Water Hygiene may not be at the forefront of property managements’ attention in light of the ever-evolving changes to our businesses necessitated by COVID-19. It may not be the most exhilarating topic (some may even find it a little “dry”), but it remains important, especially given the unexpectedly low occupancy numbers in many PBSA … [Read more...]
To Furnish or not to Furnish? That is the Question.
Build to Rent (BTR) owners and developers must decide whether to furnish their units. Agents are telling owners to provide furniture in new BTR developments to speed up the lease process and collect more rent. Furnishing homes will actually hurt your property value! In this article, we'll draw on US operating experience as well as … [Read more...]
Three Things the US Multifamily Industry Can Learn From UK Build to Rent (BTR)
There is no doubt that the UK Built to Rent sector has some valuable lessons to learn from practices in the USA. It should be noted, however, that the UK has some pearls of wisdom of its own to offer. In fact, when it comes to Project Management, the UK may be in the lead. This article focuses on the commercial-turned-residential property … [Read more...]
How to Boost UK Rental Market income without increasing rent?
As a residential property owner operating in the UK rental market, there are many ways that you can supplement your rental revenue with additional income. The US rental market has capitalised on these types of opportunities for years, creating specialised departments called ‘Ancillary Services’, but this is yet to take place here in the UK. What … [Read more...]
Build-to-Rent: How to Outbid Private Residential Developers for Land
The UK’s build-to-rent (BTR) sector is growing, with almost 16,000 developments already built, almost 21,000 currently under construction, and a further 47,000+ with planning permission, but still accounts for less than 1% of the homes in the UK. This is because the BTR sector is competing with the private residential development sector … [Read more...]