We can assure you that although our shop front may be closed our business, and support for you, is very much open. We will continue to care for our property owners, our tenants and properties.
Hope that you’ve all had a relaxing and restorative holiday break with family and friends. The new year is all about taking a moment and re-evaluating, and as we also enter a new decade, this seems to be even more pronounced. Here are the three themes we’ve picked up on when speaking with our owners recently.
We know that it can be stressful being a property owner and landlord. Being experienced investors ourselves, many of our property managers understand the feeling of balancing a very busy plate! That’s why we like to keep our clients aware of changes in the property world that might affect them.
We love our little chats… Seriously, the dialogue we have with all our owners is hugely valuable for us, but we knew we needed to cast the net wider. A common comment from owners in our last survey was that we should also survey tenants to find out what they wanted, and what they were feeling about things, too!
Making the move to expand your investment portfolio and lease a property can be a daunting decision – sometimes it feels like venturing into the unknown. Before making the commitment and accepting your first tenants, it’s a good idea to get an understanding of what being a landlord is really like.
It’s good practice to, once a year, review the performance of your investment portfolio in order to keep track of how your investment goes beyond the initial cost of purchase. Part of this complete picture is understanding and planning your ongoing expenses. Forecasting in this way ensures you don’t find yourself under unexpected financial pressure anytime in the future.