If you’re a first-time landlord in the rental business, there are lots of things to learn to maximise the profits of your new business venture. Take a few minutes to check out our 10 tips for first-time landlords.
Using a property manager can seriously eat into your margins. London property managers typically charge 10-30% of the rental value. With these kinds of charges, you’ll be forced to raise the rental value making your property less competitive. It’s easy enough to manage properties yourself. Start by managing one property and then as your portfolio gets larger, you’ll be organised and able to scale the task. Check out our quick guide on how to manage properties.
If you’re a landlord looking to increase margins, then you need to know about co-living. It’s a new market for the UK and savvy landlords are itching to get in on this cash cow rental sector. In this quick guide, you’ll find co-living explained for landlords in full. So dig in!
Just like anything in life, there’s the good and the bad. There are great aspects to being a landlord but there are downsides, too. Check out our pros and cons of being a landlord to decide if it’s for you.
Becoming a landlord is no small decision. It can give you monthly income and allow you to acquire properties that can be used for retirement funds and inheritance. Before you make this huge business, career, and financial decision read our quick guide on things you should know before you become a landlord.
With new tax changes in 2020 squeezing margins for landlords, it’s becoming more difficult to turn a profit each month. It’s important that rental entrepreneurs protect their bottom line. So here are 7 of the best tips to save money as a landlord.
Moving home is stressful enough without wondering if your landlord will return your deposit. Landlords deduct for many reasons. But gone are the days of ruthless landlords who would keep your tenancy deposit, come what may. It’s now law for your deposit to be protected in a government scheme. There, it will stay, until it comes time to move on. It’s at this point you can make sure the property is in good condition and your landlord deducts the correct amount.
There’s no point asking for a full deposit if there are issues with the property. Your landlord may deduct money from your deposit for several things. In this short guide we detail what your landlord can and cannot deduct from your deposit.
It’s true that being a landlord has become slightly harder in the last decade compared to how it was in the past. But since the concept of renting began, government regulations have continued to change.
Change is often worrying for landlords and – on top of that – simply being a landlord comes with high responsibilities and potentially high stress. It isn’t all doom and gloom, but staying informed and understanding landlord worries is important if you’re thinking about stepping into property management.
In this article, we outline the biggest worries of landlords and potential solutions to help protect yourself.
Renovating properties to let them to tenants can be a great way to buy a property cheaply and increase the value of your investment. However, there are lots of mistakes that landlords, and particularly new landlords make. Follow these tips to renovate perfect rental properties which withstand wear and tear and are appealing to prospective tenants.
Like everything in life, you may as well be better at something than just getting by. You can be a better landlord by taking some simple steps. When you’re a better landlord, your tenants will be happier and are likely to stay longer. Not just that, by following simple steps you’ll be making life easier for yourself.
Some of these tips for being a better landlord are common sense and some you might not have considered.
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