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Why should I use an agency to let my property?
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Why should I use an agency to let my property? I can find a tenant myself on Gumtree…!
Landlords have long tried to maximise the yield of their investment by keeping costs down, indeed that is what we offer landlords; to keep their costs at a minimum.
There is a fine line where landlords risk losses by cutting legitimate costs.
Imagine that your boiler at home had stopped working. Whilst it may be attractive to try repair it yourself, in most cases you would be better off employing a qualified professional to resolve the issue. This is of course subject to circumstances; there will sometimes be cases where you would save significant sums by choosing to carry out the repair yourself.
When Should a Landlord Start Looking for a Property Management Company?
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When Should a Landlord Start Looking for a Property Management Company?
We frequently get asked by Landlords about when & why they should seriously consider bringing a property management company on board.
The goals of the landlord is really the driving factor to this decision. If you don’t mind the phone calls and the daily operations then you may save money by self-managing, but if you don’t feel that this is for you then you should start searching for an experienced property management company immediately.
Here’s why:
8 Qualities a Landlord Should Seek In a Property Management Company
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We get many calls from landlords that have had enough of the day to day operations of their investment properties and they are considering seeking out a quality property management company. We speak with them about the type of properties they have and what exactly they want in a property management company before we offer our services. Below are several attributes that property investors seek in a property management company:
The implications of being an overseas landlord
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What are the implications of being an overseas landlord?
All owners of property in the UK are required to pay tax on any rental income they receive, unless the income after allowable expenses is less than the individual’s personal allowances. However, special rules apply to the UK rental income of nonresident landlords or landlords who live abroad usually for more than six months.
These rules are outlined in the Non-Resident Landlord Scheme (NRL), which operates for rental income paid on or after 6th April 1996.
