Landlords throughout the UK have an obligation to ensure that their properties are safe and in good repair. Perhaps the most important obligation for landlords is to ensure that properties are compliant with the latest fire safety guidance. Despite the number of fire fatalities having reduced significantly over the past decades, there are approximately 37,000 […]
This post will help you to understand what is meant by the term fixtures and fittings and when you can offset the replacement of them against your income tax.
Home improvements allow you to enhance the practicality of your property as well as the look and feel. When carrying out home improvements, there are certain things you should be aware of to help you avoid problems along the way. For example, it can be easy to forget about gas safety measures, but gas safety […]
Property investment is a landscape that constantly shifts. There are so many moving parts impacting future decisions that it’s important to get the fundamentals right early on. In this guest post, we take a look at one of the first things investors need to consider when choosing a property. This, of course, is what the tenants wants from the rental property.
Building a commercial property can be a lucrative venture. It can take a lot for the project to succeed, so you will need to put careful thought into how and why you’re taking the steps you are. There is a lot to consider, and the more thorough you are in your planning phase, the more […]
One of the most impressive features of the private rental sector is the sheer breadth and scale of the type of landlords that make up the British rental market. From active retirees to passive 20-year-olds. From educated doctors to industrious trades people. No two landlords are the same. As a result, there is a huge […]
Ah, technology. Love it or loathe it, technology has revolutionised our lives in so many ways. From cute cat videos to mobile banking, most of us can’t manage without some kind of daily smartphone fix.
Whilst it certainly came with its challenges, 2021 provided a lot for landlords to be thankful for. Not least the fact that house prices increased by 9.8% over the course of the year, equivalent to an average increase of £24,500. It wasn’t just house prices which rose last year, rents have been rising at the fastest […]
Ah, spreadsheets. Love them or hate them, spreadsheets are surprisingly useful. Most people never truly get to grips with the many sophisticated things a spreadsheet can do, such as pivot tables, power queries, macros, and simulations. To be honest, though, unless you are the Chancellor of the Exchequer, it’s unlikely you’ll need all but the […]
If you sold a property before 6th April 2020, and rented out the property for part of the period of your ownership, then it is likely you were eligible for private letting relief.
Each year we cycle through four seasons, putting up with freezing rain for weeks, and later making the most of the sunshine and heat. But many of us fail to realise that the property market gets affected by changing seasons too.
For the fourth and final instalment of ‘A Start of Tenancy Checklist’, this section will list what you need to do once your tenants have moved in.
Whether it is in business or in life, the ability to manage one’s finances is a key requirement on the path to financial success. Landlords can appreciate this fact more than most. Regular mortgage payments and numerous expected and unexpected costs necessitate that landlords be on top of their cashflow. As such, it is important to ensure that you […]
Good bookkeeping is as important for landlords as it is for any other business owner. Without thorough, accurate financial records, you can’t possibly build up a realistic overview of what’s happening in your business. It’s essential for monitoring performance, planning ahead to manage your cash flow, and dealing with the challenges of HMRC.
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