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Landlord Insider
On the Landlord Insider blog, you’ll find some excellent resources for landlords of all sizes. From the latest landlord news, to professional advice, tips and guides for landlords, there’s something for everyone. Brought to you by the excellent team behind the Landlord Vision property management software.

Landlords Are Struggling In The New Tax Climate

Hand writing the word tax

New research published by the National Landlords Association has revealed that many landlords are struggling to keep their heads above water. NLA research indicates around 79% of landlords are finding it impossible to pay more than the interest in their buy to let mortgages. They say this is down to the rising costs of being a landlord in the current economic climate.

While tenants often assume that landlords are flush with money because they own extra properties, the opposite may well be true. Landlords may have hefty mortgages to service, which take the majority of their rental income. Yes, they are making capital gains in some areas, but with other costs to consider, including housing maintenance, licencing fees, and landlord insurance, operating as a landlord can be an expensive business.

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Increase Your Rental Income By Renting Out Furnished Properties….

Furniture

New research has indicated that tenants prefer renting furnished properties. Since the majority of properties in the buy to let sector are let unfurnished, landlords could be missing out.

Researchers from a leading property website looked at rental income from similar two-bed properties in nine UK cities. One property was furnished, and the other wasn’t. The data indicated that furnished properties earn up to 21% more each month in rent. It appears that many tenants are willing to pay a premium for a furnished property, especially in cities like London. The downside for landlords is that adding furniture is a costly business.

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