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.
Scammers are using increasingly sophisticated tactics to make a fast buck, often leaving landlords out of pocket or caught up in messy legal disputes.
Read on to learn about the most common scams targeting landlords and how to protect your rental property.
If you’re thinking of freshening up the interior of your home this year, here’s a list of what’s trending on the design front.
Are you planning a mega makeover in 2023? Or perhaps you just want to make some modest changes to breathe new life into your home? Whether your project is big or small, here are some design ideas to inspire you.
