When hunting for a professional to sell your home, you’ll probably compile a list of property-related questions to fire off at prospective estate agents.
What’s the property worth? What changes need to be made before it’s listed? And what’s the best way to market it?
All wise questions worth asking, but please, don’t stop there! No matter how keen you are to get your property on the market, you need to uncover a few more facts about how the agent does business before making a final decision.
Not getting enough detail can be a costly mistake that means you:
- Achieve a lower selling price.
- Pay unexpected fees later down the line.
- Spend months locked into a deal with an agent who is missing in action.
So, before you commit, here are three important questions you need to ask
How do portfolio landlords deal with the multitude of tasks and mountains of red tape that come with managing several properties? Read on to find out.
Owning a portfolio of rental properties can be a great way to earn income and build up a tidy nest egg for the future. But be warned: you can’t afford to wing it.
If you’re disorganised with deposits, rent payments, inventories and maintenance, you’ll wind up out of pocket.
And if you don’t keep up with the hundreds of rules and regulations that apply to landlords, you could be fined or jailed.
Then there are emergencies: if a pipe bursts or a boiler breaks down at one of your properties, you’ll need to act quickly.
So how do successful landlords with multiple rental properties do it? Here are nine ways to make managing a property portfolio easier and more cost-effective.
Property industry figures are calling for action to prevent a critical shortage of rental stock in the buy-to-let sector.
They say that unless the government acts, there will be an exodus of landlords from the private rental market.
Such a scenario would reduce the number of properties available to rent – making it even tougher for tenants to find a decent place to live – and drive up the cost of renting.
