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The Landlord Vision property management software blog

Keep up to date with the latest landlord news

7 Things Landlords are Missing From Their Spreadsheets

7 things landlords are missing from their spreadsheets

It’s no surprise that lots of landlords use spreadsheets to manage their properties. When you first start out, maybe you’ve got one or two rental properties and only a handful of tenants, in which case your spreadsheet is enough.

If you’re anything like me and you’ve spent most of your working years tripping the cell fantastic in Excel it’s probably child’s play – you might even have some conditional formatting thrown in for good measure. If you’re new to the world of spreadsheets, or you’ve never delved into the confusingly named Excel features it’s easy to get lost in the miasma of Excel functions and formulas.

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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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