Many landlords look to expand their property portfolio, but with rules and regulations continuously growing (not to mention changing tax returns and tenant rights), managing multiple rental properties is getting trickier.
Submitting tax returns is part and parcel of being a landlord and, unfortunately, there’s no way of avoiding it. Even if you have an accountant, you’re still responsible for tracking expenses and submitting evidence.
The UK rental property market continues to present opportunities for both new and experienced landlords. From generating a consistent income to almost guaranteeing capital growth, it remains an attractive investment.
To say the UK property market has been disruptive in recent years is likely an understatement. Rising interest rates and high levels of inflation – coupled with soaring costs of living – have left many landlords less than certain about the future.
As a landlord, DIY is likely your middle name. Not only when it comes to renovations – fixing a sink here and splashing paint on a scuffed wall there – but in how you manage your property overall.
Vacant properties tend to be a landlord’s worst nightmare. A tenant moving out unexpectedly leaves most landlords scrambling to find a replacement occupant as quickly as possible – and understandably.
The costs of being a landlord are ever-increasing and it’s tempting to shave a few pounds off the bottom line whenever you can. But is skipping rent guarantee insurance the way to do it? It certainly comes with its risks.
Co-investing in a buy-to-let property with friends or family – is it a good idea? It certainly can be, but it’s important to get the full picture before jumping in headfirst.
Changing an existing tenancy agreement must be done right. Properly recording the changes protects landlords from accidentally invalidating a contract or breaching a tenant’s rights.
