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Letting, Glasgow, Property Careers, Property Managers, Recruitment
What’s it like to work at Cairn?
What’s it like to work at Cairn? The key to Cairn’s success is its people and our commitment to high quality and personal customer service. There are lots of opportunities within Cairn, from working within letting, estate agency, property investment, finance, and development. This post is for anyone considering a new challenge and is a […]
Letting, Edinburgh
Moving from Short-Term Letting into Long-term letting – Edinburgh
Transitioning from Short-Term to Long-Term Letting in Edinburgh In recent years, Edinburgh’s property market has seen a significant shift from short-term to long-term letting. This transition offers various advantages for property owners and requires careful consideration and strategy. Cairn Letting & Estate Agency, with our extensive experience in both short-term and long-term letting markets, provides invaluable guidance in this transition. Edinburgh, a city known for its vibrant culture and history, attracts a diverse range of tenants. The letting market here is dynamic, with short-term rentals traditionally popular due to tourism and events. However, the trend is tilting towards long-term letting, offering stability and a steady income stream for landlords. The shift to long-term letting brings several benefits. It offers a more predictable and stable income, compared to the seasonal fluctuations of short-term rentals. Furthermore, it allows landlords to build lasting relationships with tenants, which can lead to better care and maintenance of the property. Transitioning to long-term letting involves understanding the legal and regulatory changes, such as tenancy agreements and property standards. Property owners must also consider the suitability of their property for long-term occupancy, which might require different amenities and maintenance compared to short-term rentals. Cairn Letting & Estate Agency stands out in facilitating this transition. Our comprehensive services include legal advice, property assessment, and effective tenant matching. Our team of experts ensures that your property meets the requirements for long-term letting and helps you navigate the process smoothly. For property owners in Edinburgh, moving from short-term to long-term letting represents a strategic shift in the approach to property management. Cairn Letting & Estate Agency offers the expertise and support needed to make this transition a success. If you’re considering this move, reach out to us for professional guidance and ensure your property reaches its full long-term letting potential.
Letting, Glasgow, Guides, Landlords, Legislation, Tenants
LATEST UPDATE ON THE REPAIRING STANDARD JAN 2023
Latest update to the Repairing standard – Lead Pipes Private rented properties as we all know are heavily regulated and in addition to all other requirements expected to be adhered to, all private landlords must ensure that their properties are served by a water supply system that is in a reasonable state of repair and […]
Letting, Estate Agency, General, Landlords, News, Social Responsibility
Cairn – Our Social Responsibility
Cairn – Social Responsibility Cairn care for the future of our planet, people, and wildlife. We want to do “our bit” ethically and sustainably to make sure we are being as good to the planet as we can be. We cannot rely on governments to reduce our carbon footprint. We must all take responsibility. […]
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.
