The most recent Royal Institute of Chartered Surveyors (RICS) report suggested that rents will continue to rise whilst the supply of new property to let will reduce. It predicts that rents will increase by around 2% over the next year, but that by 2023 the increase could be as much as 15%. RICS suggests rental price growth will be as a result of smaller-scale landlords exiting the sector as the full impact of tax changes becomes a reality.
This poses an interesting challenge for portfolio landlords, many of whom appreciate the positive capital growth they could enjoy by holding onto, and indeed continuing to build on their investment portfolio over the longer-term.
If the predictions made by RICS are correct, then landlords would be wise to keep hold of their investment and enjoy longer-term property price growth and improved yields. However, you should ensure that your portfolio is being managed in the most efficient way possible.
That’s why at Haybrook we believe it is crucial for landlords who are managing complex portfolios to remove as much unnecessary expenditure as possible.
Our Investor Services Team can help with this. We have a dedicated team who are experts at managing even the most complex property portfolio, whilst simultaneously reducing costs. Regardless of where in the UK your properties are located, our team can manage your whole portfolio for you. We provide a single point of contact meaning you only need to speak to one person. We liaise with each of the individual branches and your own advisor will keep you updated as little or often as you choose.
The benefits of using this service are that we will:
• Collect the rent and provide regular statements
• Check regularly that there are no arrears
• Access trusted, expert contractors to arrange repairs and replacements on your behalf
• Look after the renewal of your gas safety certificate
• Arrange to visit and inspect each property
• Negotiate with your tenant when it comes to renewing their Tenancy Agreement and releasing their deposit at the end of the tenancy
This service is perfect for landlords who have properties across the country. We save time and hassle – whilst helping to maximise the return on your portfolio. Membership is completely free and it is a superb way for landlords to proactively manage and grow your investment portfolio.
If you have any properties with a tenant in place that we’re not managing for you across our group, then we’ll give you the first month’s management free of charge – plus we’ll give you Rent and Legal Protection at a heavily discounted rate. Plus, we are giving you the chance of winning a £100 John Lewis vouchers, the first 100 landlords to Sign up to our Landlord Investor club will be entered into the prize draw. (Terms and conditons apply)
More information on our special offers please contact our team on firstname.lastname@example.org or call 07960 120267