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Wednesday, July 18, 2018

Mansfield moves into holiday BTL lending

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Tel: 029 2069 5446

Airbnb lacks price transparency

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House price growth nears 5 yr low

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Rental prices flat - ONS stats

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Call to allow councils to increase council tax on empty properties

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Neighbours will be able to sue over Japanese Knotweed

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BTL continues to fade thanks to tax changes

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Is BTL lending really on the decline?

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Tel: 029 2069 5446

ONS house price data - +0.1%

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Will micro-homes be the next big thing?

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Tuesday, July 17, 2018

Things to consider when furnishing a rental property

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Is licensing a money grab?

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The death of the first time landlord

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Leveraged loans - the next financial crash?

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Monday, July 16, 2018

Surprising property hotspots

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Tips for aspiring landlords

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Ltd Cos now letting 18% of properties

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Most tenants are happy survey says

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London exodus heads to...

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Gov's first Universal Credit landlord newsletter

The Government have published their first Universal Credit landlord newsletter.

Rents to jump 5% over next 5 years

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London price falls as BTL collapses

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New Rightmove HPI - UK asking prices

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Saturday, July 14, 2018

Friday, July 13, 2018

Chigwell landlord fined for faking gas certs

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FTBs on the rise as BTL falls

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Latest English Housing Survey published

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Thursday, July 12, 2018

Renting out your home during big sporting events

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London property market remains subdued

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Reward landlords offering longer tenancies

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Accord refreshes BTL rates

Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446

KF Global Cities Residential Index

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Equity released from property this year- £1.7bn

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BTL market remains flat

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UK property market falls £26.9bn

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Surveyors downbeat on property market

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How do you get a landlord to do repairs?

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Portsmouth HMO landlords face fines over rubbish

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Wednesday, July 11, 2018

Speculation or investment?

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Eurozone house prices leap up

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A map showing falling home ownership

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Universal Credit: making a complaint

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Paragon launches BTLs for Scottish portfolio landlords

  • Paragon extends portfolio mortgage products to Scottish market
  • Products suitable for limited company landlords, HMOs and multi-unit blocks
  • Portfolio product range designed for landlords with four or more mortgaged properties
Paragon, the UK challenger bank and specialist buy-to-let lender, is expanding its buy-to-let mortgage offering in Scotland to include mortgage products for portfolio landlords.

Available in Scotland from today, Paragon’s portfolio range is designed for landlords with four or more mortgaged properties, as well as those operating in limited companies and limited liability partnerships.

The portfolio range can be used to finance single self-contained units (SSC), houses in multiple occupation (HMOs) and multi-unit blocks (MUBs), with products available for purchase as well as remortgage.

Paragon has offered a limited range of buy-to-let mortgage products in Scotland for some time and today’s move adds a new layer of products suitable for landlords with larger and more complex portfolios.

Following the introduction of the Prudential Regulation Authority’s (PRA’s) detailed underwriting rules for portfolio landlords at the end of 2017, several lenders have chosen to focus solely on the non-portfolio segment of the market or to limit the scope of their portfolio products.

Paragon’s portfolio range has enjoyed strong success in England and Wales and the Scottish launch offers an opportunity to extend competition and choice for intermediaries and landlords operating in the portfolio segment north of the Border.

Paragon plans to announce a new Regional Sales Manager dedicated to the Scottish market in the near future.

The Private Rented Sector (PRS) in Scotland has more than doubled in size since 1999, and now accounts for more than a seventh of all homes in Scotland. It is estimated that the number of private rented properties in Scotland has increased from 224,000 in 2006 to 394,000 in 2016.1


John Heron, Director of Mortgages at Paragon said: “The introduction of the new PRA underwriting rules for portfolio landlords has impacted the buy-to-let market across the UK and we’re delighted to extend our portfolio range into the Scottish market. Demand for portfolio lending is on the increase in Scotland and with fewer lenders choosing to offer suitable products for this segment, we have a unique opportunity to bring improved choice and competition for those looking to invest.”
Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446

London exodus at highest level ever

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HMRC cracks down on expats

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A property market crash is unlikely

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BTL products for first time landlords reaches record high

Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446

BofE called on to freeze house prices for 5 years


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Gov. correct errors in 'How to Rent' Guide

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Foundation launches short-term lets product

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Tel: 029 2069 5446

Kit Malthouse becomes Housing Minister

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Knight Frank's Housebuilding Report 2018

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Electrical safety in a rental property

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Yet another new Housing Minister

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Thursday, July 05, 2018

Tuesday, July 03, 2018

Wednesday, June 27, 2018

Best areas for BTL - GoCompare tool

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DWP roll out Universal Credit in 10 more job centres this week

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House price growth falls to 5 yr low

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RLA's latest Rental Index - growth unchanged

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YourMove Rental Tracker - May

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London renters spend £1.1m more

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Should I provide my tenants with fans?

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Accord launch BTL for first time landlords

Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446

England's Tenant Fees Bill analysis

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Nationwide's HPI is out - read full report

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Tuesday, June 26, 2018

New C4 comedy series about a letting agent

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How to sell a property faster

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The 'How to Let Guide' from MHCLG

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The Savills Housing Sector Survey

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What are the alternatives to BTL?

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Gov announces £1bn council house boost

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Mortgage approvals rise in May - UK Finance

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Interest rate rise should not be delayed

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Is it illegal to rent out a house without a BTL mortgage?

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Tips for getting the top property price

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Monday, June 25, 2018

How can ensure the kids get my house?

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Building a garden room

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30 thing to make a house a home

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Are landlords bending energy efficiency rules?

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9 in 10 solicitors don't understand stamp duty

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PRS to factor in 253 MPs seats by 2022

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Single FTB needs 17 years to find 15% for a London deposit

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'Renting v selling' an inherited property

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BTL must be curbed - says Tory thinktank

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Sunday, June 24, 2018

Saturday, June 23, 2018

Thursday, June 21, 2018

A fall in planning applications

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BofE vote 6 to 3 to maintain base rate

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Sainsburys and Skipton cut BTL rates

Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446

Wednesday, June 20, 2018

Skipton cuts BTL rates by up to 0.23%

Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446

Renting more expensive than buying... everywhere

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Gov. announces selective licensing review

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UK housing market loses £1bn in value

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Not every millennial wants to buy a house

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Landlords! Here Are The Surveys You Never Knew You Needed…

The private rental market has exploded. According to The Guardian 46% of 25-34 year olds are in rented accommodation and UK tenants paid over £50bn in rents last year. With UK tenants paying a record £51.6bn in rents last year, we’ve seen rental income for landlords more than double in the decade since 2007.

So, times are good for landlords at the moment. It’s becoming increasingly difficult for people to get on to the property ladder. With lenders tightening up on mortgages the trend for renting, rather than buying, looks set to continue. Landlords can sit back and let the good times roll, right?

Well, whilst we doubt the rental market is going anywhere anytime soon, care still needs to be taken. As ever with these things as something becomes bigger and more popular, often much more scrutiny is applied.

That’s why it’s more important than ever for landlords to protect themselves against every eventuality.

We’ve come up with the following list of surveys that can help landlords avoid any nasty surprises:

Asbestos Surveys

Back in 1999, asbestos became a banned substance in the UK. That means all pre-2000 properties could contain asbestos. As a landlord, it’s up to you to know whether your property has asbestos containing materials (ACMs) present. If so, you’ll need to create a robust plan of action to safely deal with them.

As recent as 2016 there were still around 3000 asbestos related deaths in the UK. A staggering number considering how long the substance has been banned. ‘The Control Of Asbestos Regulations 2012’ have been set out by the HSE to ensure property owners remain fully compliant with the law and also ensure the safety of their tenants.

There are several types of asbestos surveys with some of the common ones being asbestos management surveys, asbestos refurbishment surveys and asbestos demolition surveys. Thankfully, there are plenty of very good environmental consultancies out there, such as EDP, who can talk landlords through the most appropriate course of action. Consultancies like this specialise in helping property owners to identify ACMs and develop their asbestos management plan accordingly.

Fire Risk Assessments

Since the horrific events of Grenfell Tower last year, fire safety has quite rightly been brought back to the forefront of everyone’s minds; both landlords and tenants. There’s some excellent advice on fire risk assessments at the gov.uk website which you can read more about here.

From a landlords perspective, there are several things you must consider to ensure the safety of your tenants and to protect your property in the event of a fire. There are several acts that must be adhered to if you want to remain fire safety compliant, such as ‘The Housing Act 2004 Including The Housing Health And Safety Rating System’, ‘The Regulatory Reform (Fire Safety) Order 2005’ and ‘The Smoke and Carbon Monoxide Alarm (England) Regulations 2015’, amongst others.

There’s a lot there to keep up-to-date with and it’s further complicated by the fact certain rules are different in the different countries within the UK. Fortunately, firms like The Parr Group exist to take the pressure off landlords. By offering a range of services including fire extinguishers, fire alarm systems, maintenance services and fire safety training, full compliance with the law and safety regulations can be guaranteed.

Property Transcription

Property transcription services are available across the country to landlords, estate agents, letting agents and property managers.

Some of the common types of property transcription services include homebuyer reports, building survey reports, inventory reports, check ins/check outs, schedules of dilapidation, schedule of works and expert reports. Phew; that’s a lot to get through. No wonder a growing number of landlords and agents are outsourcing these arduous tasks!

Apple Transcription, for example, provide a whole host of reports to help with job tracking and progress updates, as well as offering an online system to securely store and manage all of your transcripts. This sort of service can be particularly useful if you manage a number of different properties.

Energy Performance Certificates

Did you know since 1
st April 2018 privately rented properties must meet new energy efficiency standards? If these standards aren’t met, landlords can’t let them out to new tenants or re-let them to existing ones. Imagine the amount of income you could lose if you’re not up to date with new ‘Minimum Energy Efficiency Standards’ (MEES).

The magic letter for compliance is ‘E’. ‘E-grade’ is what your property must achieve to be compliant. Don’t be complacent if you think your property already has the ‘E-grade’ either; as of April 1
st the ‘E-grade’ standards changed so it’s better to double check your property remains let-able otherwise you could face fines for lack of compliance.

If you fall short of the standards and can’t get a relevant EPC, what can you do? A few things to try straight away include taking a look at attic insulation and cavity walls insulation, implementation of low-energy LED lighting and installation of a SMART meter.

Some of the larger energy suppliers are also offering help and advice to landlords. If you’re unsure of anything, why not try getting in touch with your energy provider for further guidance too? 

Electrical Installations and Appliances

Ensuring that electrical installations and appliances are safe and in good working order are key considerations for all landlords.

With electrical installations, there’s a recommendation from the Electrical Safety Council to have a qualified electrician carry out inspections and tests every five years. Furthermore if the property is a house of multiple occupation, this becomes a statutory requirement.

With regards to appliances, the government has confirmed that PAT testing of appliances is solely at the discretion of the landlord. That said, the Electrical Safety Council do advise that for larger appliances such as fridges, washing machines and electric fires, PAT testing should be carried out every 4 years. For smaller appliances like lamps, kettles and toasters, they recommend PAT testing should be done every 2 years.

In Summary

So, there you have it. It’s officially a great time to be a landlord in terms of the record numbers of properties being rented, however it’s also a potentially dangerous time for landlords that don’t take health and safety seriously.

By keeping up-to-date with current legislation and getting the right help from expert consultants, you’ll help to keep your properties in perfect order whilst remaining fully compliant. These two things combined will make it easier for you to rent your properties out, stay profitable and, most importantly, keep your tenants safe and happy.
 The private rental market has exploded. According to The Guardian 46% of 25-34 year olds are in rented accommodation and UK tenants paid over £50bn in rents last year. With UK tenants paying a record £51.6bn in rents last year, we’ve seen rental income for landlords more than double in the decade since 2007.

So, times are good for landlords at the moment. It’s becoming increasingly difficult for people to get on to the property ladder. With lenders tightening up on mortgages the trend for renting, rather than buying, looks set to continue. Landlords can sit back and let the good times roll, right?

Well, whilst we doubt the rental market is going anywhere anytime soon, care still needs to be taken. As ever with these things as something becomes bigger and more popular, often much more scrutiny is applied.

That’s why it’s more important than ever for landlords to protect themselves against every eventuality.

We’ve come up with the following list of surveys that can help landlords avoid any nasty surprises:

Asbestos Surveys

Back in 1999, asbestos became a banned substance in the UK. That means all pre-2000 properties could contain asbestos. As a landlord, it’s up to you to know whether your property has asbestos containing materials (ACMs) present. If so, you’ll need to create a robust plan of action to safely deal with them.

As recent as 2016 there were still around 3000 asbestos related deaths in the UK. A staggering number considering how long the substance has been banned. ‘The Control Of Asbestos Regulations 2012’ have been set out by the HSE to ensure property owners remain fully compliant with the law and also ensure the safety of their tenants.

There are several types of asbestos surveys with some of the common ones being asbestos management surveys, asbestos refurbishment surveys and asbestos demolition surveys. Thankfully, there are plenty of very good environmental consultancies out there, such as EDP, who can talk landlords through the most appropriate course of action. Consultancies like this specialise in helping property owners to identify ACMs and develop their asbestos management plan accordingly.

Fire Risk Assessments

Since the horrific events of Grenfell Tower last year, fire safety has quite rightly been brought back to the forefront of everyone’s minds; both landlords and tenants. There’s some excellent advice on fire risk assessments at the gov.uk website which you can read more about here.

From a landlords perspective, there are several things you must consider to ensure the safety of your tenants and to protect your property in the event of a fire. There are several acts that must be adhered to if you want to remain fire safety compliant, such as ‘The Housing Act 2004 Including The Housing Health And Safety Rating System’, ‘The Regulatory Reform (Fire Safety) Order 2005’ and ‘The Smoke and Carbon Monoxide Alarm (England) Regulations 2015’, amongst others.

There’s a lot there to keep up-to-date with and it’s further complicated by the fact certain rules are different in the different countries within the UK. Fortunately, firms like The Parr Group exist to take the pressure off landlords. By offering a range of services including fire extinguishers, fire alarm systems, maintenance services and fire safety training, full compliance with the law and safety regulations can be guaranteed.

Property Transcription

Property transcription services are available across the country to landlords, estate agents, letting agents and property managers.

Some of the common types of property transcription services include homebuyer reports, building survey reports, inventory reports, check ins/check outs, schedules of dilapidation, schedule of works and expert reports. Phew; that’s a lot to get through. No wonder a growing number of landlords and agents are outsourcing these arduous tasks!

Apple Transcription, for example, provide a whole host of reports to help with job tracking and progress updates, as well as offering an online system to securely store and manage all of your transcripts. This sort of service can be particularly useful if you manage a number of different properties.

Energy Performance Certificates

Did you know since 1
st April 2018 privately rented properties must meet new energy efficiency standards? If these standards aren’t met, landlords can’t let them out to new tenants or re-let them to existing ones. Imagine the amount of income you could lose if you’re not up to date with new ‘Minimum Energy Efficiency Standards’ (MEES).

The magic letter for compliance is ‘E’. ‘E-grade’ is what your property must achieve to be compliant. Don’t be complacent if you think your property already has the ‘E-grade’ either; as of April 1
st the ‘E-grade’ standards changed so it’s better to double check your property remains let-able otherwise you could face fines for lack of compliance.

If you fall short of the standards and can’t get a relevant EPC, what can you do? A few things to try straight away include taking a look at attic insulation and cavity walls insulation, implementation of low-energy LED lighting and installation of a SMART meter.

Some of the larger energy suppliers are also offering help and advice to landlords. If you’re unsure of anything, why not try getting in touch with your energy provider for further guidance too? 

Electrical Installations and Appliances

Ensuring that electrical installations and appliances are safe and in good working order are key considerations for all landlords.

With electrical installations, there’s a recommendation from the Electrical Safety Council to have a qualified electrician carry out inspections and tests every five years. Furthermore if the property is a house of multiple occupation, this becomes a statutory requirement.

With regards to appliances, the government has confirmed that PAT testing of appliances is solely at the discretion of the landlord. That said, the Electrical Safety Council do advise that for larger appliances such as fridges, washing machines and electric fires, PAT testing should be carried out every 4 years. For smaller appliances like lamps, kettles and toasters, they recommend PAT testing should be done every 2 years.

In Summary

So, there you have it. It’s officially a great time to be a landlord in terms of the record numbers of properties being rented, however it’s also a potentially dangerous time for landlords that don’t take health and safety seriously.

By keeping up-to-date with current legislation and getting the right help from expert consultants, you’ll help to keep your properties in perfect order whilst remaining fully compliant. These two things combined will make it easier for you to rent your properties out, stay profitable and, most importantly, keep your tenants safe and happy.