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Margins matter when you’re a landlord, and keeping an eye on your costs as well as your income is an essential part of any successful business strategy. But what about savings that cost you more later on? Just as buying cheap taps or appliances inevitably means paying for replacements or repairs before too long, cheap
Many landlords start out accidentally, from inheriting a property to moving in with a partner to having no luck selling their previous home. Some are happy to stick with just one rental, but for many others, it’s the start of something bigger as they recognise the opportunities in renting out multiple properties, not least a
You don’t need to spend a fortune to revitalise your rental property’s performance and transform its place in the market. A simple but often overlooked strategy is to target more affluent tenants, and by upgrading the experience of style and comfort, you can raise the income ceiling for your buy-to-let. Fortunately, with some constructive thinking,
Many landlords have no idea whether their rental property requires a license, which is why many get caught out. There are different rules around the UK for landlord licences, and local authorities aren’t always as communicative or loud about policy changes as they are around issuing fines! Given the many thousands of pounds in potential
More landlords than ever set up a limited company in 2024, with more than 46,000 new registrations between January and September of companies created to hold rental homes. If nothing else, the numbers show just how popular buy-to-let remains as a reliable strategy for building long-term wealth and financial freedom. Still, the landscape for landlords
No inventory, no claim. That’s about the long and the short of it if you end up in dispute with your tenant and want to make a deduction from their security deposit. Much more than just a list of items, an inventory is your only legal safeguard in claiming for damages. The law favours evidence,
They say teamwork makes the dream work, and being a landlord is no exception. Having great people working for you gives you the most precious commodity of all – time. Time to spend with your family, on personal passions, or expanding your rental portfolio. Listen to any Ted talk or podcast with a high-profile business
Average rental yields hit a ten-year high in the summer of 2024, fuelled by massive demand from tenants and an ever more acute shortage of homes. That data comes from a survey by Paragon Banking of 800 landlords that also revealed how 85% of them were making a monthly profit. It’s true that part of
Whether by plan or by accident, renting out your own home could be better for you than selling. Perhaps you’re relocating for work, heading off on an exciting adventure, or looking to create an extra income stream while moving on somewhere else. Regardless of why, there’s plenty to navigate in legal, financial, and personal terms,
“Look after the pennies, and the pounds will look after themselves.” It might be an old saying, but keeping a keen eye on the day-to-day finances of your rental property can pay huge dividends. But we’re not talking about being cheap. From buying a new fridge to replacing a shower head or even choosing a
