Believe it or not, welcome packages for new tenants can be quite a controversial subject. Admittedly, few landlords will ever lose sleep over the debate. Yet, there appears to be a clear dividing line between more experienced landlords and the newer generation of property investors.
In this first of an epic 8 part series we’re going to be looking at different property investment strategies ranging from buy to let through HMO to niche strategies you may never have heard of. But where better to start than with buy to let? It is arguably still the most popular strategy.
Visit any landlord focussed blog and you will find the obligatory “x tips for new landlords” post. The posts usually contain good but generic tips for getting started with property. What you won’t often find is the post that needs to come after that, the one about growing or scaling your property business – how to level […]
Times of economic uncertainty are often felt across every inch of society in some way, shape or form. The global pandemic has been no exception, and as the first national lockdown temporarily halted the property industry, a lot of landlords were left concerned about their Buy-to-Let property.
Since our distant ancestor searched for a cave in which to keep his family dry and safe we have known that the location of a place to call home is THE single most important consideration …. And yet mistakes happen because a T-Rex isn’t standing in the entrance and sometimes we don’t see the more subtle signs. Great area, wrong road…
There are a number of tax reliefs available when renovating properties. In this post we’re going to look at some of the more common reliefs as laid out in the popular Property Tax Portal guide – How to Reduce Landlord Taxes.
Landlords in England are required by law to ensure that their tenants have the right to reside in the UK before providing rented accommodation. It is imperative that, prior to letting a property, landlords verify the immigration status of each and every adult proposing to occupy the property.
This month in Tax Tips Q&A, we answer questions about offsetting expenses against rental income profit and what to do when that income equals a loss. We also have a question about tax on rental income.
Landlord Vision allows you to give your tenants access to their own area where they can view their data, download their documents and even contact you. This section of the software is called the Tenant Module and is so easy to set up. Firstly though, we’ll go over what the Tenant Module actually does.
One of the most satisfying parts of being a landlord is seeing the rents rise on the properties you let out. In most cases, it can mean a greater income and increased profit on your properties. Intrinsically, it can be an indication of a property well bought and a portfolio well managed.
A quick online search will produce a whole host of tips and tricks for staying young. You may be advised to moisturise daily or load up on antioxidants to fight inflammation. However, few sites will advise you that becoming a landlord will prevent the onset of age. Yet, landlords in Britain are becoming increasingly youthful.
It is increasingly common for ambitious or tax conscious landlords to operate their properties through a limited company structure. In fact, more companies were set up to hold buy-to-let properties between 2016 and 2020 than in the whole of the preceding 50 years. There are more than 225,000 limited companies operated by landlords in the UK.
This section has been written by Amer Siddiq, founder of Property Tax Portal. Finding an Accountant There is a saying, “a good accountant pays for him/herself”. Never a truer word has been spoken. In this chapter we will become familiar with and understand how to acquire the services of an excellent accountant.
There are few things quite as dull as a monetary policy report. For many people, the term ‘monetary policy’ is enough to immediately lose their attention. It is understandable, monetary policy relies on economic theories, the reports often use financial jargon to refer to complex tools and changes are often measured in basis points (one-hundredth […]
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