Out of Office Hours
Glasgow 0141 270 7878
News & Blog
The latest property news & information from a trusted source.
Explore our property blogs, select a category from below
Letting, Legislation
What will happen after the 31st March 2024 regarding Scottish Government’s Rent Cap?
What will happen after the 31st March 2024 regarding Scottish Government’s Rent Cap? From the 6th September 2022, there was a temporary cap on rent increases for private tenancies in Scotland. This was part of the Scottish Government’s wisdom to lessen the burden to tenants on the impact of the cost-of-living crisis. The cap was set at 3% and is expected to stay in place until the 31st of March 2024. The government’s current proposal is that from 1 April 2024 landlords can issue a rent increase notice up to the current market value of the property. The tenant could then refer the increase to the rent officer for adjudication if they felt it was too high. The rent officer would be able to restrict the rent increase through a tapering mechanism. The larger the difference between the current rent and the open market rent, the larger the increase which would be permitted by the rent officer subject to a maximum figure yet to be announced (but likely to be in the region of 10-15%). These proposals are still under consideration and SAL will notify members as soon as a firm announcement is made about rent increase procedures from 1 April. Rent increase notices issued before 1 April are still subject to a 3% cap, even if the increase doesn’t come into force until after that date. Assured or short assured tenancies which contain a rent increase clause in the contract terms are exempt from the current rent cap and are also expected to be exempt from the proposals set out above. Q: Can I increase the rent to market value after March 31st 2024 if I have implemented the 3% increase in the last year? A: No, if you have increased your rent by 3% in the last 12 months you cannot increase it to market value until 12 months has passed since the 3% increase. Can rent for an active tenancy can be increased by any amount? A: No, to prevent steep increases post-rent cap expiration, the government plans to introduce temporary charges to the rent adjudication process. These measures lasting a max of one year and subject to regular review aim to protect tenants during the transition. We doubt most landlords will seek steep rental increases. We know that many landlords have helped tenants throughout the uncertainty of covid and the cost-of-living crisis. Q What are the new temporary changes? A: When the emergency rent cap is removed the Scottish Government plans to amend the rent adjudication process so decisions must be based on the lowest of the three comparators: Open market rent The new rent proposed by the landlord A maximum “reasonable” increase for that tenancy, which will be defined by a new taper calculation. Unfortunately, with less than three months to go we do not yet have firm legislation on the rent increase cap. However, the potential plan set out by the Scottish Government does seem sensible for both landlords and tenants. As an experienced letting agent, we do not foresee any of our landlords requesting for rents to be increased at an unreasonable level and we will always advise them of the market value and what we believe is a suitable increase. Rent Officers will monitor these closely and ensure all landlord and letting agents are being fair and reasonable.
Letting, Buy To Let, Edinburgh, HMO licensing, Landlords, Portobello
8 Steps to becoming a landlord in Edinburgh
8 Steps to becoming a landlord in Edinburgh Ah, Edinburgh! The city of enchanting castles, winding cobbled streets, and the world-renowned Edinburgh Festival Fringe. Beyond its historical charm and vibrant arts scene, the Scottish capital is also a hotspot for property investments. Fancy joining the community of landlords in this mesmerising city? You’re in for an adventure! Here’s your guide to becoming a landlord in Edinburgh, with Cairn leading the way. (1) Celebrate Edinburgh’s Diversity Before diving deep into landlord responsibilities, let’s take a moment to appreciate Edinburgh’s diversity. From the medieval marvels of the Old Town to the elegant Georgian terraces of New Town, and the bustling student hubs around the University of Edinburgh, each terrain offers unique letting opportunities. (2) Understand Your Responsibilities First things first: being a landlord isn’t just about collecting rent. There are legal responsibilities, from ensuring your property is safe for tenants to protecting their deposits. Cairn is here to ensure you’re not just compliant but confident in your role. (3) Getting Your Property ‘Tenant Ready’ Give your property a critical once-over. Consider small renovations or even just a fresh coat of paint. Remember, a property in top shape attracts reliable tenants and better rental income. (4) Navigate the Maze of Licensing and Regulations Edinburgh has specific licensing requirements, especially if you’re considering becoming an HMO (House in Multiple Occupation) landlord. But don’t get bogged down in the bureaucracy – let Cairn guide you through the complexities. (5) Set the Right Rent Research is crucial. Too high and you may struggle to find tenants; too low and you might not cover your costs. Cairn’s experts, with their finger on the pulse of Edinburgh’s property market, can help you set an appropriate, competitive rate. (6) Choose Your Tenants Wisely Selecting the right tenant can make or break your experience as a landlord. Comprehensive background checks and interviews will ensure you find trustworthy and reliable tenants. (7) Dive into Edinburgh’s Vibrant Communities Engage with local communities. Perhaps you own a flat in Leith, famous for its ports and cultural diversity, or a family home near the verdant meadows of Bruntsfield. Understand the unique pull of each area to market your property effectively. (8) Continuous Learning with Cairn Stay updated with property regulations, market trends, and community insights. Cairn offers continuous support and education to ensure you remain a top-notch landlord in Edinburgh. In conclusion, becoming a landlord in Edinburgh is not just about owning a piece of this historic city but being a part of its ever-evolving story. With Cairn by your side, this journey promises to be as exciting as a stroll down the Royal Mile during the Fringe! Get in touch with our Edinburgh Office.
Letting, Edinburgh, Glasgow, HMO licensing, HMO Properties, Landlords, Student Accommodation, West End
HMO licensing, Cairn, your trusted partner
HMO Licensing: Cairn, Your Trusted Partner The housing market in Scotland is diverse, comprising a vast array of property types, ownership arrangements, and regulatory guidelines. Among these, the realm of House in Multiple Occupation (HMO) stands out due to its unique licensing intricacies. For anyone embarking on the HMO journey, whether as a new landlord or an experienced one looking to expand, the complexities of HMO licensing can be daunting. Enter Cairn – your trusted partner in navigating these waters. The Significance of HMO Licensing In Scotland, if you plan to rent out a property to three or more unrelated tenants, it falls under the HMO category, and specific licensing regulations apply. The essence of HMO licensing is to ensure that properties rented to multiple occupants meet a higher standard of safety and well-being. According to data from the Scottish Government, there are thousands of licensed HMO properties across the nation. This significant number reflects the growing trend of shared living, especially among students and young professionals. It underscores the importance of ensuring that these properties meet the necessary standards, both for the safety of the occupants and the peace of mind for landlords. Cairn: Leading the Way in HMO Expertise Navigating the HMO licensing process can be a maze of checks, balances, and regulations. From ensuring the property adheres to fire safety standards, regular inspections, to equipping it with the right safety equipment – there’s a lot to cover. Cairn’s expertise in the field ensures that every box is ticked and every regulation met. But Cairn’s role isn’t just about compliance. It’s about partnership. They work closely with landlords, providing expert guidance every step of the way, ensuring properties not only meet but exceed standards. It’s no surprise that Cairn has positioned itself as a leading authority in the HMO property space. The Risks of Non-Compliance The consequences of not complying with HMO licensing can be severe. Landlords can face hefty fines or even imprisonment for not adhering to the regulations. In recent years, there have been instances where landlords faced legal actions and penalties for overlooking these rules. This further underscores the importance of having a trusted partner like Cairn, which ensures that you remain on the right side of the law. In Conclusion The world of HMO properties offers opportunities for landlords to tap into a growing market. However, the intricacies of HMO licensing require careful navigation. With Cairn as your trusted partner, you’re not just ensuring compliance; you’re promising a safer, better living space for tenants and a stress-free experience for yourself. For those in the HMO space or considering entering it, the message is clear – partner with the best. Partner with Cairn.
Letting, Edinburgh, Glasgow
I want to rent my property out – tips for getting started in Letting!
Have you ever found yourself thinking, “I want to rent my property out,” but feel overwhelmed by the process? You’re not alone. Many property owners recognise the potential benefits of letting but are unsure where to begin. That’s where Cairn Letting steps in, offering tailored solutions and engaging insights into the world of letting. Why Rent Out Your Property? Letting your property can provide a steady income stream, potential tax benefits, and an opportunity to grow your investment. Interestingly, private landlords contribute to a significant portion of the Scottish housing market, housing nearly one in five households. Understanding Your Needs: If the thought, “I want to rent my property out,” is on your mind, Cairn starts by understanding your specific goals. Whether it’s maximising rental income or finding long-term, reliable tenants, our bespoke approach ensures alignment with your objectives. Comprehensive Letting Service: Renting out a property involves various steps, from marketing to legal compliance. Cairn offers a complete service, handling everything from targeted advertising (reaching 98% of online property searchers) to stringent tenant checks. This comprehensive approach takes the worry out of the equation. Legal Compliance and Documentation: The legal landscape of letting can be intricate. Cairn navigates this maze, ensuring adherence to the numerous regulations governing private rental properties in Scotland. Our expertise guarantees your peace of mind and your property’s compliance. Ongoing Support and Management: With the average landlord spending a substantial amount of time managing a property, the commitment can be overwhelming. Cairn’s property management services liberate you from this responsibility, offering ongoing support, maintenance coordination, and more, allowing you to enjoy the benefits without the daily concerns. Transparent Pricing Structure: No hidden fees, no surprises. Cairn’s clear pricing structure ensures that when you think, “I want to rent my property out,” you know exactly what to expect. Transparency is our hallmark. Take the First Step: If the idea, “I want to rent my property out,” resonates with you, Cairn Letting Service is here to turn that thought into reality. With our comprehensive services, legal expertise, and ongoing support, we make renting out your property a seamless and successful venture. Contact Cairn Letting Service today for a free, no-obligation property assessment. With an exciting and dynamic rental market, there’s never been a better time to explore the opportunities waiting for you.
Letting, Edinburgh
Letting Edinburgh Tenements: Essential Tips For Maximising Returns
Letting Edinburgh Tenements: Essential Tips For Maximising Returns Welcome to Cairn Letting Agency’s blog, where we dive into the world of letting Edinburgh tenements. If you own a tenement property in Edinburgh, this blog post is your guide to maximising your returns. From understanding the allure of Edinburgh tenements for renters to effective property management strategies, we have you covered. Let’s explore essential tips for letting Edinburgh tenements and ensuring a successful and profitable letting experience. The Attraction Of Edinburgh Tenements For Renters Edinburgh’s tenements hold a special charm for renters, attracting them with their unique architecture, historical significance, and central locations. Tenements offer a sense of community, with close-knit neighbourhoods and bustling streets filled with local shops and amenities. Renters are drawn to the character and charm of these buildings, making them a desirable choice in Edinburgh’s rental market. Essential Tips For Maximising Letting Returns Expert Assessment of Compliance: Cairn ensures that your tenement meets all necessary requirements, providing guidance on works needed for compliance and offering cost estimations. Our team of specialists can help you navigate through the process of meeting regulations and optimising your property’s letting potential avoiding any unwanted expensive compliance issues. Learn more on Landlord legislation and compliance here. Effective Marketing and Tenant Selection: Maximising your returns starts with effective marketing strategies. Cairn Letting Agency employs a multi-channel approach to showcase your property’s best features and expose your tenement to the maximum amount of prospective tenants. We utilise professional property photography, engaging descriptions, and strategic online listings on popular platforms like Rightmove, Zoopla, our website and social media. Additionally, we cross-reference our extensive tenant database to find the perfect match for your property, ensuring a smooth tenant selection process. Location Matters: The location of your tenement plays a significant role in determining your returns. Properties in sought-after areas of Edinburgh, such as the city centre or near universities, tend to command higher rental prices. Understanding the market dynamics and capital growth potential in different neighbourhoods can help you make informed decisions and optimise your returns. Renovating and Maintaining: Investing in renovations and maintaining your tenement is crucial for maximising returns. Cairn Letting Agency offers a wide range of development services to cater to your specific requirements. Our team can provide insights into current market trends, assess your property’s potential for improvement, and offer multiple potential development options. We also provide access to numerous industry professionals for competitive quotes and we will ensure compliance with regulations while enhancing your property’s appeal. Learn more about Cairns development services here. Managing Your Edinburgh Tenement Property Cairn Letting Agency’s property management services are designed to alleviate the stress of managing your tenement. Our dedicated team conducts regular inspections, deals with tenant queries and property management issues promptly, and arranges qualified contractors for repairs. With our efficient management approach, you can rest assured that your property’s value will be maintained, and your tenants’ needs will be met. Learn more about Cairns property management service here. Choose Cairn To Let Your Edinburgh Tenement Letting Edinburgh tenements can be a rewarding venture when approached strategically. By understanding the attraction of these properties for renters, following essential tips for letting, maximising your returns through location-based decisions, and effectively managing your property, you can unlock the full potential of your Edinburgh tenement investment. Cairn Letting Agency, with our experienced team, comprehensive services, and commitment to excellence, is your trusted partner in achieving success in the Edinburgh letting market. Contact us today for a consultation and let us help you maximise your returns on Edinburgh tenements.
Letting, Estate Agency, News
Cairn Estate and Letting Agency: Our Website Redesign
Cairn Estate and Letting Agency: Our Website Redesign We are delighted to introduce our newly revamped website, meticulously designed to provide a more streamlined, interactive, and user-friendly experience for investors, landlords, tenants, and home sellers. The platform presents several innovative features and benefits catered specifically to these different user groups. An innovation achieved in collaboration with our strategic partner, Vertical Vertical. our new website offers a blend of aesthetics, usability, and brand resonance, we have curated a virtual space that’s set to redefine user experience in the property industry. From the first click, you’ll be greeted by a refreshingly modern interface, a direct result of a comprehensive design overhaul. We’ve infused a seamless and engaging journey throughout the site, ensuring each click unfurls an enjoyable interaction for our visitors. As we celebrate moving into our 25th anniversary (next year!), we’ve embraced a vibrant rebranding. Our refined brand guidelines reflect a renewed visual identity, featuring compelling new fonts and colours that resonate with our refreshed ethos. The improved aesthetics aren’t just skin deep, they form the DNA of our website, making your journey through our virtual estate as comfortable as a stroll in your dream neighbourhood. But the excitement doesn’t stop there! Our site now flaunts innovative features and pages. Discover valuable insights into our local presence on our branch pages and explore our exciting foray into short-term rental management on our dedicated Cairn BNB page. Effortless navigation is a hallmark of our new website, designed meticulously with an emphasis on UX/UI enhancement. The architecture of the site has been optimised to enable you to glide through our services and listings with utmost ease. We’ve also integrated interactive elements that make browsing more immersive, further encouraging user engagement. Our partnership with Vertical Vertical has been instrumental in this transformation. Their strategic approach and keen eye for UX/UI, combined with an understanding of our brand, led to a perfect synergy. They dissected the previous site, identifying areas of enhancement and redesign. The outcome is a website that’s not just appealing, but also aligns perfectly with our vision. The new features, fused with an improved design, help us cater to your needs more efficiently, enhancing the online visibility of our Estate and Letting Agency. Our revamped website is more than just a digital facelift—it’s a comprehensive tool designed to make the lives of landlords, tenants, home sellers, and investors easier. We invite you to explore the many benefits and features available to you on our new platform. Whether you’re a landlord seeking the perfect tenant, a tenant in search of a dream home, a home seller wanting to maximise exposure, or an investor aiming for profitable ventures—our website has you covered.
Letting, Dumfries & Galloway
Maximise Rental Income: The Top Letting Agent in Dumfries & Galloway
Maximise Your Rental Income with Cairn Letting Agency: The Top Letting Agents in Dumfries & Galloway Unlock the Potential of the Rental Market with Cairn Letting Agency in Dumfries & Galloway Are you considering renting out a property in the scenic region of Dumfries and Galloway? With a thriving rental market and a diverse range of tenants, there’s never been a better time to invest in rental properties. Cairn Letting Agency, the top letting agents in Dumfries & Galloway, is here to guide you every step of the way, ensuring a stress-free and profitable experience. The Dumfries and Galloway rental market offers promising opportunities for property owners. Currently, there are 21 properties for rent in the region, with an average monthly rent of £626. The majority of these properties are two-bedroom homes, renting for an average of £622 per month. One-bedroom properties command an average rent of £466 pcm, while three-bedroom homes fetch £650 pcm. Larger four-bedroom properties rent for an average of £1,050 pcm. At Cairn Letting Agency, we understand the importance of building strong relationships with tenants. We specialise in HMO (Houses in Multiple Occupation) properties since 1999 and offer a wealth of expertise in this area. We provide guidance on HMO applications, fire training, property management, and refurbishments, ensuring you meet all obligations as an HMO licensee and landlord. Our experience in the rental market speaks for itself. Our average time to let is just 7 days, compared to the market average of 3 weeks. We consistently achieve the highest rent levels the market will support, thanks to our reputation for high-quality, well-maintained properties. Cairn Letting Agency takes a personalised approach to property management, understanding that each property owner’s needs are unique. We build lasting relationships with tenants, ensuring smooth tenancies and proper care of your property. We keep you informed at all times, whether it’s to update you on a successful property inspection or to advise you on any necessary maintenance work to maintain your investment’s value. As your trusted letting agents in Dumfries & Galloway, we can help you determine the right target market for your property, be it families, young professionals, or students. With our guidance and support, you can maximise your rental income and minimise potential issues throughout the rental process. Partner with Cairn Letting Agency and experience the benefits of working with the leading letting agents in Dumfries & Galloway. Our expert guidance, personalised service, and hassle-free approach will empower you to unlock the full potential of the rental market in this beautiful region.
Letting, Edinburgh
Maximising Rental Return: Cairn Edinburgh’s Premier Letting Agent
Maximising Your Rental Returns with Cairn: Edinburgh’s Premier Letting Agency Navigating the Edinburgh rental market can feel like a roller coaster ride, thrilling yet full of twists and turns. With average rents escalating to £1,372 per month and time-to-let averaging a speedy 18 days, landlords are truly on an exhilarating ascent. As an esteemed Edinburgh Letting Agency, Cairn is here to make sure you not only enjoy the ride but also reap the maximum benefits. The rental market in the Scottish capital is nothing short of a gold mine, especially for those with two-bedroom properties which have seen a staggering 78.5% increase in rental rates over the past decade. A property in Edinburgh is not just a home; it’s a long-term investment that keeps on giving. Whether you are a seasoned property mogul or a new landlord dipping your toes in the rental waters, Cairn’s comprehensive letting services are designed to help you make the most of this thriving market. With an eye-catching “TO LET” board, we announce your property’s availability to the world. Our digital marketing strategy ensures your property is featured on key online residential letting portals, including RightMove and Zoopla, as well as Cairn’s own website and social media channels. Tangible marketing efforts, like our property list and window card, further boost your property’s visibility. Cairn’s services extend beyond marketing. We host open or accompanied viewings to showcase your property to prospective tenants. Our tenant-finding process is meticulous and efficient, cross-referencing our extensive database of active tenants to find the perfect fit for your property. Our diligent vetting process, which includes credit, employment, and income checks, ensures that your tenants are reliable and capable. In a market as vibrant as Edinburgh’s, compliance is key. We assist with landlord registration and organise inspections to ensure your property meets all statutory standards. Rent and deposit collection are seamlessly managed, with the deposit transferred into the Tenancy Deposit Scheme and rent collected in advance. We take care of every aspect of tenancy creation and termination, from preparing the lease and handling the lease signing to transferring utilities and council tax into the tenants’ names. We also issue notices for rent increases and tenancy termination, ensuring that every legal aspect is covered. Our commitment to you doesn’t end once the tenants move in. We carry out regular inspections, manage any property-related queries, and arrange contractors for necessary repairs. Our comprehensive reporting keeps you updated, ensuring your property remains a rewarding investment. In a city where two-bedroom flats in EH12 yield a whopping 6.8% return and three-bedroom properties in EH8 follow closely with 6.5%, it’s clear that the Edinburgh rental market is attractive for landlords. Cairn, your trusted Edinburgh Letting Agency, is here to ensure you play smart and find your winning formula. Let’s embark on a property journey together and make the most of the booming Edinburgh rental market.
Letting, AirBNB
Maximising Profit in Short-Term Letting Management: A Guide
Maximising Profits with Short-Term Letting: A Complete Guide to Management Are you considering short-term letting for your property? Short-term lets, also known as holiday lets, have become increasingly popular in recent years due to the rise of Airbnb & short let rental platforms. It offers property owners the opportunity to earn extra income by renting out their property for a short period of time. However, managing a short-term let property can be challenging, especially if you are new to the industry. Introduction to Short-Term Lets and Holiday Lets Short-term lets refer to the renting out of a property, usually less than six months. Holiday lets, on the other hand, refer to the rental of a property for holiday purposes. Both types of letting involve renting out a property to guests who are looking for a temporary home away from home. Short-term lets can range from a single room in a shared apartment to a whole house or apartment. The rise of popular rental platforms like Airbnb & Booking.com has made it easier for property owners to rent out their property for short periods. These platforms allow property owners to list their property, set their own price, and connect with potential guests from all around the world. Short-term letting has become a popular alternative to traditional long-term rentals, as it offers greater flexibility and higher potential income. Short-Term Letting Services and Their Benefits Short-term letting services like CairnBNB offer a range of benefits for property owners, including: Professional management: Short-term letting including guest screening, cleaning and maintenance. Increased occupancy: help to increase occupancy rates and maximise rental income. Earn higher income compared to long-term rentals: Short-term lets can be priced higher than long-term rentals, especially during peak seasons or major events. Peace of mind: Short-term letting services provide peace of mind for property owners who do not have the time or expertise to manage their property themselves. Flexibility: Unlike long-term rentals, short-term lets allow property owners to use their property when it is not being rented out. Risks and Challenges of Short-Term & Holiday Letting While short-term letting can be a lucrative business, it also comes with risks and challenges. One of the main challenges of short-term letting is the need for constant management and maintenance. Unlike long-term rentals, short-term lets require regular cleaning, restocking of supplies, and maintenance of the property. This can be time-consuming and may require hiring additional staff or contractors to manage the property. Another risk of short-term letting is the potential for damage or theft of the property. Short-term guests may not treat the property with the same care and respect as long-term tenants, which can result in damage to the property or theft of valuable items. Property owners should ensure that they have adequate insurance coverage to protect against these risks. Understanding CairnBNB and its Services CairnBNB is a dedicated short-term letting management arm of Cairn Property, this focused department provides property owners with a range of services to help them manage their short-term let properties. CairnBNB offers a full suite of management services, including property listing, guest screening, cleaning and maintenance, pricing optimisation, and guest communication. One of the main advantages of using a management company like CairnBNB is that it allows property owners to outsource the day-to-day management of their property into these high-yielding, online portals. This can be especially beneficial for property owners who do not live near their rental property or who do not have the time or expertise to manage the property themselves. Importance of Property Management in Short-Term Letting Effective property management is essential for maximising profits with short-term letting. Property management involves a range of tasks, including guest communication, maintenance, cleaning, and pricing optimisation. Property owners who manage their properties themselves should be prepared to invest time and resources into these tasks to ensure that their property is well-maintained and profitable. Short-term letting can be a lucrative business for property owners who are willing to invest time and resources into effective management, pricing, and marketing strategies. Whether you choose to manage your property yourself or use a management service like CairnBNB, effective management is essential for a successful outcome. Are you ready to maximise your profits with short-term letting? Contact CairnBNB today to learn more about our services and how we can help you achieve your short-term letting goals. Visit our CairnBNB section to learn more.
