Rent a Room in
Why should I Rent a Room in
With the previous love affair
with buy to let slowing down due to the difficulty of obtaining
finance, many rental markets difficult to enter and rent to
mortgage ratios are being kept down by a high level of
competition. By-the-room lets are one way of avoiding this and
there are several reasons why you should consider the option
to Rent a Room in
Firstly you can get more rent for you
property let by the room compared with as a whole, in some
instances up to twice as much. You'll also have less chance of
having your whole property empty at any one time - if one
tenant leaves you'll still have rent coming in while you find a
The average sharer who wants to Rent a
Room in Dartford today is more likely to be a young
professional who's looking for a high standard of accommodation
to share until the point they are able to afford to buy. As a
result there's a strong market in many areas of for good
quality accommodation to rent by the room. See
Rent a Room in
Dartford the range of
rooms available in your area and use
this handy rent checker to
see the average prices.
HMOs when youRent a Room in Dartford?
HMO (House in Multiple Occupation)
generally refers to a house split into bedsits, a flatshare
where each tenant has their own tenancy agreement or students
living in shared accommodation. An HMO must be registered with
the local council if the property has 3 or more storeys AND is
occupied by 5 or more people in 2 or more households. In
general you should check with your local council but if you can
answer 'yes' to the following 3 questions you may well need a
HMO advice page for more
- Does your property have 3 or more
- Is the property let to 5 or more
- Do tenants share
Is it true
that there are new laws to deal with
Yes. As of April 6th 2007 the law
regarding tenancy deposits has changed. All deposits taken by
landlords must be protected by a
Scheme. The scheme applies
to all assured shorthold tenancies (the most common type
in the UK) and is intended to protect deposits and help
settle any disputes regarding return of deposits when a
If you looking to Rent a Room in Dartford
which is also your residence this does not apply.
There are two types of scheme available
and the landlord can choose which to use. The first involves
the deposit being handed over to a custodial scheme during the
period of the tenancy and the second allows the landlord to
keep hold of the deposit whilst paying a premium to an
insurance service (this premium will go towards the scheme's
running costs). Check here for
more information on these
the risks of renting and how can I protect myself against
There are risks attached to renting out
your property but, with a little common sense and forward
planning, you can do your best to minimise them.
Insurance, it may cost more
than regular insurance but it can cover anything from a
replacement boiler to loss of rent if your tenant does a
runner. As with all insurance is peace of mind you're paying
for as much as anything else.
How do I
find and keep good tenants?
If your accommodation is of a good
standard and you make a little effort up front the chances are
you'll attract the kind of tenants who will want to stay and
will look after the property while they live in it. Here are a
few simple tips to get you on the right side of your
- A clean, comfortable property will
command a higher rent and attract longer term tenants.
People renting a room want a comfortable home just as much
as people who rent a whole property.
- Make sure your property is clean and
well decorated before tenants move in, if you start with a
scruffy property it's unlikely your tenants will go out of
their way to maintain it. Leave a supply of cleaning
products in the property so tenants don't have to go out
and buy their own.
- Ensure you've got everything covered
in the tenancy agreement at the start - lay down exactly
who is responsible for what so there are no unpleasant
misunderstandings later on.
- Be friendly and approachable. If
there are problems you need to know sooner rather than
later so make sure your tenants know how to get hold of you
if they need to. Get any problems sorted quickly and keep a
note of reliable tradesmen to call on for
- It doesn't do any harm to leave a
pint of milk and a loaf of bread (or even a bottle of wine)
for incoming tenants. Moving into a new property is
stressful enough so little, inexpensive touches like this
will be remembered.
- Advertise your property with a
little thought. Taking a few more minutes on your listing
will pay off so make time rather than fitting it in between
other jobs. Look at a few other ads and see which would
appeal to you to get a few pointers on what to say.
Spareroom.co.uk has some great
advice on advertising your
room to help attract
the right tenant.
- If you are renting a
room in you home a lot of this does not
looking to Rent a Room in Dartford, what is a good site to go
We have looked a lot of sites and
Spareroom has come out tops.
They have been featured on the Chris Evans
Show on BBC Radio 2; The Evening Standard; The Times; The
Observer and more. Here is one testimonial.
"I've tried newspapers, magazines, trade newspapers and estate
agents. All were useless and expensive! I now only advertise on
the internet. 90-95% of my tenants (who actually sign up and
move in) come from the Spareroom website. I do use other sites
but they are nowhere near as good or, more importantly, as
profitable as using Spareroom. Thanks." - Alistair Lawes,