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Being a landlord is about running a profitable investment, but for some, it is becoming harder to protect margins and generate a meaningful income. Now is a good time to examine your landlord status – is it best to be a private operator or a limited company?
If you follow politics, you’ll know it’s a case of ‘all change’ at the Conservative party. While the headline news is the resignation of our Prime Minister and the voting-in of a new leader, there was a reshuffling within the lower ranks that may have an effect on the property market.
It won’t have escaped your notice that outside space on its own is one of the best ‘added value’ aspects of property, with a well-kept garden widely believed to add between 10% and 20% to a home’s value.
June is over and where did that month go? The mid-point of 2022 is pivotal in the property calendar – with six months of trading behind us. All eyes are on the market’s momentum and whether demand is being maintained.
After years of delays and deliberations, the Renters’ Reform Bill has finally been crystalised in its associated White Paper. Titled the Fairer Private Rented Sector White Paper: a new deal for renting, the contents will soon become law and shape the way lettings is run.
For landlords, one of the most crucial aspects of your buy-to-let investment is your ability to generate a good rental yield.
Along with capital appreciation, rental yields are indicative of how much profit you could make in rental income and will determine whether you can cover the cost of your buy-to-let mortgage.
When letting a property in Scotland, landlords who know the best time to let are far more likely to reap the most benefits.
Protecting your tenants’ deposits is not only vitally important to the smooth running of tenancies, but also a legal obligation and can help avoid disputes at a later date. So, it really does pay to fully understand your obligations as a landlord when it
Potential reform of the rented sector proposed by the Scottish Government in its draft strategy could mean the erosion of landlords’ rights, according to trade body Propertymark. The association claims that the tenant-centred approach, A New Deal for Tenants, is overlooking the needs and rights of landlords, particularly around their ability to seek possession of their properties.
Many tenants now recognise that a major cause of greenhouse gas emissions are homes, making energy performance certificate (EPC) ratings a key consideration when deciding which rental property is for them.
If you were lucky enough to have a spare bedroom in 2020, there is a high chance that you shoved the bed to one side (or got rid of it altogether) to make way for a home office. In fact, a report from Zoopla suggests that some nine million bedrooms were lost during the pandemic to other uses.
For many, having aspirations of becoming a successful landlord is an appealing prospect. Not only is it a fantastic source of residual income, but investing in property in the long term could be substantially rewarding. However, one should not be blinded by the prospect of profits as one should strive for accumulating satisfied tenants and fully occupied rental properties.
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