8 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that in relation to each part of the house that is used as living accommodation that the internal structure is maintained in good repair and any fixtures and fittings are maintained in good repair and in clean working order

Offence contrary to Regulation 5 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that the drainage system serving the house is maintained in good, clean and working condition in that the gully to the annex side elevation was blocked and overflowing

Offence contrary to Regulation 4(2) of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that any fire fighting equipment and alarms are maintained in good working order

Offence contrary to Regulation 4(1) of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that all means of escape from fire are maintained in good order and repair

 

Councillor Lynda Thorne, Cardiff Council’s Cabinet Member for Communities, Housing and Social Justice, said:

 

“We know that there are lots of good landlords in Cardiff who manage their properties well and comply with legal requirements. We want to encourage those landlords and assure them and tenants living in HMOs that we will take appropriate legal action, including prosecution, for those who fail to comply with the law.”

 

“Our approach is to work with private landlords in order to help them meet the standards that are expected of them. We can offer a range of support including advice, an accreditation scheme, help with finding suitable tenants, help with deposits and rent advances, and property checks. But we are also clear that where landlords do not meet acceptable standards, then we will act.”

 

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

 

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@webletz.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.