Our Top 5 Sources of Lettings Information

Our Top 5 Sources of Lettings InformationAt Yellowoak Inventories we always strive to keep you in the loop and fully informed on all the latest legislation changes, which are relevant to you as a landlord in England or Wales. However, we also acknowledge that there are some great websites out there who also provide great content; therefore we wanted to take this opportunity to introduce you to our  Top 5 Sources of Lettings Information.

  1. Property Tribes – propertytribes.com – ‘None of us is smart as all of us.’

Property Tribes is the UK’s busiest landlord and investor community, where you can access discussion forums and share your property issues, ideas, strategies and much more all in one place. It’s free to sign up to and use once you’ve read and agreed to the site rules.

For example, here is a post on Yellowoak Inventories in their forum: *Property inventories and mid-term property inspections with Yellow Oak Inventories. As you can see, this began life as a helpful tips video and then turned into an interesting discussion thread about the importance of avoiding cutting corners when carrying out your inventory.

  1. SAFEagentsafeagents.co.uk‘The Mark of Trust.’

This year marked the 4th annual SAFEagent awareness week, where over 3,000 professional letting agents united together to generate awareness on how vital it is to choose a lettings and management agent who is part of a Client Money Protection (CMP) Scheme.

We fully understand the importance for our clients being made aware that we are trained to the highest possible standard, conforming to a strict code of conduct and this is why we are full certified members of the APIP and AIIC. (Association of Independent Inventory Clerks & Association of Professional Inventory Providers.) Therefore we welcome any official form of ‘endorsement’ in the lettings industry, which is how SAFEAgent provides landlords and tenants with peace of mind that the money they’ve paid in deposits and rent to their agent is fully protected. So those letting agents who display the SAFEagent logo show that they’re part of an approved CMP scheme, which ensures that they are protecting their clients monies correctly.

  1. Landlord Law – landlordlaw.co.uk‘Legal help, services & support for PRS landlords.’

Landlord Law enters its 14th year online this year, written and run by landlord and tenant lawyer Tessa Shepperson. They also run training courses and do their utmost to educate landlords on what can be quite complicated housing laws and rules to get your head around.

  1. Property Industry Eye – propertyindustryeye.com‘Where News Comes First.’

Property Industry Eye is dedicated to the publication of independent, unbiased, factual and accurate news reporting of matters of interest to those working in the UK property market and beyond. As well as news topics, they also provide a public forum discussion to debate topics of the day and a vehicle for service provides to reach their markets.

  1. The mainstream lettings portals; Rightmove, Zoopla and OntheMarket.com

Accessing a combination of these blogs will provide you with no end of insight, information and food for thought on the latest lettings issues, offers and advice from a whole host of trustworthy experts from the UK lettings industry.

All of these websites primarily seek to educate landlords and others within the lettings industry, and we personally applaud them and hope that they carry on doing so!

Yellow Oak Inventories supporting SAFEagent awareness week

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This week marks the 4th annual SAFEagent awareness week, and with over 3,000 professional letting agents uniting together this will be the biggest awareness drive SAFEagent have ever experienced. So throughout the coming week SAFEagent members, and others within the industry, will be promoting the importance of choosing a lettings and management agent who’s part of a Client Money Protection (CMP) Scheme.

What is a CMP Scheme?

CMP schemes are a ‘safety-net’ that provide compensation to landlords and tenants, should their agent misappropriate their rent, deposit or other funds.

As mentioned in our previous blog, as of last Wednesday letting agents now have a statutory duty to fully publicise the fees they charge to both their landlord and tenant clients; so SAFEagent Awareness Week coincides with this latest rule change very nicely.

Why do you support this scheme?

Well, it’s very simple really! At Yellow Oak we believe that it’s definitely better to be safe than sorry, and the SAFEagent scheme adds further protection for landlords and tenants monies. This is because, as a sad fact of life, there are a minority of unscrupulous landlords and letting agents out there who drag the industry into disrepute. So those who manage property and are ‘Fully Endorsed’ by SAFEAgent provide their tenants with the peace of mind that the money they’ve paid in deposits and rent is fully protected. Furthermore, it proves that they are flying the flag for professional standards within the private rented sector.

SAFEagent explained in 2 minutes:

Supporters of SAFEagent include the likes of: Endsleigh, HomeLet, The Property Ombudsman Scheme (TPOS), The Council of Mortgage Lenders (CML), British Property Federation (BPF), Citizens Advice Bureau and Shelter.

  1. Midgley, Chair of the SAFEagent Steering Group, has also stated that many consumers are still completely unaware that if their agent was to abscond with any funds that are rightfully theirs; there would be no chance of getting them back without a CMP in place. He went on to say that he fully welcomes last week’s newest legislation change but would like to see inclusion in a CMP scheme become mandatory for all UK letting agents. – What do you think about this idea?

At Yellow Oak Inventories we will be supporting this very worthy industry cause throughout the week, as we truly care about consumer protection in the PRS (as members of the Property Redress Scheme ourselves) and want to support raising standards and awareness in any way we can.

The easiest way to show your support is through social media, and SAFEAgent have even made some ready-made status updates that you just need to copy and paste! Find them here.