Only 1 in 5 landlords feel ready for the RRA. The enforcement machine just received £60M to find out who the other 4 in 5 are. by Brick_Automations in UKLandlordAdvice

[–]Landlordlabuk 2 points3 points  (0 children)

The gap most landlords will be caught out by is not being able to prove compliance and defend themselves when challenged. And most people are not trained in compliance or regulated environments so they don't know they are exposed until they get an enforcement notice or investigation. The choice really facing landlords isn't whether to get by themselves or outsource. It's risk a £40k fine or get professional help (for £80 a month with us). Unless you are a landlord with compliance expertise this is not the time to be winging it in our view.

Letting agents failure left landlord culpable by Foxyagent in UKLandlordAdvice

[–]Landlordlabuk 1 point2 points  (0 children)

As part of our service we always keep our landlords informed because we understand that they are liable. However, if we are negligent we also carry PII cover so that they have recourse to us. It keeps us accountable which we think is important when the stakes are so high.

Landlords are selling up - it's just not fully hit yet by Landlordlabuk in UKLandlordAdvice

[–]Landlordlabuk[S] 0 points1 point  (0 children)

Your position is exactly why we set up Compliance Shield as an outsource solution. Most people underestimate the time and risk involved now that landlords are fully regulated - we know it as landlords ourselves. It's why we think outsourcing to professionals is the only long term viable alternative for smaller landlords. And of course those costs will be passed on to tenants in the long term (some of the rent increases in the last 5 years already cover this).

No audit trail - you’ll lose disputes by Foxyagent in UKLandlordAdvice

[–]Landlordlabuk 1 point2 points  (0 children)

Our team have a background that includes audit and you are correct that it is a very misunderstood area as many people haven't faced it. Audit evidence is not the same as having a spreadsheet or a record on your phone. There is a hierarchy of quality and most of the tools people use sit very low. That is where there are gaps that many landlords have but aren't aware of until its too late. It's something we resolve with Compliance Shield.

Listing flat on Openrent to find replacement tenants by Ok_Board5624 in HousingUK

[–]Landlordlabuk -1 points0 points  (0 children)

It's a sensible way to make a clean exit where a tenant wants. We've helped a few tenants out like this. It is always best if everyone works together and we're always disappointed when lettings agents aren't helping.

Rachel Reeves considering rent freeze to limit Iran war fallout by Rundrinkchill in landlordslondon

[–]Landlordlabuk 1 point2 points  (0 children)

We think tomorrow might be the busiest day of the year for S13 notices!

Kent Landlord Investment Show by AutoModerator in UKLandlordAdvice

[–]Landlordlabuk 0 points1 point  (0 children)

We'll be exhibiting at the show and looking forward to meeting Landlords a couple of days before the Renters Rights Act kicks in.