Find out more about our inventory check out services

With so many more people renting rather than buying nowadays – especially in London – it’s important that landlords, tenants and property inventory providers work together closely to ensure that everything runs smoothly, both when a tenant moves into and out of a property.

That’s why services such as our own inventory check out services in London here at Yellow Oak Inventories LTD are as important as ever.

 

What are check out inventory?

The main point of a check out inventory is to compare the original signed inventory – taken out when the tenant first moved into the property in question – with the current condition of the property. Check outs take place at the end of the tenancy, and normally occur with the vacating tenant present.

 

What is assessed during an inspection?

It’s often the littlest things that count during a check out inspection. Did you know that 80% of the costs caused at check out are a result of poor cleanliness?

The condition of the furniture is checked, as are curtain rods and blinds to ensure that they are working correctly. Domestic appliances need to be checked to ensure that they still have electrical power, while the batteries in smoke/heat and carbon monoxide alarms are also tested.

The inventory check out also looks for damage and the cleanliness of:

  • Carpets and rugs
  • Walls
  • Bathroom furniture
  • The kitchen
  • Windows (exterior and interior)
  • Tidiness of garden (if applicable)

 

What else does a check out involve?

As well as the inventory, check outs normally include a host of other occurrences. Here at Yellow Oak Inventories LTD, for instance, we take full-colour digital photographs of every room in the property, in addition to photos of any specific damage, should there be any.

All being well, at the conclusion of the inspection, the keys will be collected from the outgoing tenant. With all of the above said, a tenant moving out can be a trying and stressful time for both tenant and landlord, even if no great problems occur with the check out inspection.

Thankfully, Yellow Oak Inventories LTD is here to assist with all of your property inventory needs. Our experienced and efficient clerks can assist with everything from check in inventories to check out inventories, so please don’t hesitate to contact us for further information.

Many London landlords ‘would sell up if forced to cap rents’

A recent London Assembly-commissioned report predictably suggests that London landlords are unsupportive of rent controls, and that many would exit the private rental market altogether if they were ordered to cap or cut their rents.

The survey of 174 landlords was carried out by the Cambridge Centre for Housing and Planning Research, and considered six proposals for the cutting, capping or freezing of rents in the private sector. According to the study, most of the capital’s rented properties are currently let out on the basis of a six or 12-month shorthold tenancy, an arrangement that has been criticised for the little security that it gives to tenant families.

More than half of the polled landlords did say that they would consider offering three-year tenancies if they were provided with appropriate tax incentives – although some warned that they would be wary of offering long-term tenancies to such “risky” groups as families or housing benefit claimants.

Three quarters of the landlord respondents admitted that being forced to slash their rents by a third would prompt the sale of some of all of their properties – with many complaining that there would be no incentive for them to invest in maintenance if attempts were made by the government to stabilise rents.

However, with the period between 2013 and 2014 having seen an 11.9% jump in the cost of a new tenancy in London, it’s clear that the price of rents in the capital is a hot-button issue that will not go away any time soon – causing concern for all parties that might need to enquire about an Inventory Clerk in in central London.

Nonetheless, the report concluded that “With the right safeguards in place, it would seem likely that longer tenancies could become more normal in the UK without causing any negative impacts on housing supply.”

Such times of uncertainty if you are a buy-to-let landlord in the capital are only making it all the more crucial to do everything possible to ensure longer-term peace of mind – and the right rental inventory in central London from a reputable organisation like Yellow Oak Inventories LTD can certainly help in that regard.

Our own inventory service includes detailed reports, digital colour photographs of every room and information on the level of cleanliness and any specific damage that may have occurred. We can even give you a fast report turnaround – so if you require the reassurance that the complete impartial rental inventory in central London can bring, look no further than Yellow Oak Inventories LTD.

 

 

 

Labour mayoral candidate lays out London housing policies

The Labour London mayoral candidate, Sadiq Khan has revealed his policies on housing – and it seems that rental controls are high on his list of priorities. Earlier this year, Khan told the New Statesman that he plans to introduce what has been called a “London Home Bond”, which will be bought by investors in order to fund housing.

Khan, who defeated Blairite candidate Tessa Jowell in what was seen as a surprise victory, also plans to introduce a number of land release and planning measures. Yellow Oak Inventories LTD is a leading provider of London property inventory services and can therefore be of assistance if you require inventory services during this period of uncertainty for the capital’s private rented market.

Khan has proposed a 50 per cent target for “genuinely affordable homes” in new developments. He also intends to use planning powers to stop ‘buy-to-leave’ purchases and says that he plans to do all he can to “protect Londoners renting in the private sector”, including bringing in a new London Living Rent model, which will link rents to a third of income. Khan has added that he would push the Government into freezing private sector rents and introduce a social housing letting agency.

In related developments, an east London council has purchased an entire block of flats, which it plans to let at below-market rates. Barking and Dagenham LBC purchased the flats from construction business Bouygues, bringing 144 new homes into the private rental market by October. A spokesman for the council described it as an “innovative” decision designed to help “generation rent”. More than 1,000 people have already expressed an interest in the homes, according to the council’s Hakeen Osinaike. The properties cost the council £45m, which came through a credit facility secured from the European Investment Bank.

The two developments come at a time of great uncertainty for London landlords, many of which have been accused of charging excessive rents. Here at Yellow Oak Inventories LTD, we can help if you are concerned about future market developments and require the peace of mind provided by a professional, impartial inventory. We are the number one choice for a number of London landlords and can provide you with the excellence that you require.

Get in touch with the Yellow Oak Inventories LTD team today to learn more about how we can help.

 

Tube map depicting London rental values goes viral

A new Tube map has been released showing the median cost of one-bedroom flats within a kilometre of every London Underground station. The map features information related to each line except the Circle line, as each stop on the Circle line is also part of another line. It shows that Hyde Park Corner (Piccadilly Line) is the most expensive, at £2,920 a month, with the cheapest being Hatton Cross at £324.

The map was put together by the Thrillist site, and has since gone viral – no doubt talked about by many of those, including landlords, letting agents and tenants alike, who may need to request a property inventory in London at some point in the coming weeks and months. The map demonstrates that prices rise the closer you get to Central London – and was released just days after a story about a tiny shed available for rent in one of the capital’s living rooms for more than £500 a month.

The map further illustrates how people earning a modest wage are being forced to live out of the centre of the city, with staff in entry-level jobs having to commute some considerable distance to get to work. This has led to suggestions that those on a low income are being priced out of London, as employers struggle to find workers for entry-level jobs due to the capital’s travel costs, which can take a sizeable chunk from monthly incomes.

Those seeking affordable accommodation around the capital are currently best catered for by areas near Hatton Cross, Redbridge and South Ruislip. The most expensive flats, meanwhile, are located near Hyde Park Corner, Knightsbridge, Green Park and Bond Street.

Here at Yellow Oak Inventories LTD, we specialise in providing inventories for landlords, tenants, relocation agents and letting agents. Our services are designed to protect the best interests of all parties, while helping to keep disputes and confusion to a minimum. We are a wholly impartial service offering richly-detailed inventory reports with digital colour photographs that ensure in-depth records of properties can be referred to during inspections.

All of our staff members are trained to the highest standards and are completely up-to-date with the latest legislation. Unlike some companies, we are also available on Sundays and Bank Holidays, and are APIP and AIIC accredited. Why not talk to us today if you require high quality London property inventory services from a leading company?

Another London council contemplates private rental licensing

Barnet seems to be following a number of London councils by moving closer towards increased private rental sector licensing. The authority, which is now in the last two weeks of a consultation on the subject, says that it wants to bring in additional licensing for small and other types of Houses in Multiple Occupation (HMO), alongside the licensing for landlords of larger HMOs that already exist. These licences are related to HMOs of three storeys or more with five or more people living in two or more households and shared kitchens or bathrooms. The consultation is due to close on September 17th.

The council proposes that licences should be introduced for smaller HMOs, including those with two or more storeys, four or more people living in two or more households with some or all of the facilities being shared. They will also cover some types of houses and buildings that have been turned into flats. Examples might include shared houses and flats, hostels, properties with live-in landlords and student accommodation.

The consultation was intended to investigate how the quality of private rented accommodation could be heightened through the introduction of such licensing. A spokesman for the council said that they were looking forward to hearing the thoughts of as many people as possible.

Such a development signalling a move to even more private licensing of landlords in London highlighted the importance of investors ensuring that suitably impartial and extensive inventories are carried out to help protect their cash flows. Here at Yellow Oak Inventories LTD, we want to hear from you if you require inventory services in London. We are a professional, independent organisation with many years of experience to draw upon. All of our clerks are also fully-insured and we can offer on-site feedback.

We are accredited by APIC and AIIC, and have worked with a large number of landlords, tenants, relocation agents, letting agents and housing associations. Yellow Oak Inventories LTD can offer a bespoke service tailored to your exact needs. An extended out of hours service is available and we can even work with you on weekends and bank holidays.

Why not get in touch with us today if you need to arrange an inventory of the highest standard for your London buy-to-let property?

 

London asking prices accelerate ahead of rest of UK

Landlords, tenants and letting agents requiring a property inventory clerk in central London or hoping to soon be in a position to do so, may be interested in new figures showing a pronounced difference between average asking prices in the capital and those in other areas of the country.

The data from Home.co.uk showed that asking prices in England and Wales had gone up by 0.6% in July, and in Scotland, had not changed at all. The big story for many, however, will be the 1.5% month-on-month rise in London’s asking prices and the 12.5% increase over the last year. This compared to 6.2% annual price growth in England and Wales and 3.6% in Scotland.

It all means that someone wishing to purchase a property in England or Wales – whether for buy-to-let or other purposes – can expect to be charged an average of £281,497 and in Scotland, £167,680. The equivalent London figure, however, is £525,145.

Prospective clients of a property inventory in central London may also take into account the property supply situation across the capital and the wider UK when considering additions to their portfolio. There has been a 10% decline over the last 12 months in the supply of property for sale across the country, with the quickest regional market still being the South East, where properties only typically spend 61 days on the market.

While Home.co.uk director Doug Shephard said that there had been speculation about an imminent rise in mortgage rates, the UK property market was still enjoying considerable momentum. He said that prices were continuing to be pushed upwards by a combination of buyer demand and insufficient supply, albeit not as fast as last year.

Shephard commented: “The supply crisis is becoming more acute, and July recorded the lowest number of properties entering the market for that month since the onset of the financial crisis. Lack of supply is felt most keenly in London and the East of England, where the volumes of properties entering the market are down 23% and 16% respectively.”

The situation prevailing in the capital of ever-increasing prices, the shortest marketing times in the country and a seller’s rather than buyer’s market will give many a landlord and letting agent food for thought as they also contemplate the best company from which to request a property inventory in London.

Naturally, here at Yellow Oak Inventories LTD, we believe that we are that company, and we take considerable pride in our ability to provide a wide range of clients in the capital with the most professional, complete and impartial inventory service.

London still tops list of UK buy-to-let hotspots

Landlords seeking the peace of mind that comes with a suitably detailed, impartial and professional property inventory in central London may be further assured that they are in the right place by the latest list of buy-to-let hotspots issued by Barclays Mortgages.

The company analysed over 500 of its customers who bought a buy-to-let property in 2014 or 2015, from which it compiled its data. 500 owners of buy-to-let property were also surveyed, with 75% of them stating that they owned more than one property. Multiple properties were especially common among Bradford and Glasgow landlords.

Remaining in the same top spot that it occupied last year in Barclays Mortgages’ survey was London, with Birmingham in the runner-up position – up from seventh last year. Bristol was third – the same position that it held in 2014 – with Nottingham, Manchester, Reading, Leeds, Southampton, Peterborough and Slough rounding out the top 10.

The presence elsewhere in the top 20 of London commuter towns like Luton and Milton Keynes indicates the willingness of many landlords to look outside the capital for value. Such news comes on the backdrop of an uncertain time for buy-to-let, with Chancellor George Osborne’s recent Budget having seen the announcement of restrictions to longstanding landlord tax breaks.

Not only will there be limits to the tax relief that wealthier buy-to-let investors can presently claim before the next election, but in April next year, the current “wear and tear allowance” will be replaced. Whereas this arrangement enables landlords to minimise their amount of tax payable irrespective of whether furnishings in their property are replaced, the new system will only offer tax relief when new furnishings are brought in.

Nonetheless, the buy-to-let market remains in rude health, as indicated in part by the Council of Mortgage Lenders’ (CML) disclosure of a 22% increase in buy-to-let lending in the year to May. This suggests that there are plenty of prospective investors out there – whether in London or such other popular areas revealed by the aforementioned analysis as Ilford, Harrow, Edinburgh, Swindon or Plymouth – looking to expand their buy-to-let portfolios or become landlords for the first time.

For those in the capital, however, it remains as crucial as ever to request the right property inventory in central London from a company that is renowned for its professionalism and thorough approach – a firm like Yellow Oak Inventories LTD, with its friendly and capable staff who are awaiting your call.

 

Prime central London rents experience slow annual growth in June

Yellow Oak Inventories LTD 4Annual growth in rents in prime central London reached a relatively cautious 3.4% in June, according to a new report. The surprise general election result has left the lettings market in the popular area of the city optimistic but still to adjust, says the report, which will certainly make interesting reading for those contemplating a professional inventory service in London or elsewhere.

This June figure means that this vital part of the rental market has now recorded yearly growth for 12 consecutive months. This follows previous forecasts by many industry observers that the re-election of the Conservatives to power in May would help to ensure a lengthy period of stability in the market.

However, while the prime central London rental market continues its wait for an expected significant summer rise in its rental values, demand has lacked consistency and rental companies are yet to fully come to terms with an election result that had been far from widely anticipated.

The report also revealed that some areas are seeing higher stock levels, due to landlords having awaited clarity around the general election result prior to deciding whether to rent out their properties.

The health of the prime central London rental market is strongly linked to that of the wider British economy, with stock levels increasing due to some landlords’ conviction that the economy is in better hands when overseen by a majority Conservative government.

However, in response to the report’s findings, property experts have also urged landlords to set realistic asking rents, as the higher stock levels have made prospective tenants choosier. It is not only landlords in prime central London who should remember this, as the national economic picture for the rest of 2015 is uncertain amid a range of factors.

These factors include several major financial institutions contemplating whether government plans for a referendum on the UK’s membership of the European Union and the reclaiming of bonuses paid to bankers should lead them to shift operations outside the country.

This unclear economic forecast could have repercussions well beyond London, so many landlords could benefit from the greater certainty that a professional inventory service from Yellow Oak Inventories LTD could bring to their lives.

 

Growth of London rental market recovers following stagnant period

Yellow Oak Inventories LTD 4London residential landlords are likely to be much heartened by news that, in the three months to May, housing rental prices in the capital recovered their pace of growth after a recent period of stagnation. This revelation is in a recently published rental index from HomeLet that makes interesting reading for residential landlords considering London property inventory services.

This rise in London rental prices has prevented the rest of the UK from catching up with the capital in the rate of increase in residential rental prices. There remains, unsurprisingly, a significant gulf in these prices between London and the rest of the country; although the UK’s average rent in the three-month period was £935 monthly, this number falls to £738 when London is excluded.

Greater London was among the regions that saw the most substantial increases in their housing rental markets. The area’s growth percentage was 9.2%; only South West England, Scotland and South East England, with rates of 13.6%, 9.6% and 9.4%, had higher growth.

Greater London was also the first area in the index’s history to have its monthly rents surpass £1,500. Although the area’s average rent during the three months was actually £1,472, for strictly new tenancies signed in May, that number was £1,506.

The London property market, like the national market, slowed in the approach to the general election; however, with another election not currently due for nearly five years, the capital’s residential property market has good reason to expect a lengthy period of greater stability and uninterrupted growth.

These circumstances also make considering London property inventory services from Yellow Oak Inventories LTD wiser for many residential landlords. If you are a current or prospective London landlord, you should consider that with your property likely to be in greater demand than ever, it has never been more important to have a comprehensive inventory carried out to ward off potential disputes with tenants.

Yellow Oak Inventories LTD can provide you with a professional, impartial and detailed inventory that can indicate exactly what the rental property was like when it was inspected. This can take so much of the stress and hassle out of being a London landlord, so that you can look forward to enjoying your yield.

Buy-to-let valuations accelerate as first-time buyers decline

Yellow Oak Inventories LTD 4If any more evidence was needed that now is definitely the time of the buy-to-let landlord rather than the first-time buyer, it is surely in new figures released by a prominent survey and valuation firm. It will make encouraging reading for many of those considering or currently taking advantage of Yellow Oak Inventories LTD’s expertise as a property inventory provider.

According to the data, buy-to-let valuations were up by a third in May compared to the same time a year earlier – with the same period seeing a 4% slide in the number of valuations for first-time buyers. It was a similar story on a month-by-month basis – while there were 2% fewer first-time buyer valuations in May than in the previous month, there was a 3% increase in buy-to-let valuations.

The figures paint a picture of a booming buy-to-let market, in which existing landlords seek to add to their portfolios while others look to become landlords for the first time. First-time buyer activity, though, was sluggish – not only in the context of the wider property market, but also compared to the situation in April. This was despite the weeks leading up to the election being especially uncertain ones for those looking to buy a home.

As fewer people search for a home of their own, however, more of them decide to remain tenants – a situation that is undoubtedly benefitting landlords. As well as the current market trends in favour of landlords, another thing that is clear is the very real need for a professional property inventory.

An impartial and detailed inventory recording the exact state of your rental property at the time of inspection is an invaluable tool for avoiding any disputes between you and your tenant when the tenancy comes to an end.

Yellow Oak Inventories LTD is a truly independent party, and can provide the complete property inventory in Milton Keynes – consisting of a report supplemented with digital colour photographs – to give you the ultimate peace of mind ahead of your next tenancy agreement, whether you are a new or current landlord.

 

 

 

New survey helps emphasise the importance of inventory reports

yellowoakA survey conducted by an online letting agent has revealed that most landlords in the UK find their full or part-time jobs less stressful than managing their rental properties, underlining the importance of contracting a professional inventory service.

The survey suggested that arrears create the most cause for concern, with 87% of participants linking them to stress, while 80% cited the prevalence of tenant complaints. Research also indicated that 43% were concerned about the difficulties associated with repairs, with 40% drawing attention to new immigration laws and 28% troubled over securing financing in order to expand their property portfolios. Furthermore, 25% mentioned tax, while 23% blamed partners without a full understanding of the struggles involved in managing buy-to-let properties.

However, the survey did draw attention to the negligible amount of reported stress that came as the result of finding new tenants, a strong reminder of the demand that the market is currently experiencing.

Taking both the strong demand for rental properties and the anxiety over arrears into account, we suggest that there has never been a better time to conduct thorough reference and background checks. Identifying problem tenants will save on potential evictions and arrears in the future, so we would advise that you run credit checks, ask for proof of both identity and address and talk to your prospective tenant in order to assess their character.

You should also take advantage of Yellow Oak Inventories LTD’s professional inventory service. Landlords rely upon our service to create exhaustive inventory reports detailing the condition of their property, contents, fittings and fixtures before it becomes occupied by the tenant. This can then be used as a binding agreement between them and their tenants, protecting them from the cost of repairs that were not their fault.

Yellow Oak Inventories LTD is APIP and AIIC accredited, with years of experience within the property industry, so each of our clerks is an expert in uncovering damage hidden by tenants. Each report is comprehensive and supported by digital colour photographs of every room and specific piece of damage. If you want to lower the level of stress associated with owning a buy-to-let property, just contact one of our team members today.

 

 

5 tips for buy-to-let newcomers

Yellow Oak Inventories LTD 4Now might seem to be a good time to get into buy-to-let, not least with a seemingly landlord-friendly government having just been elected. However, just because there’s now no prospect of rent controls or a ‘mansion tax’, doesn’t mean that you can be reckless in entering this market. Even in the most advantageous times for landlords, buy-to-let has its risks, just like any other investment. Here are 5 tips that we would give as an Independent property Inventory provider.

  1. Decide between a cash or mortgage purchase

While a cash purchase is tempting if you are fortunate enough to have the funds, we would still recommend an interest-only mortgage, on the basis of the better returns that it earns you.

When you buy with a mortgage, you only pay back the loan interest rather than the capital that the house is worth. A Wriglesworth Consultancy survey revealed a 16.3% return per year for buy-to-let properties bought between 1996 and 2004, compared to the 9.3% annual return garnered by cash purchases.

 

  1. Define the aims of your investment

Your present circumstances will largely dictate this. Do you want your property to support your income? If so, you will want one that delivers steady earnings from rental yields. If you are saving more for the future, however, you may instead look for long-term capital growth.

 

  1. Carefully research your location

Knowing your answer to the above will help you to better determine a good location in which to invest. Areas with average house prices but pronounced rental demand tend to offer strong yields, whereas it is those places with the strongest and growing economies that usually offer the best prospects for capital appreciation, due to the combination of limited housing supply and high demand.

 

  1. Choose a property that will rent well

It’s all very well to invest in a pretty cottage or handsome mansion that you could imagine living in yourself, but you should remember that you aren’t buying accommodation for yourself – you are investing capital into a property that will house someone else. How much maintenance will be needed on the property? What is the standard of insulation? Is there space for tenants to park? These are the practical questions that you will need to ask yourself.

 

  1. Always have a professional inventory carried out

Yes, you would expect us to state this one, given our own professional service as a property inventory provider – but its importance cannot be doubted. With the right, impartial record of the property’s condition prior to the tenant moving in, you can protect yourself and ward off potential disputes. It’s your first line of defence when the time comes to accept your first tenant – so don’t skimp on it.

 

Most tenants aren’t given their full deposit back

A new sYellow Oak Inventories LTD 4tudy has found that most people who have rented a property in the UK in the last five years haven’t been able to secure the return of their full discount after vacating. In what ought to be a timely reminder of the importance to tenants as well as landlords and letting agents of a property inventories, London removals company Kiwi Movers said that 52% of deposits over the last half-decade were either partially or fully withheld.

That is the equivalent of more than 400,000 deposits per year, with eight in every 10 tenants overall having some degree of trouble in getting back their deposit. The research revealed cleaning and minor repairs to be the most frequent justifications for withheld deposits. However, 28% of respondents said that their landlord delayed handing back their deposit, even though they didn’t make any deductions.

6% of those who said they had encountered difficulties with getting their landlord to return their deposit didn’t get any of their deposit back at all – the equivalent of 252,000 deposits being completely withheld since 2010. 46% only saw part of their deposit returned. Two in 10 respondents claimed to have had no problems in getting their deposit back, while 28% said they’d had a dispute with their landlord or letting agency, but nonetheless managed to get their deposit back in full.

London is where tenants are most susceptible to deposit disputes, with the equivalent of 11% of the capital’s residents failing to get a penny of their deposit back – almost twice as high a percentage as the survey average. The most likely tenants to lose their full deposit were those aged between 18 and 24 who were living with friends, rather than alone, with a partner or spouse or with people they didn’t know prior to their move.

Kiwi Movers director Regan McMillan said that tenants were increasingly hiring professional cleaners before checking out of a rental property in an attempt to combat landlords withholding part or all of their deposit, adding: “Our customers tell us they feel vulnerable unless they have paperwork to prove that they left the property in an acceptable state. Moving is stressful enough without having your deposit unfairly withheld.”

Such paperwork could be in the form of a property inventory of the standard that we provide here at Yellow Oak Inventories LTD. A comprehensive and impartial property inventory, carried out by a fully regulated and professional provider like Yellow Oak Inventories LTD isn’t merely of value to the landlord or letting agent, it also gives the tenant invaluable peace of mind when they come to check out.

 

 

What to consider when letting your property out to students

Yellow Oak Inventories LTD 4Choosing to let a property out to students comes with an extensive list of both advantages and disadvantages. Student houses are typically easier to fill and don’t require the latest fixtures or furniture. However, students tend to be far less responsible than mature tenants.

Since we first offered a professional inventory service in Milton Keynes and London, Yellow Oak Inventories LTD has dealt with many of the student properties clustered around the Milton Keynes campus operated by the University of Bedfordshire as well as multiple locations in London. From our years of experience, we can offer the following advice to prospective student landlords.

Prioritise size and location

If you’re currently looking for a property, remember that students enjoy being close to both the university and each other. Try to determine where most student properties are currently located in order to find a place with long term potential.

You should also attempt to find a larger property with multiple bedrooms. Students prefer to live in larger groups, and are known to accept smaller rooms if they’re able to live with all of their friends. Larger properties are often easier to fill, and will yield higher returns.

Become accredited

Most universities maintain a list of accredited landlords that are recommended to students. Students usually place a lot of faith in these lists, as this will typically be the first time they’ve rented.

Getting on these lists is generally a relatively easy process, though you will have to contact the university in question in order to be informed of the exact requirements.

Protect yourself

The most common risk associated with letting out a property to students is that they might not bother to take care of it. Damage to furniture and flooring can be all too common, so it is important to take advantage of an inventory service provider, such as Yellow Oak Inventories LTD. Our clerks take extensive notes and colour photographs to help ensure that there are no problems when the property is vacated.

We are one of the most professional inventory services that operate in Milton Keynes and London, so we’re well aware of the ways in which tenants try to hide damage from their landlords.

To learn more about our professional property inventory service simply contact us today.

 

Why is Yellow Oak a leading inventory company in London and the South East?

Landlords require total peace of mind, and our years of experience within the industry can help to provide it. Yellow Oak Inventories is a certified member of APIP and AIIC, and we’re here to offer you a service that is both fully independent and reliably professional.

We have experience of working with corporate and independent letting agents, housing associations, relocation agents, landlords and tenants. The expertise that this experience has fostered has made us a trusted choice when looking for an inventory company in London and the South East.

Our fully insured clerks are highly experienced and have developed a strong knowledge of what to look for during inspections. Problems that tenants typically attempt to hide – usually to the disadvantage of their landlords – are spotted in an instant, and our detailed reports and digital colour images can provide a complete overview concerning the property.

Despite the exhaustive nature of each report that we provide, all jobs experience a fast turnaround. Extended working hours run from 8am-8pm during the working week to ensure that we can accommodate the timetables of both landlords and tenants. We’re even available on Saturdays and bank holidays.

We can provide a range of inventory checks that offer protection throughout a given tenancy. In addition to our inventory reports, we offer check in and check out reports, mid-term reviews and snagging reports. Using our services means that you’ll be provided with steady information concerning your property, and an objective set of reports and photographs to use if disagreements and/or legal proceedings take place between you and the tenant.

The services of Yellow Oak Inventories are available at affordable prices, differing depending on the size of the property and the extent of the required report to make sure that we charge a fair price for every job undertaken. Our standard price list for properties in London starts at a competitively low level for an interim inspection of an unfurnished studio, with costs only rising for larger, furnished properties due to the greater amount of time necessary to complete a detailed report.

For a reliable and trusted inventory company in London, don’t hesitate to contact one of our team members here at Yellow Oak today.

 

 

Unauthorised pets and redecoration among tenant secrets kept from landlords

Anyone who takes advantage of a professional inventory service in Milton Keynes, London, Luton and the Home Counties from a company like Yellow Oak Inventories LTD will appreciate the importance of a trusting relationship between the landlord and tenant if a tenancy is to be a success. However, that doesn’t stop many tenants keeping potentially damaging secrets from their landlords.

Further light was recently shed on this by a survey of tenants by an online letting agent. Well over half of tenants polled – 59 per cent – admitted to keeping pets without authorisation, which could result in damage to the property that may not be detected in the absence of an inventory. Much the same could be said of redecorating without the landlord’s permission – 45 per cent of tenants confessing this.

Other findings of the report that will interest many clients of a professional inventory service in Milton Keynes include the admission by one in three tenants that they had caused damage to walls by knocking in nails, as well as nearly a quarter of respondents saying that they had never or rarely cleaned their oven. Nor had 18 per cent even mowed the lawn regularly.

11 per cent of tenants stated that they had dumped rubbish at the front and in the garden of their property, while 6 per cent were guilty of subletting a room. 4 per cent even indicated that they had burned holes in floor coverings and concealed them with mats. However, the most prevalent tenant confession – cited by 63 per cent of those quizzed – was attempting to dodge the payment of their rent.

With tenant arrears having gone up by 7.2 per cent over the last year – the equivalent of 4,600 tenancies more compared to the same quarter a year earlier – that latter admission will be especially worrying for many landlords. However, those landlords can also better protect themselves from both arrears and all-round bad tenants by conducting extensive background checks on their tenants, as well as by having a comprehensive inventory done.

References that landlords can gather to establish the suitability of a prospective tenant range from bank statements for the last three months and credit checks, to employer references and previous landlord references, the latter to ensure that the tenant paid their rent in a timely fashion. Landlords can also better identify any tenant breaches of their agreement by periodically visiting their property over the course of the tenancy.

Have an extensive and professional inventory and Mid-term inspections of your property carried out by Yellow Oak Inventories LTD, and you can give yourself the utmost peace of mind as a landlord for the duration of your next tenancy agreement.

 

Don’t forget to have an inventory carried out for your Milton Keynes property

You will have much to think about as a landlord trying to let a Milton Keynes property. Not only is there the process of purchasing such a property to get right, but you are also likely to need to arrange the most suitable buy-to-let mortgage and get as many viewings as possible. Then will come the negotiations with tenants and the subsequent management of the letting.

Where does a property inventory come into all of this? What even is an inventory? The answer is that an inventory constitutes a historic snapshot of your property’s condition that could be invaluable come the end of a tenancy, when the need may arise to establish responsibility for any damage to the property. The inventory report has both written and visual elements, comparisons between the original inventory with the final inspection helping you to identify any wall markings, carpet burns or similar damage can may have occurred on your previous tenant’s watch.

As a true top-to-bottom description of your property’s present condition, you can expect an inventory to state all fittings, ranging from lights and radiators to furniture, decoration and flooring. Both the condition and cleanliness of these fittings should be addressed in the report, which should provide a detailed analysis of every room. The inclusion of photographs of the property in any good inventory report ensures further visual evidence of such damage as carpet marks and stains.

Yellow Oak Inventories LTD can provide the complete property inventory in Milton Keynes, including both impartial written details and digital colour photographs to give the landlord, letting agent or relocation agent the benefit of an in-depth record of the property at the time of inspection. All contents, fixtures and fittings are covered. We take digital colour photographs of every room and specific damage, in addition to noting cleanliness levels. Report turnaround is also fast.

A good inventory report by an unbiased party like Yellow Oak Inventories LTD will be a key part of your binding agreement with the tenant, being compiled prior to the tenant’s move into your property and providing vital protection for both of you. Enquire now about a property inventory in Milton Keynes from one of the leading, fully regulated and most reputable providers, Yellow Oak Inventories LTD.