InventoryBase Blog

Do you know your responsibilities as a landlord?

Becoming a landlord continues to remain an attractive prospect for many. With regular income from rentals alongside future capital growth, it is easy to understand why. However, the occupation is not without its challenges. Landlords have faced a barrage of new laws and regulatory changes in the last few years, which have proved difficult to […]

June 21, 2019

Inventory guidance released by TDS to coincide with the introduction of the tenant fee ban

The TDS (Tenancy Deposit Scheme) has announced new guidelines on inventory reports in an effort to support letting agents and landlords in-line with the ban on tenant fees, introduced on 1st June 2019. Also known as the Tenant Fees Act, the new law is applicable to letting agents operating in England, and will mean that […]

June 14, 2019

InventoryBase launches new cutting edge Workstreams module for managing transactions between agents and suppliers inventories and inspections

Today InventoryBase announced the launch of their new InventoryBase Workstreams module, allowing InventoryBase users to capture payments and setup payment agreements for outsourced property visits. The new Workstreams module provides an easy way for InventoryBase users to get paid for invoices raised from completing property reports, such as inventories, check ins, check outs or periodic […]

June 13, 2019

What to look for in a property inspection

A checklist for property inspections is extremely useful for letting agents and landlords. A checklist guides agents on what must be assessed, as each property is different, making it easy to make a mistake in an inspection. Inspections are a crucial aspect of being a property manager or letting agent. If landlords fail to ensure […]

June 11, 2019

Brexit chaos reduces number of Chinese investors

The uncertainty which is currently being caused by Britain exiting the EU has had a striking effect on the numbers of Chinese investors making residential acquisitions within the UK, according to the latest statistics. The research, conducted by the largest international property portal in China, Juwai.com, shows that property buying from Chinese investors has waned […]

June 7, 2019

Right to Rent could become more complex in aftermath of Brexit

Mishcon de Reya, the leading legal firm, has warned that the rules and regulations around Right to Rent could evolve to become even more complex for landlords and letting agents after Brexit. This warning comes despite the recent court case at the High Court, which deemed that Right to Rent breached the human rights of […]

June 6, 2019

Key answers for letting agents

Here we discuss how letting agents can offer value for money, impress prospective clients and overcome price objectives. How can letting agents demonstrate value for money to vendors? The best way for letting agents to demonstrate true value is to illustrate what sets them apart from the first moment they take a phone call from […]

June 5, 2019

InventoryBase launches new Network to access third-party suppliers for property inventories and inspections

Today InventoryBase has announced their new Inventory Supplier Network for accessing professional, experienced and vetted inventory clerks and property inspectors around the UK in a click of a button. InventoryBase Workstreams allows InventoryBase users to collaborate with each other to schedule and complete property reports such as inventories, check ins, check outs and periodic inspections. […]

June 4, 2019

Property market in Barcelona bounces back during first months of 2019

Confidence appears to have returned to the property market in Barcelona following a period of hesitation in the aftermath of the 2017 independence push on 1st October. This is according to the first quarter results of 2019 from Lucas Fox, the Spanish property experts. The property firm reported that house sales had more than tripled […]

May 31, 2019

Could landlords be rated online by tenants?

Some bad landlords who are guilty of terrible misdemeanours are able to avoid justice due to weaknesses within legislation in the UK, which often allows the worst landlords to continue operating. But one person is aiming to redress this power balance, by creating a scheme which allows tenants to give their landlord a rating online. […]

May 29, 2019

How proptech can add value to the lettings sector

Proptech is becoming increasingly important in the lettings sector, thanks in part to the changing 24 hour a day nature of consumer demand. This is being primarily driven by the millennial generation, who currently take up a large section of the lettings market, as well as a growing portion of the sales market. However, proptech […]

May 27, 2019

A look back on Theresa May’s impact on the property sector

With the saga of the UK leaving the European Union dragging on, it’s likely that the event could signal the downfall of current Prime Minister, Theresa May. Rather than another speculative piece on Brexit, here we discuss her record on the UK’s housing issues. Ms May’s speech at Downing Street on 13th July 2016, just […]

May 24, 2019

Buy-to-let landlords continue to enjoy stable yields across Wales and England

The average rental price in Wales and England has risen over the past 12 months at a rate of 0.4 per cent per month. This now means that the average rent pcm (per calendar month) rose in February 2019 to £861, the latest research from Your Move has shown. The study from the UK estate […]

May 23, 2019

How letting agents can cover their costs after tenant fees ban

The tenant fees ban, which prohibits letting agents and landlords from charging fees to tenants in England, will come into force, finally, on 1st June. First introduced in November 2016, when the Chancellor, Philip Hammond, revealed the plans for the new rules in his Autumn Statement, the Tenant Fees Bill is widely regarded within the […]

May 15, 2019

Pensions versus property: what is the best investment?

The founder of an online lettings agency, Upad, has claimed that he does not have a pension fund. James Davis has instead chosen to invest in 20 buy to let properties, and like many property investors, he is certain that this will fund his retirement. Mr Davis explains that should property prices continue rising over […]

May 10, 2019

How AI could impact the lettings sector

AI (Artificial Intelligence) is taking an increasingly larger role in our everyday lives, from drones and driverless cars to Apple’s Siri and Amazon’s Alexa. Therefore, it comes as no great surprise that the lettings sector is slowly adopting this new technology. Proptech is quickly gathering traction within the lettings sector. An investment management and professional […]

May 7, 2019

The top five problems proptech is solving

Proptech has the potential to revolutionise the property sector. Technology continues to be introduced on a large-scale in the lettings sector, and according to a recent report, capital investment within the sector grew in 2017 to almost $12.6 billion. Proptech shows no signs of slowing its progress, and now is the perfect time to choose […]

May 3, 2019

What is next for the tenant fee ban?

Those in the lettings sector will be aware of the upcoming ban on tenant fees. The Act has made its journey through parliament, and will be implemented in England from 1st June, 2019. This means that now is the time for letting agents to prepare for the new legislation. Agents must now be forward thinking […]

April 30, 2019

InventoryBase Academy launch Fitness for Human Habitation guidance for lettings professionals

Following the Homes (Fitness for Human Habitation) Act 2018 coming into force, InventoryBase Academy now enable clerks and letting agents to understand the parameters of the new law. As of 20th March 2019, the Homes (Fitness for Human Habitation) Act came into force across the country. The act was designed to ensure all rented accommodation […]

April 25, 2019

the value of using measurable inventory reports

Inventory Reports – The Measure of Value

We live in an age where everything is on demand meaning inventory providers have had to react to that demand with a greater flexibility in their availability which often includes all weekend working, late night and early morning report requests. In some respects this is nothing new; other supplier industries to the property sector such […]

April 17, 2019

Zoopla to begin refusing ‘No DSS’ adverts

Zoopla, a leading property portal website, is to begin refusing advertisements for property lettings which contain instructions from landlords that include ‘No DSS’ or any other block for tenants who receive housing benefit. Zoopla announced it will prohibit landlords from posting adverts which state ‘No DSS’, which is a commonly used term that refers to […]

April 12, 2019

Right to Rent labelled a farce by RLA

Right to Rent labelled a farce by RLA. A new legal case has brought the already controversial scheme for Right to Rent into further disrepute. Last month, an existing High Court judgement ruled that the scheme was unlawful on grounds of discrimination. The High Court ruled on 1st March that the scheme had breached human […]

April 11, 2019

New rules to protect tenants’ money announced

All letting agents for privately rented homes will be required to register with a mandatory government-backed scheme which aims to protect landlord and tenant money, as part of a new law announced earlier this month. With a deadline of 1st April 2019, all letting agents in England must sign up to a protection scheme as […]

April 10, 2019

Labour government would promise indefinite tenancies

The Labour Party has changed its approach to the rental sector, from previously promising mandatory tenancies of three years and rent controls, to going even further and committing to delivering indefinite tenancies. These plans follow the German example for residential PRS (private rented sector) tenancies in England. John Healey, Labour’s Shadow Housing Secretary, has pledged […]

April 9, 2019

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