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TAP INTO THE TREND TO BOOST YOUR RENTAL PROPERTY'S INCOME

 

Can you believe the average UK employee now spends just 1.5 days a week at the office? Unimaginable just a couple of years ago, it's now abundantly clear that the way we work has changed forever.

 

The new era of flexible working spells good news for landlords, with the chance to increase the income of your existing rental properties. Government figures confirm that hybrid workers are more likely to be high earners, which makes them an audience well worth targeting.

 

More people than ever are working remotely, including those looking at properties to rent in Liverpool.  Everyone accepted makeshift arrangements during lockdown, from Zooms on the couch to laptops on the stairs, but tenants are now prioritising their health and wellbeing. 

 

Today, homes are being scrutinised for how suited they are to double duties, with high demand for clearly defined workspaces. So whatever the size of your rental property, here's our guide to using what you've got to maximise the performance of your investment.

GET IT RIGHT FIRST TIME WITH OUR EXPERT TIPS FOR NEW LANDLORDS

 

Have you wondered about becoming a landlord but aren't sure whether it's still worth it or even your kind of thing? Well, you're in the right place!

 

For anyone with a genuine passion for property, being a landlord is a very natural fit to supplement your income, build financial freedom and nurture your inner designer and entrepreneur.

 

Providing comfortable and stylish homes that people enjoy living in is a genuine source of satisfaction and accomplishment for many of our landlord clients - they take real pride in what they do and find the experience truly rewarding, personally and professionally.

 

It's also true that the buy-to-let landscape has shifted significantly in recent years. Changes in taxation, stamp duty, tenancy legislation and energy efficiency standards have put more responsibility on landlords, but buying to let remains a sound long-term investment strategy. 

 

With that in mind, this week's blog covers all you need to know about starting and growing your own lettings portfolio.

OUR EXPERT TIPS TO MINIMISE THE WEAR & TEAR AT YOUR BUY-TO-LET 

The end of a tenancy is often filled with uncertainty. Landlords worry over the state of their property when it's returned, while tenants fret about how much of their security deposit will be refunded.

Fortunately, there are many ways for landlords to design out the potential for damage, reduce the impact of wear and tear and alleviate the nail-biting as the check-out date approaches. 

Three of the most fundamental factors include: 

 

  • the way the contract and relationship with your tenants are set up from the start

  • the liveability and durability of your buy-to-let when your tenants move in

  • how your tenants and property are managed during the tenancy.

 

A shared goal of every landlord and tenant should be a home that's easy to live in, easy to love and easy to hand back in good condition. With that in mind, this week's blog has everything you need to help your buy-to-let stay in great shape during a tenancy, and to minimise gaps in your income between lets.

BAD NEWS FOR LANDLORDS, OR LONG OVERDUE FAIRNESS FOR EVERYONE?

There’s been a flurry of news and commentary since the Government announced its Renters Reform Bill. Representing the biggest changes to the private rental sector in 30 years, the Bill is set for introduction to Parliament before March 2023, with a view to becoming law by early 2024.

Despite dramatic headlines, the Bill isn’t only about the rights of tenants. In fact, Nick Beadle, Chief Executive of the National Residential Landlords Association, has said the “commitments to strengthening possession grounds, speedier court processes and mediation are helpful”.

Nonetheless, Michael Gove’s rhetoric on June 16th promised to protect tenants from “landlords who fail to repair homes and let families live in damp, unsafe and cold properties, with the threat of unfair ‘no fault’ eviction orders hanging over them.” 

Eliminating substandard homes from the rental market is obviously a welcome step forward, but what if you’re already a professional and responsible landlord? Our blog this week explores the proposals and what they actually mean for anyone owning a buy-to-let property.

BUILDING A BUY-TO-LET LEGACY FOR YOU AND YOUR FAMILY’S FUTURE

 

Bricks & mortar never go out of fashion.

 

People will always need homes, which makes buying to let one of the safest investment strategies around. It's also a smart way to build a tax-efficient inheritance, something today's young are becoming more reliant on than previous generations with the ever-widening gap between house prices and incomes.

 

Property has stood the test of time as a solid way to create wealth with an asset that’s forever in demand and can never disappear overnight.  And while nobody can predict what lies ahead, there are steps you can take to accelerate your goals in life, plan a comfortable retirement, and give your children a valuable head-start. 

 

So let’s take a look at how you can lay the foundations of a secure financial future for you and your family.

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