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 […]
The government has published wholesale changes to the way prospective tenants from the European Union are treated during right to rent checks. The guidance comes a mere five years after the United Kingdom voted to leave the European Union (EU) and adds clarification for landlords and prospective tenants alike. Once the changes have come into effect, applicants from the European […]
Repairing the fixed assets of a business will generally be a tax-allowable business expense, but improving an asset will not. Repairs are revenue expenses, and allowable against income, but improvements are capital expenditure, and not allowable against income (although they may be deducted from the capital gain on disposal for CGT purposes).
It is not just house prices that are increasing dramatically. Rents in some regions of the UK and Wales are rising at their fastest rate in a decade. Rents outside of London have increased by 3.0% over the past 12 months, according to online listing agent Zoopla. Similar to the broader housing market, there are noticeable trends driving rental […]
Airbnb is a disrupter in the true sense of the word. It took an established industry and turned it on its head. While some traditional B&Bs and landlords decry it as a negative influence, others have grabbed this opportunity and ran with it.
I have probably made more mistakes than most landlords over the last 49 years, not least because back in the day there was no internet, landlord associations (that I was aware of) or property investor magazines. It occurred to me that admitting my mistakes will give other property investors the information that they need to […]
Inheritance tax is becoming more and more of a ‘tax bombshell.’ This is purely because property prices have increased so much over the past few years. If you do not plan for IHT now, then you could be passing on a huge tax liability as well as unwanted stress to your loved ones!
Last week Boris Johnson announced that the government would be delaying the long-awaited Covid ‘Freedom Day’ until the 19th of July. As a result of this, the government has decided to extend the emergency guidance on right to rent checks in England.
You might sometimes use your business accounts for personal expenses or withdrawals, in which case you won’t want these payments to be included when putting together your property accounts. With this in mind, we’ve added a new feature to make bank reconciliation even easier.
Back to blog