January’s Coventry PIN meeting saw Homemaker Properties’ Commercial Director, Kevin McMullan kick off the first lettings update of the year with interesting statistics regarding Tenants and Landlords.

Statistics were provided by HomeLet and included;

  • 71% of tenants rent through a letting agent, compared to 29% who rent directly with a Landlord
  • Where tenants first saw the property they currently rent
  • 54% of renters are NOT saving for a deposit
  • What factors tenants considered important when choosing a rental home
  • The top reasons why Landlords use a Letting Agent for a fully managed service

The statistics are a great insight into what investors and landlords should take into consideration when buying and marketing their properties for rent.

A big thank you to everyone that has attended the first PIN meeting of the year, it is a fantastic networking event that the Homemaker Properties team is proud to be a part of. We’re delighted to be a part of so many people’s property journeys.

If you would a copy of the slides from January’s presentation showing all of the statistics, please visit the Downloads section or our website or alternatively e-mail Homemaker Properties Marketing Manager, Alison McMullan – alison@homemakerproperties.com

The Next Coventry PIN Meeting

The next Coventry PIN meeting is on 9 February 2016 at Coventry’s Village Hotel. Anthony will be testing your knowledge with a Right to Rent quiz. So come prepared for an interactive session!

Coventry PIN is hosted by Saj Hussain and occurs the second Tuesday of every month, except August and December. Each event consists of two main speakers, a lettings update and mortgage market update. In addition there are some great opportunities to network with other like minded property investors. Keep an eye out for details of the main speakers for next month and also book your place at https://propertyinvestorsnetwork.co.uk/meetings/coventry-and-warwickshire/. If you are new to PIN you can use the voucher code ‘homemaker’ for FREE entry.

It will be great to see you there!