There’s little doubt that Airbnb has affected the Edinburgh letting landscape. The company claims 120,000 people have booked through their website between the 3rd – 27th August 2018 for the Edinburgh Fringe, boosting Edinburgh’s economy by £48 million and bringing Edinburgh Airbnb hosts a personal profit of £15 million. So what is Airbnb? Saviour of the economy? Selling […]
Factotum (Scotland) Ltd, 63 Dublin Street, Edinburgh, EH3 6NS, (“we” or “us”) take the issue of security and data protection very seriously and strictly adhere to guidelines published in the Data Protection Act of 1998 and the General Data Protection Regulation (EU) 2016/679 which is applicable from the 25 May 2018, together with any domestic […]
Private Residential Housing (Tenancy) Act 2016 Private Residential Tenancy Agreement To: Tenant Name(s) Dear: Tenant Name(s) Date: Property at: Address Type of Property: Inclusions, omissions, burdens: (e.g. HMO) Landlord: Landlord Name(s) Landlord Registration No: C/o Factotum, 63 Dublin Street, Edinburgh EH3 6NS. Agent: Factotum (Scotland) Ltd, 63 Dublin Street, Edinburgh EH3 6NS, Tel: 0131 290 […]
What is a sole agency agreement? It’s when a letting agent is the only agent letting the property. It’s common in estate agency work and usually entails a reduced commission when dealing in sales. In letting, it forbids a landlord to advertise or let a property through any other channel or company apart from them. […]
Factotum operates and arranges a block insurance policy for the benefit of our landlords if they let their property through us. Not all of our landlords are covered under our insurance portfolio. You are welcome to arrange your own insurance cover, or if you are included in Factotum’s policy you will receive a renewal letter […]
Jobs at Factotum – Property Manager A family business, Factotum are experienced letting agents for short term, long term, holiday and festival lets, as well as property factoring. We are now looking for a new long Term Property Manager to join our close and friendly team. A fast-paced and varied role, the successful candidate […]
The revised Payment Services Directive (2015/2366/EU) (PSDII) was transposed by all Member States into national law on 13th January 2018. Universally welcomed by consumers it has, nevertheless, had a detrimental effect on some business sectors. A small corner shop selling low value goods at a 5% margin is likely to turn down a credit or […]
As of the 31st January 2018, all letting agents in Scotland will be subject to The Letting Agent Code of Practice (Scotland) Regulations 2016. The Code requires the Letting Agent’s clients (landlords) to act in concord with the agent, in terms of probity in their business and personal dealings. Section 31 compels the agent to […]
There are benefits to both Short term letting and long term letting. Factotum’s flexible approach allows you to rent when it suits you. We are experienced letting agents for short term, long term, holiday and festival lets. Whether you want to let your property for a week or a year, we have a growing […]
There are benefits to long term letting and short term letting. Factotum’s flexible approach allows you to rent when it suits you. We are experienced letting agents for short term, long term, holiday and festival lets. Whether you want to let your property for a week or a year, we have a growing number of […]