The Private Residential Tenancies Board was established in 2004 and operates a national tenancy registration system and provides a dispute resolution service between landlords and tenants. If you are a landlord and are letting property, your tenants must be registered with the PRTB. There is a helpful FAQ section on the PRTB website which can answer any queries you might have: http://www.prtb.ie/landlords/helpful-info-documents
You can also find further information on landlord rights and landlord obligations at: http://www.prtb.ie/landlords/new-landlords
The Minister for Justice and Equality established the Property Services Providers Authority on a statutory basis on 3 April 2012 and one of the main functions of the PSRA is to control and regulate Property Services Providers (i.e. Auctioneers/Estate Agents, Letting Agents and management Agents) this includes the licensing of all such services providers. Able Property Services are fully licensed and adhers to the PRSA Code of Conduct. http://www.psr.ie/website/npsra/npsraweb.nsf/page/publications-codes-en
A Building Energy Rating (BER) Certificate is an indication of the energy performance of a home or rental property. When a new or existing home is offered for sale or rent the seller / renter must provide a BER to prospective buyers or tenants. BER details must be included in advertisements when a home is offered for sale or rent: http://www.seai.ie/Your_Building/BER/
The Better Energy Homes Scheme provides grants to homeowners to improve energy efficiency in their homes. Landlords and owners of more than one property can also apply for a grant under the scheme. It is administered by the Sustainable Energy Authority of Ireland (SEAI). For further information see: http://www.seai.ie/grants/
Revenue – Tax Allowances and Reliefs for Rental Properties
Rental income derives from a number of sources including: the letting of property, i.e. residential property (houses, flats or apartments to let or commercial property and offices to let so whether you are an individual landlord or a property investor with buy to let properties or you have a property investment portfolio, the Revenue website provides an in-depth guide to rental income and allowances: http://www.revenue.ie/en/tax/it/leaflets/it70.html
Local Property Tax is an annual self-assessed Local Property Tax (LPT) charged on the market value of all residential properties in the State came into effect in 2013. Further information can be obtained from http://www.revenue.ie/en/tax/lpt/index.html
Landlord insurance or buy to let insurance is a must. There are many providers of rental home insurance and so it always pays to shop around if you have property to let. Irish Landlord.com is an excellent source of information of rental property insurance. http://www.irishlandlord.com/index.aspx?page=infocentre_article_view&id=6
Able Property maintains a database of reputable and reliable tradesmen. As a result we can provide a range of skills with regard to property management and property maintenance.
As a landlord how much time do you have to source that missing oven knob or fridge drawer? Not a lot we’ll bet. Let your fingers do the walking! A wonderful source for any spare part or accessories under the sun is http://www.espares.co.uk
Useful Government Links and Agencies:-
Department of Justice and Law Reform Home Page
– The Department with responsibility for legislation relating to Auctioneers, House Agents and other Property Services Providers. http://www.justice.ie/en/JELR/Pages/Home
Irish Financial Services Regulatory Authority – Regulatory body offering financial advice, including mortgage guidance: http://www.centralbank.ie/regulation/Pages/home.aspx
Financial Ombudsman – Statutory body dealing with complaints against financial institutions (including mortgage providers and insurance providers). https://www.financialombudsman.ie/
Consumer Property – Deals with people living in or planning on buying multi-unit dwellings: http://www.consumerhelp.ie/buying-a-home
National Consumer Agency – State body dealing with consumer issues: http://www.consumerhelp.ie/
Citizens Information Board – A source of information on a wide range of issues including housing. http://www.citizensinformation.ie/en/
Institute of Professional Auctioneers & Valuers – Industry representative body. http://www.ipav.ie/
“I have used Able to manage my properties in the City Centre and Dublin 12 over the past couple of years. I found them to be efficient and helpful, taking a pro-active line in dealing with issues. As an ‘amateur’ land-lord it is great to deal with a company that comes to me with solutions, rather than problems. I would have no hesitation in recommending their services to anyone, and have already done so by word of mouth.”
Aidan Byrne - Lead Tax Partner, Baker Tilly Ryan Glennon.
“I would highly recommend Able Property Services as I have worked with them for several years now. They let and management residential properties for me and have also worked on more complex projects that required complete refurbishment. Able have recently completed work on refurbishing many commercial units and offices and I am always happy with the end result. They’re efficient, reliable, value for money and they get the job done with the minimum of fuss”
Jim Kenny - Projects Manager, Gannon Homes.