The Benefits of Being a Landlord
6th April 2017
Whether you’re a landlord with a large portfolio or just about to rent our your first property; there are a number of benefits to being a Landlord such as:
With average house prices in the UK rising, the chance to buy for many people is becoming less and less of an option. For those looking to move house for a number of reasons such as moving in with a partner, moving out of home for the first time, moving after a recent divorce, moving after a job location, whatever the reason may be, if the potential to buy a new property isn’t a realistic prospect, then this is where rental properties enter the frame!
The whole world is just a day away and people change jobs and locations far quicker than they might have a few years ago. If the people looking to move are homeowners, the moving process can be longer than expected which results in many people looking to rent as a short-term fix, something landlords will benefit from.
Although some landlords see their properties as a drain on time and money, managed correctly, a rental property can be a source of additional revenue and in some instances, a retirement fund.
By understanding the mortgage market, landlords may also be able to release equity tied up in their rental property to invest in another property, pay for children to go to university, make improvements to your own home or a variety of other reasons.
Whilst these benefits are attractive, there is no getting away from the fact that managing a rental property on your own can be challenging and time intensive – more-so if you don’t have any prior experience.
That said, at Porters, we are perfectly placed to help.
With a full range of rental services on offer, we can manage your property on your behalf including all the headaches and hassles that come with it. We also offer a property maintenance service so if your property needs some tlc or there are repairs to be made, we can arrange it all for you.
To find out more, either contact our team on 01656 766666 or visit our website: