Managing finances and meeting tax deadlines can be a source of significant stress for landlords. However, Making Tax Digital aims to streamline the process and make it more efficient, offering a potential solution to this long-standing headache for landlords.
There a few things that I have learned recently which I want to share with you. I am sharing with the permission of the people who revealed this information, one of whom I will name and credit and the others prefer that I don’t. The first is for those who own older properties:
Chrissie has been a landlord for 21 years and uses Landlord Vision to manage her propertyportfolio. We asked Chrissie some questions about how she runs her successful portfolio and why she uses software to mange her properties.
Whether you manage an extensive portfolio of rental properties or let a single room in your home, you are still classified as a landlord. If you have the extra space, becoming a live-in landlord by letting a room in your home can be a great way to earn some extra income.
As a landlord, one of your primary goals is to maximise the return on your investment. Traditionally, HMOs (Houses in Multiple Occupation) and student lets would be the go to option given the higher potential to generate rental income. However, there are also several reasons why many landlords steer clear of HMOs and student lets, […]
April 6, and that can mean only one thing – the start of the new UK tax year. It’s when most changes to UK tax rules come into force, which can be good or bad news for you and your rental income. It can also be the perfect time to make tax less of a […]
As part of the integrated calendar in Landlord Vision, you can add tasks. Tasks allow you to keep on top of things that you need to do, so that you don’t forget to do them.
It wasn’t so long ago that the concept of an AI chatbot sounded like something belonging solely to science fiction. But with the unprecedented rise of ChatGPT, interest in AI chatbots has skyrocketed, and their use has become commonplace across various industries. But perhaps one of the last things that you might imagine would be […]
Void periods are a source of frustration for most landlords. Not only do they mean lost income, but they can also lead to additional costs and hassle when it comes to finding new tenants.
Many British landlords will have entered 2023 feeling battered and bruised. The private rental sector has faced an onslaught of spiralling mortgage rates, rising bills and incessant government legislation. Landlords who have survived thus far, now face the prospect of stuttering economic growth, a polarising political landscape and most worryingly of all – a potential […]
Unfortunately, there are at the moment a lot more landlords beginning or planning to sell up than is usual. There are several reasons for this but mainly it’s the loss of the tax allowance for mortgage costs, the increase in interest rates, and the concern that we will need to spend a lot of money […]
Mary Latham has been renting out property since 1972. Over the years she has developed a wealth of knowledge to help her build her business and succeed as an HMO landlord.
Deciding whether to put your property on the market or lease it out can be a complex and difficult decision to make. The right option for you depends on many different factors, including your current circumstances, future plans, the condition and location of the property, and the health of the housing market.
It is no secret that the lettings industry as a whole is dragging its feet when it comes to entering the world of tech. Letting agents and landlords can be quite “stuck in their ways” with their ways of working and not easily tempted away from their usual practices.
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