Festival Lets vs Self-Catering vs Hotel vs Airbnb

Festival Lets vs Self-Catering vs Hotel vs Airbnb

The Fringe, Edinburgh International Festival, Edinburgh International Book Festival, Edinburgh Art Festival… there’s no doubt that the Edinburgh population grows considerably every August. Visitors flock to our capital to soak up the atmosphere, the art, the architecture… but what about festival accommodation? So when you’re visiting Edinburgh – where do you book festival accommodation? A […]

Letting Agent Code of Practice and Registration

Letting Agent Code of Practice and Registration

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 […]

Private Housing (Tenancies) (Scotland) Act 2016

Private Housing (Tenancies) (Scotland) Act 2016

The Private Housing (Tenancies) (Scotland) Act 2016 that was passed by the Scottish Parliament earlier this year comes into force on 1st December 2017. It will become the de-facto tenancy and replaces the Assured and Short Assured Tenancies we have employed since 1988 (and before). These will remain in force but no new ones can […]

Essential Furnishings for Letting your Property

Essential Furnishings for Letting your Property

Do I require linen? Do I require pots, pans and crockery? What essential furniture is necessary? These are just a few of the questions we get from landlords looking to rent out their flat. Factotum has compiled a list of what is essential for both short term and long term properties. Short Term, Festival and […]

Buy-to-Let Landlords are NOT the Villains!

Buy-to-Let Landlords are NOT the Villains!

Recent changes in government property taxation, stamp duty and income tax have undeniably sent out mixed messages as to the government’s view of buy-to-let landlords. On the one hand, they continue to postulate on their commitment to a healthy PRS (Private Rented Sector) confirming what a vital role the sector provides and acknowledging the desperate […]

To Furnish or Not To Furnish?

To Furnish or Not To Furnish?

One of the choices you must make as a landlord is whether to let your property as furnished or unfurnished. Surprisingly, it makes little to zero impact on the rental valuation. Factotum looks at the pros and cons, as well as key factors to take into account when making this decision. How long do you […]

Rental Income Tax: The Landlord’s Guide

Rental Income Tax: The Landlord’s Guide

To quote Benjamin Franklin, in this world nothing can said to be certain, except death and taxes. Letting a property is a great way to generate additional income or enhance your pension / retirement income. Unfortunately, it’s not free from rental income tax. Here’s Factotum’s guide on what to expect when you rent your property. […]

Airbnb vs Airbnb Agent vs Letting Agent

Airbnb vs Airbnb Agent vs Letting Agent

There’s absolutely no doubt that the success of Airbnb and Airbnb agents has completely changed the landscape of the Edinburgh lettings market. It’s a fantastic business model. Allowing users to capitalise on their property by renting their spare room, it’s an easy way to make some extra money. The website that was originally designed to rent […]