Investing in property can be financially rewarding. However, it can have its ups and downs, with many decisions to make. Once invested, landlords face the dilemma of whether to rent short-term or long-term. While long-term rentals are in high demand, short-term rentals can be immensely lucrative. To help make that choice, we will discuss which is more profitable for landlords, short or long-term renting.
Category Archives: Advise
Common Causes Of Stress For Landlords
If you are considering becoming a landlord because you think it will be a stress-free experience as you sit back and collect rental income, then think again.
Being a landlord can be just as stressful as a 9-5 job. Sure there’s no boss to order you about being a landlord. Still, similarly, a day job doesn’t involve putting down a serious amount of your income and being responsible for monthly mortgage payments for years.
This blog covers what causes landlords the biggest headaches and a few tips to help.
Top 10 Questions To Ask When Buying A Property
- Why is the owner selling?
- How long has the property been on the market?
- Has the property changed hands recently?
- What is the minimum price the seller will accept?
- Have the seller’s found a new home?
- What is the local area like, and are there any plans that could affect the property?
- Do you have noisy neighbours?
- How old are the boiler, roof, drains and gutterings?
- What is included in the property?
- Can they explain the energy performance certificate?
- Things to remember: Top 10 questions to ask when buying a property
When buying a property, you are making a significant investment that could make or break your buy-to-let business. For that reason, when viewing a property, it’s time to put aside that British habit of saying nothing for fear of being nosey or impolite.>
You need to know everything you possibly can. Sellers will be expecting a few possible questions they would prefer not to answer — so don’t be afraid. However, why not direct your questions to the estate agent if you prefer? They can help you get the information you need and perhaps even help you bag a sale at the right price for you.
Read on and bite the bullet with our all-important questions that all buyers should ask.
Popular Misconceptions About Becoming A Property Investor – Debunked
- You need lots of money to invest
- Capital growth is most important
- Property damage could ruin me
- I’m at risk of repossession
- Being a property investor is easy
- Being a property investor is a great way to build wealth
- Property investing brings freedom
- Investing in the current climate is risky
- Increasing mortgage rates will add costs
- It’s hard to sell a property and exit the market
- Things to remember
Becoming a real investor is a dream of plenty of people. So many of us hope to have money to invest in property while reaping a second income and potentially having assets to leave as an inheritance for loved ones. However, a heap of popular misconceptions stops countless people from making their dreams a reality. So with that in mind, this quick read aims to uncover the myths from the truth and could be the kick starter for you to become a property investor. Let’s dig in.
What are the benefits of property management software?
Are you a landlord currently making do with trying to manage your business without software geared towards property management? Well, the truth is you are likely making your life much harder for little to no saving.
Property management software is aimed at helping you with all the tasks and paperwork you need to complete, so let’s look at the benefits and how you could save yourself a heap of admin.
Continue reading10 Steps to Finding your Ideal Rental Property
It’s all very well deciding you would like to become a landlord. But clearly, finding the right properties that tenants want to rent from you and you can make a profit from— is key to your success. This guide will give you 10 top tips to make finding your ideal rental property a lot less daunting.
Should You Renovate Your Buy-to-let Property
Choosing to renovate a buy-to-let property is an entirely different decision from remodeling a home. If you decide to renovate a family home, that’s more to do with a family’s need for space. But when it comes to buy-to-let property, decisions should be based on financial circumstances. So, if you are currently in a quandary as to whether you should renovate your BTL, sit back for 5 minutes and let us help you out with the number crunching.
Pros and Cons of Self Managing your Rental Property
So, you are starting out on building your buy-to-let empire. You have a property ready for tenants to rent, but should you manage the property yourself or leave it in the trusted hands of a professional?
With over 19% of UK homes occupied by renters, it’s no surprise that rental management is a hot topic. Well, just like most things in life, there are pros and cons of self managing your rental property. If you are undecided, take a moment to read our short guide.
9 Steps to getting a Mortgage for your BTL
Some lucky people (like the Queen) own property outright—and lots of it! But many buy-to-let investors start with little more than a mortgage on their first BTL property. So if you want to explore the best way to start a portfolio and get a mortgage, read on!
The Advantages And Disadvantages Of Off-plan Purchasing
If you are looking to build a buy-to-let portfolio, then off-plan purchasing is one way to do just that while potentially maximising your investment. If you haven’t heard about off-plan purchasing before, take a few minutes to read this guide. We give you the lowdown on what off-plan purchasing is, as well as the possible pitfalls and benefits. So let’s dig in.