News & Blog

Looking for Portfolios for Sale? 4 Things You Need to Consider Interested in portfolios for sale? Read this short blog post for advice. Building a property portfolio can take time, money, and know-how. The best property investors and buy-to-let landlords have built their mini-empires with patience and hard work. But there is a faster way: you could simply purchase a ready-made property portfolio. However, finding portfolios for sale requires careful planning, and in this post, we share 4 important questions you need to ask before you start moving money around. Portfolios for Sale: 4 Questions to Ask 1. Have you done your due diligence? No matter the size of the property portfolio in question, the biggest mistake you can make is rushing in. Prior to investing, you must evaluate the portfolio to understand its true commercial value and potential, and also uncover any risks involved in the purchase. When you work with Cairn, we carry out a review of the cost/benefit opportunities against the investment profile to make sure you’re making the right financial decision. 2. Are the properties tenanted? Buying a portfolio with tenants in situ means you can start making rental income without skipping a beat. It also saves you from the hassle (and expense) of having to market several properties at once, vetting and placing new tenants. Here at Cairn, we specialise in the sale of tenanted properties, so we know how to handle the ins and outs of this process, keeping everyone happy and informed. 3. What developments are planned nearby? Another key consideration when purchasing a property portfolio is to understand the wider landscape in and around your investment. Will new developments (housing, bars, restaurants, schools, transport links, etc.) affect the value of your property in the short and long term? On the one hand, more amenities could make your new portfolio more desirable to potential tenants. However, new housing popping up right next door introduces more competition and could make it difficult to place and retain tenants in the future. In short, make sure you have all the facts before pushing ahead. 4. Do you require HMO licenses? Finally, will your new portfolio allow you to rent one property to more than 3 unrelated people? If so, you’ll need an HMO (House of Multiple Occupation) licence. HMOs are an increasingly attractive property investment idea, boosting yields and spreading risk across multiple tenants. We offer a number of HMO development services, helping you assess your properties for compliance with HMO regulations. Find Portfolios for Sale with Cairn Our property investment services are second-to-none. We can help you assess your objectives for any property investment or development, taking budget, yield, and capital growth expectation into consideration. And once you’ve secured your new portfolio, we’re on hand with a range of property management services to ensure your properties are compliant and maintained to the highest standards. Get in touch to learn more.

Glasgow, HMO Properties

Cairn: HMO Specialists in Glasgow

Cairn: HMO Specialists in Glasgow As HMO specialists in Glasgow, we regularly write about the benefits and considerations of renting an HMO in the city, whether that’s from the perspective of a landlord or a tenant. In this post, we’ve collected the most important links, definitions, and information, all in one place. If you’re thinking about renting an HMO in Glasgow, read this first. Reminder: What is an HMO? An HMO (House in Multiple Occupation) is a residential property where three or more unrelated people rent and share facilities (such as a bathroom, toilet, and kitchen). It’s sometimes referred to as a “house share”. For a property to qualify as an HMO, it must meet strict licensing requirements. You can read more about these requirements on this page: HMO Letting with Cairn. Our HMO Specialists Glasgow Resources: Getting to Grips with HMO Licencing – Are you a landlord looking to understand HMO licencing better? This post explains everything. Glasgow HMO Properties: What Do Students Need to Know? – Are you a student thinking of renting an HMO property in Glasgow during term-time? We’ve got the answers to some frequently asked questions. Buy-to-Let in Glasgow: 4 Reasons Why Should Do It – Are you a landlord thinking about investing in an HMO in Scotland’s biggest city? Here are a few reasons why it’s a no-brainer. Handy Third-Party Links Beyond our own blog posts and articles, check out these important links: Houses in Multiple Occupation – Glasgow City Council How to Apply for an HMO Licence with Glasgow City Council HMO Information from Glasgow University Students’ Representative Council Cairn: HMO Specialists (Glasgow) We’ve been managing fully licensed HMO properties in Glasgow for a number of years. Whether you’re a landlord or a tenant, when you rent with Cairn, you’re in good hands. We ensure all licensing requirements are met, tenants are moved in safely, and regulations are adhered to. We also carry out quarterly inspections to make sure the property is secure, clean and comfortable, as per the HMO conditions. Are you interested in renting an HMO property in Glasgow? Get in touch to learn more.

Edinburgh, HMO Properties

Choosing HMO Letting Agents in Edinburgh: Advice for Landlords

Choosing HMO Letting Agents in Edinburgh: Advice for Landlords Need help choosing the right HMO letting agents in Edinburgh? Look no further! There are plenty of reasons why you should invest in property in Edinburgh. In fact, we’ve taken a closer look at a few of them in this blog post. In short, the growing population, opportunities for young people, and the biggest arts festival in the world all rank high. But it’s the thriving student market that makes HMO development in Edinburgh such an attractive prospect. And if you’re interested in letting your property as a House in Multiple Occupation, it’s a good idea to put the day-to-day management of it in the hands of experts. So, here’s what you need to look out for if you’re choosing HMO letting agents in Edinburgh. How to choose HMO letting agents in Edinburgh 1. Choose a local agent HMOs have lots of benefits, from higher rental yields to lower risk (as you spread the risk of non-payment across several tenants). However, they can also be time-intensive to manage, and with the strict conditions set out by the HMO licence, it makes sense to use an agent local to the area. 2. Choose an HMO-savvy agent Speaking of the licence, certain rules and responsibilities go hand-in-hand with letting an HMO property. It’s vital that your chosen agent is up-to-speed with the legislation and that they keep you compliant throughout your agreement. 3. Choose an agent familiar with the student market If you want to target the burgeoning student market in Scotland’s capital, make sure your chosen agent has experience in dealing with student tenants. This can be quite different to renting to families or young professionals, and can often require a different skill set to ensure the property is maintained to a high standard and rents are paid on time. 4. Choose Cairn – HMO letting agents in Edinburgh Interested in letting an HMO property in Edinburgh? Choose Cairn. We offer a variety of HMO Development and HMO Property Management services, specialising in student lets. We can refurbish the property to comply with all legislation, working quickly, efficiently, and on budget. And our expertise in building warrants, planning permission, and HMO properties, in general, will deliver a property worthy of an HMO licence. Ready to get started? Contact us to learn more. .flex_column.av-2jhnc2-cc1f3e362b4a96ec9c81c881fa66be73{ -webkit-border-radius:0px 0px 0px 0px; -moz-border-radius:0px 0px 0px 0px; border-radius:0px 0px 0px 0px; padding:0px 0px 0px 0px;

Glasgow, HMO Properties, Student Accommodation

Glasgow HMO Properties: What Do Students Need to Know?

Glasgow HMO Properties: What Do Students Need to Know? Are you a student thinking of renting a Glasgow HMO property during term-time? Make sure you know the answers to these frequently asked questions. 1. What is an HMO? An HMO (House in Multiple Occupation) is a residential property where three or more unrelated people rent and share facilities (such as a toilet, bathroom, and kitchen). It’s also known as a “house share”. HMO properties are subject to strict licensing conditions. However, there are a few exceptions where an HMO licence isn’t required. For example, if you live with your landlord, they don’t count as one of the unrelated people. Similarly, by law, a landlord does not require a licence if tenants are a couple. This is defined as “married or civil partners, or living together as husband and wife or, where they are of the same sex, in an equivalent relationship”. 2. What are the licensing conditions? All HMO properties need to be licensed with the local council before they can be rented out. The council will typically inspect properties before issuing a licence. The licence means your landlord is responsible for the following: Quarterly inspections and fire training Smoke alarm installation on every level Clearing fire escapes of obstruction Keeping communal areas clean and tidy Ensuring waste disposal facilities are in place In addition to this, the rooms in the property must be of adequate size, and any gas and electrical appliances must be certified safe. A certified HMO property must have an HMO licence prominently displayed. If you can’t see one, ask the landlord to share a copy. 3. What are the risks of unlicensed Glasgow HMO properties? Unlicensed house share properties can sometimes be cheaper and therefore more attractive to students on a budget. However, the risks far outweigh the benefits. Not only are they illegal, but if your landlord is unwilling to licence the property correctly, where else might they be cutting corners? And will they respect your rights as a tenant? 4. How do I know if the property is licensed and certified safe? If you’re unsure that the property you’re looking at is licensed (and your landlord is evasive and won’t show you a copy of an up-to-date licence), don’t sign anything until you’ve checked for yourself. To do this, contact the Glasgow City Council Private Landlord Unit via email (privatelandlordregistrationunit@glasgow.gov.uk) or by phone (0300 343 0414). They’ll be able to tell you if an application for a licence has been lodged or refused. Rent a Glasgow HMO with Cairn We’ve been managing fully licensed Glasgow HMO properties for years. When you rent with Cairn, you’re in good hands. We conduct thorough tenant move-in training, taking you through health & safety regulations, smoke alarm testing, and how to use appliances. And we also carry out quarterly inspections to ensure the property remains safe, clean and comfortable, as per the HMO conditions. Are you interested in renting an HMO property in Glasgow? Get in touch to learn more.

Edinburgh, HMO Properties, Landlords, Student Accommodation, Tenants

Renting an HMO in Edinburgh: Advice for Landlords & Students

Renting an HMO in Edinburgh: Advice for Landlords & Students Interested in renting an HMO in Edinburgh? Read on for some important advice. An HMO (House in Multiple Occupation) is any residential property rented by at least 3 people who aren’t from the same household (for example, a family). In doing so, they also share key communal facilities such as a toilet, bathroom, and kitchen. Renting an HMO in Edinburgh comes with plenty of benefits for both landlords and students: Firstly, for landlords, HMOs can provide higher rental yields than one or two-bedroom properties. They also help to spread risk across multiple occupants. Meanwhile, for students, they offer a chance to comfortably live with 3, 4, 5 or more friends. This means you can easily split bills and other living expenses. However, if you’re interested in renting out (or living in) an HMO, there are a few important things you need to keep in mind. HMO in Edinburgh: What Do Landlords Need to Know? As a landlord of an HMO, it’s your responsibility to get an HMO licence and to manage and maintain the property to a high standard. This means you need to: Be a registered landlord Keep important certificates up-to-date Undertake quarterly inspections and fire training Fit smoke alarms on every level Keep fire escapes clear from obstruction Ensure upkeep of communal areas Make sure waste disposal facilities are in place Are you a landlord interested in letting an HMO property? Here at Cairn, we offer a variety of HMO Development and HMO Property Management services. Get in touch to find out more. What About Students Renting an HMO? As a student living in a house share, it’s helpful to understand the rules around HMO properties. Presuming your property has an HMO licence (you can check by emailing hmo.licensing@edinburgh.gov.uk), your landlord is legally-bound to meet certain safety and cleanliness standards. If you feel as though these standards have slipped, and your landlord isn’t responding, you can flag this to Edinburgh city council. They’re responsible for enforcing these standards and can compel your landlord to take the appropriate action. Are you a student interested in renting an HMO in Edinburgh? We manage several licenced HMO properties in the city. Get in touch to learn more.

Buy To Let, Glasgow, Property Investment, West End

Property Investment in Glasgow: Where to Spend Your Money

Property Investment in Glasgow: Where to Spend Your Money Interested in property investment in Glasgow? Here Cairn profiles the most popular areas of the city. Investing in buy-to-let in Glasgow is a no-brainer. A bustling, modern European city with a vibrant student population, a thriving economy, vital transport links, and huge rental demand, Scotland’s largest city represents a golden opportunity for property investors. But where should you spend your money? Let’s explore Glasgow in a little more detail. Property Investment in Glasgow — Area by Area Glasgow Fast Facts Population: 633,120 (2019) House Price Avg: £193,000 (2020) Monthly Rent Avg: £636 (2020) Rental Yield Avg: 7.8% (the UK average is 4%) 1. The City Centre Home to both traditional properties and modern new-builds, Glasgow’s city centre boasts plenty of choices, no matter your target market. Although many people working in the centre prefer to live outside of its boundaries, many more call it home. This is especially true of Glasgow’s student population. The fashionable Merchant City is worth exploring if you’re looking to rent to young professionals, while areas like Townhead, Charing Cross, and Cowcaddens are all within walking and public transport distance of the city’s universities. 2. The West End The best West End estate agents rarely have trouble letting properties in this stunning part of the city. Popular with young families thanks to its green space, young professionals thanks to its transport links, and students, thanks to its bars, cafes, and proximity to Glasgow University, demand for rental properties here is through the roof. Of course, this level of demand has a knock-on effect, with many of the properties in the West End among the most expensive in Glasgow. But if you find something that works for your budget, you could be onto a winner. Consider areas like Hillhead, Kelvinside, Dowanhill, Yorkhill, and Partick for any of the target markets mentioned above. 3. The East End Home to Dennistoun, recently named the 8th coolest neighbourhood in the world (the WORLD!), the East End of Glasgow is chock-full of character. From the iconic red sandstone tenements to thriving independent businesses, the East of the city is particularly popular with students and young families. Thanks to regeneration activities brought about by the 2014 Commonwealth Games, the East End is beginning to catch up with other parts of the city after years of neglect. Yet it remains cheaper than the city centre and the West End, so you could nab yourself a buy-to-let bargain. 4. The Southside When you venture south of the River Clyde, you’ll find a mixed bag of property investment opportunities. A traditionally industrial area of the city, riverside regeneration has brought a modern feel to many areas, while others remain affected by social problems. Areas like Govan, Ibrox, and the Gorbals offer a variety of affordable property types boosted by vital transport links. Meanwhile, the likes of Shawlands, Newlands, Queens Park, and Langside have a trendy vibe popular with young families and professionals. These properties are pricier, but always in demand. Cairn: Property Investment in Glasgow Whether you’re looking east, west, south, or central, you’ll have plenty of choice in Glasgow Do you want to learn more about investing in buy-to-let properties in the city? Get in touch with our property investment experts today. We’re here to help!

Guides, HMO Properties, Landlords

Getting to Grips with HMO Licencing

Getting to Grips with HMO Licencing Are you a landlord looking to understand HMO licencing better? Here’s everything you need to know. If you’re thinking about renting your property to 3 or more tenants who aren’t related to one another, then you’re going to need an HMO licence. But what is it? Why does it matter? And what are your responsibilities? Let’s dig a little deeper. So, What is an HMO? HMO stands for House in Multiple Occupation. According to GOV.UK, an HMO is any residential property rented by at least 3 people who aren’t from the same household (for example, a family) but who share facilities such as a toilet, bathroom, and kitchen. It’s also known as a “house share”. Letting your property as an HMO is subject to strict conditions. These include: The property can’t be occupied as an HMO without a licence. Even if you have an application pending and it’s likely to be accepted, letting as an HMO without the correct paperwork will land you in hot water. The maximum penalty for doing so in Scotland is a fine of £50,000 upon conviction. The licence is issued by the local council in which the property is situated. The licence is typically valid for 5 years, but this can vary from one council to another. It may be issued for a shorter period if there are concerns over how the HMO property will impact neighbours. The council has the right to assess your property for potential risks. If you fail to comply with safety regulations, you could face criminal prosecution. It’s therefore vital that you ensure your property is safe and compliant before renting it as an HMO. The number of tenants. By law, you can only rent your property to as many people as stated on your licence. This is checked before your licence is issued. Assessors will inspect your property to see how many people can comfortably live there. If you exceed the number of tenants on your licence, you could face a hefty fine. HMO Licencing: Landlord Responsibilities As a landlord of an HMO, the buck stops with you when it comes to managing and maintaining the property and keeping your tenants safe. To stay on the right side of the law, you must: Be a registered landlord Keep important certificates up-to-date Undertake quarterly inspections and fire training Fit smoke alarms on every level Keep fire escapes clear from obstruction Ensure upkeep of communal areas Make sure waste disposal facilities are in place What Are the Benefits of an HMO? While the rules and responsibilities of renting out an HMO can be overwhelming, the benefits more than make up for it. HMOs can produce far higher rental yields than your typical buy-to-let property, and the demand for shared housing is fairly constant, no matter the economic backdrop. Plus, you can always pass those responsibilities onto a property management company (like Cairn) if you’d rather take a back seat. Interested in letting an HMO property? Here at Cairn, we offer a variety of HMO Development and HMO Property Management services. Get in touch to find out more.

Glasgow, Hints & Tips, Properties For Sale

Find Homes For Sale in Glasgow (Before They Go Online)

Find Homes For Sale in Glasgow (Before They Go Online) Looking for property for sale in Glasgow? Follow these tips and find them before they go online. You might think every property sale follows the same old process: a “for sale” sign goes up outside > it’s posted online > there are countless viewings > and, eventually, it’s sold. Simple. But some of the nicest homes for sale in Glasgow won’t make it as far as step one. They’re often snapped up long before they make it to the market, let alone the property websites. So, why does this happen? And how do you get in on the act? Here we share a few tips for finding homes for sale before they go online. How to Find Property for Sale in Glasgow Before It Goes Online 1. Your Glasgow Estate Agent Is Your Best Friend The best estate agents keep a close eye on the local market, with many working closely with sellers to achieve quick, profitable sales. As a prospective buyer, you can do something similar. If you’re clear, friendly, and responsive, outlining exactly the type of Glasgow property you’re looking for (and the budget you’ve got in mind), your local agents might just point you in the right direction. Remember, people do business with people they like, and that works both ways! 2. Get Your Friends & Family Involved Unless you’re keeping your move on the down-low for a reason, it’s a good idea to involve your friends and family in the search. You could even widen the scope to include social media connections and work colleagues. That way, you’ve got ears on the ground. If everyone knows that you’re looking to buy, you might just hear about an opportunity before it goes on the market. 3. Hunting for Flats for Sale in Glasgow: Be Prepared to Pound the Pavement If you know which part (or parts) of Glasgow you’d like to move to, you could be bold and start posting letters or chapping doors. Whether it’s in writing or face-to-face, simply explain who you are, your situation, and ask if they’re interested in selling. There’s no guarantee of success, of course, but you could strike gold. All it takes is one person who’s been thinking of selling and has put it off — until now. You could be the nudge they need. Pro Tip: Make Sure You’re Ready to Buy You’ll always move quicker when you’re ready to move. So if you hear through the grapevine that your dream property is close to the market, you’ll need to have your finances in order to nab it early. Having the cash ready (or a mortgage in principle) makes you seem less risky to the seller. And the idea of a fast sale could convince them to skip the open market and deal with you exclusively. Interested in homes for sale in Glasgow? Make Cairn your new best friend. Tell us what you’re looking for and where — we’re always happy to help. Contact us here. Did you know our Glasgow & Edinburgh branches specialise in Off-Market properties? Learn more about our approach to Tenanted Flats.

Investment, Property Investment

How to Find the Best Property Development Opportunities

How to Find the Best Property Development Opportunities Maybe you’ve been bingeing Homes Under the Hammer and thought “Hey, I could do that!” Or maybe you’ve already renovated one property and now you’ve got a taste for it. No matter the reason why you’re looking for property development opportunities, in this short blog post, we share the two things you need to know when searching for your first (or your next) big project. 1. Property Development Opportunities: It’s All About Location x 3 There’s a well-known phrase when it comes to property development; it’s all about location, location, location. But this isn’t a tired old cliché — you really do need to spot the up-and-coming areas before anyone else. And to do that, you have to scour the internet and pound the pavement. First, look at properties for sale on the likes of Rightmove and OnTheMarket and note their asking prices. Next, read up on new developments (shops, bars, restaurants) and check local newspapers, forums, and social media for insight. Finally, scroll around Google Maps to measure walking and driving distance from important amenities (schools, parks, train stations, etc.). Found an area you like? It’s time to visit in-person and ask yourself: Do any of the properties stand out as having potential? Some property developers like to look for the worst property on the nicest street as this means there’s room for improvement. Is there a variety of property types, or are they all the same? If it’s the latter, this could mean that each house on the street has the same maximum sales potential, so it could be a challenge to add enough value to achieve a healthy profit. Are there any skips or signs of development? This could mean fellow property developers are in the area, or it could mean the owners see enough value in their property to do some renovation work themselves. Either way, you could be onto a winner. Are there new-builds nearby? Whether it’s a shiny new flat complex, student housing, or a new-build estate, these sorts of developments are usually followed by new or improved local amenities. Buying and renovating a nearby property could mean selling while demand is high for the area. 2. Finding the Best Property: Estate Agents Are Your Friends Once you’ve identified your development area, reach out to the local estate agents. Whether it’s a call or an email, introduce yourself and outline what it is you’re looking for in a property. Discuss timelines, financials, and your end goal (place tenants in the property or sell for profit). With the right “profile” of property, the agents can start sending property development opportunities directly to your inbox. This will save you precious time, and they might even send you a hot tip for a property that’s yet to be posted online. The best estate agents know their local market, so if you’re looking for a buy-to-let in Glasgow, a buy-to-let in Edinburgh, or HMO development opportunities, they’ll be able to point you in the right direction. Looking for property development opportunities in Scotland? Make Cairn your new best friend. Tell us what you’re looking for and we’ll be happy to help. Contact us here.

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Buy To Let, Hints & Tips, Landlords, Property Investment, Property Partners

Looking for Portfolios for Sale? 4 Things You Need to Consider