So today is a reminder as to why you do what you do as a Landlord. It’s so easy to forget! especially with the government dipping into our pockets!!!
This is undoubtedly the main reason people become landlords. Every month (assuming your tenants pay on time!), you’ll receive an amount of money which should be enough to cover any mortgage that is outstanding on the property. This allows you to hold on to the property while it gains in value or until you decide to quit the property market and take to the hills with your shoe boxes full of money.
Renting a property can provide an ongoing income which can be saved as a pension, or for a ‘rainy day’, plus – if your living situation changes – it’s also possible for you to use the property yourself (so long as you uphold any contracts signed with tenants). You will always have somewhere to live.
Flexibility of managing an investment
Being a landlord is like managing your own business, which can be very rewarding. You get to make the decisions on costs, contracts and terms, plus whether or not you want to sell your asset, and when, You’re the boss! What more could you want?
If this isn’t enough to pick you up then why not consider handing the management of your properties over to an agent. We at Hall and Thompson can take the hassle out of those midnight emergencies where your tenant rings telling you a pipe has burst. We can save you time, if renting properties is a second income but takes up more of your time than your first then why not let us do it for you. We are a friendly qualified and professional team waiting to make your day easier.
Feel free to contact us, for a no obligation chat on what we could do for you.
If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01827 425195, you can always email me on Lorraine@hallandthompson.co.uk