-
Home
- Blog
Blog
- Details
- Hits: 411
FIVE WAYS TO RAISE THE RETURN ON YOUR RENTAL HOMES
Is your buy-to-let as profitable as it could be? Many aren’t.
There’s often more mileage in a rental home than many landlords realize and some of the checks you can make to determine whether your property is a peak performer include:
- Do your tenants usually leave after the initial contract term?
- Are other nearby homes achieving a higher rent than yours?
- Does your property reflect what local tenants are looking for?
Being a successful landlord is all about balancing capital growth, cash flow, and long-term planning. If you can optimize your investment now, it'll work even better in the future as rental values increase.
With that in mind, this week's blog is packed with tips for more profitable buy-to-lets, from cutting your costs to making improvements and even reviewing your business model.
So, whether you’re thinking of becoming a landlord, have a rental property that will soon be empty, or want to negotiate a higher rent with your tenants in return for upgrades, all you need is right here.
- Details
- Hits: 492
HOW DO YOU PICK THE BEST OF THE BEST FOR YOUR RENTAL PROPERTY?
It sounds like a landlord’s dream come true: a shortage of rental homes, multiple tenants competing for each one, and rents going through the roof.
It’s the same story for almost every property to rent in Liverpool, but the flood of enquiries can be overwhelming. So how do you avoid getting bogged down in a sea of viewings and admin?
Well, it’s a mix of who you naturally attract in the first place and how you filter out the crowd, which means boosting your understanding of:
- Why there are so many tenants.
- The best way to target high earners.
- How to screen people before viewings.
- Typical warning signs of problem tenants.
- The secrets of rigorous referencing.
Daunted? Don’t be! In this week’s blog, we’ll show you how we sort the great from the good, so you can be sure the tenant you pick is truly the cream of the crop.
- Details
- Hits: 513
COULD YOU BOOST THE INCOME OF YOUR RENTAL PROPERTY BY 21%?
To furnish or not to furnish? That hasn’t been the question for as long as we can remember - it’s been unfurnished all the way.
Nonetheless, the subject comes up in conversation every now and then, and a recent Zoopla article weighed up the pros and cons of furnished vs unfurnished homes, albeit from a tenant’s perspective.
So we thought it was worth exploring from a landlord’s point of view, particularly if it opens up a new angle and extra income for your buy-to-let business.
Over the last few years, surveys have found that:
- Tenants pay up to 21% more for a furnished home, according to research by onthemarket.com, rising to 50% for some furnished city rentals, according to CIA insurance;
- 28% of tenants would pay more rent in return for high-quality furniture, while 26% are more likely to rent a furnished property over an empty one.
Does that mean a quarter of tenants will pay handsomely for a furnished home? And if so, which quarter? And isn’t supplying furniture just an expensive hassle for landlords?
There are plenty of questions, so if you own a rental property in Liverpool and you’re wondering whether it’s right for a furnished letting, this week’s blog should provide some answers.
- Details
- Hits: 409
HOW TO HELP YOUR CHILD START THEIR OWN BUY-TO-LET BUSINESS
Imagine if your child was already financially independent by the age of 25. How proud would that make you feel?
With the UK’s massive housing shortage, rents are being pushed higher and higher. This means more private landlords are urgently needed, and buy-to-let is the ideal business to begin at a young age.
Your child can buy a property as soon as they turn 18, and by starting with low-value, high-yield homes, they can slash the costs of getting going and earn excellent short-term returns to reinvest.
Whether or not you’re an experienced landlord yourself, you can help your child begin their rental investment journey towards a happy and successful life - surely every parent’s dream.
With that in mind, this week's blog is packed with tips for supporting your child to save up, secure their first rental property, and build their own successful buy-to-let business for a solid financial future.
- Details
- Hits: 513
YOUR NO-NONSENSE GUIDE TO THE CURRENT RATES AND ALLOWANCES
There have been lots of changes to the way landlords are taxed over the last few years, creating plenty of confusion and leaving some questioning whether buy-to-let is a worthwhile investment.
The answer is very much a personal choice, but having complete clarity is a great place to start when deciding on your future.
Whether you already own a rental property, or you're planning to buy or sell one, the changes in policy affect:
- Stamp duty land tax
- Mortgage interest relief
- Income tax
- Capital gains tax
- Corporation tax
So if you want to be completely sure of the latest rules and claim back every allowable expense, this week's blog is for you.
Why sell or let with us?
Here are some of the reasons why you should choose Homelets to sell or let your property:
- Dedicated Local Experts
- 24/7 Contact
- No Commission
- No Sale No Fee
- Accompanied Viewings
- No Let No Fee
Submit a valuation opposite or call us on 0151 280 4047.
