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.
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.
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.
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!
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.
In this guide, we look at whether a buy-to-let property is a worthwhile investment. In terms of saving with a bank, one of the best deals you can get is around 2% in a long-term fixed account with no access to your cash. Meanwhile, by April, the inflation rate will probably hit 6%, which means you are losing money hand over fist. So if you are looking to build up a nest egg, then maybe you should consider investing in property.
With an ageing population, the need to provide all kinds of facilities is paramount in today’s world. And the most important thing we need as consumers is a home. By 2023, Retiremove estimates that 1 in 4 people in the Uk will be aged over 65. And this figure is only set to increase. So, investing in retirement property is worth considering if you are a potential landlord. It’s also worth investing in a retirement property if you are looking to downsize as you get older. In this essential guide, we look at things to consider.
You might have read some blogs, and you are itching to go as a landlord. As you’ll know by now, you need to be careful with your investment, know the law, have a network of tradesmen, find and build a rapport with trustworthy tenants and document your financial activities correctly. It’s no easy task. If you are considering the pros and cons of buying your first buy to let property, here are 7 of our top tips for doing just that:
We hope that if you’ve read previous blogs, then you’ll know there’s far more to being a landlord than getting a great mortgage deal, finding a tenant and sitting back to count your cash. It’s a business like any other but carries significantly more risks than most businesses. If it goes wrong, you stand to be in a difficult situation with possibly several empty properties and being responsible for several mortgages. If you fall foul of regulations, you could find yourself in hot water legally. So there are far more opportunities out there that have less serious consequences.
Your rental property is a long-term investment, so you must take care of it well. It’s a big mistake to leave this job to tenants, as it is not their job. Yes, it’s their job to keep the property clean. And you might have stipulated in the contract that they keep the garden maintained. But aside from that, it’s not their job, and you’ll be lucky to find a tenant that is either a capable or willing handyman. But how do you take care of your rental property so that your little pot of gold doesn’t turn into a costly nightmare down the line? Here are our top tips to stay on track.