Why did you become a residential property landlord?
What happened to all that well-deserved and stress-free time you promised yourself?
When you got into the property business – as an investor or as an accidental landlord - did you see it as a way to make a nice income without too much stress and hassle?
Was it going to be a great way to have a side job or your primary source of income?
Did it work out like that? Or do you spend your time …
- Dealing with tenants’ requests and problems, repairing and maintaining buildings, or fixing and replacing appliances?
- Keeping up to date with new legislation, tenancy renewals, deposit registrations, and rent increases?
- Upgrading, cleaning, and redecorating between tenancies - then sorting out the ‘paperwork’ returning deposits and deposit claims?
And what about those dreaded void periods when you still have to pay the mortgage, the council tax, and utility bills?
As a rental property landlord, when was the last time you switched off properly? When was the last time you had real peace of mind?
With legislation changing constantly, are you considering - reluctantly perhaps - that it may be better to sell your property and be done with it once and for all?
Well, you’re not alone!
Many landlords like you are thinking that rental income tax increases and reduced tax allowances are making them wonder whether it’s worthwhile!
- increasing taxes due on rental income since April 2017 – and they’ll continue to go up every year until 2020.
- the end of the furnished property tax allowance since 2016.
- and recent low rent increases, if any.
You may be one of the 20%* of landlords and property investors (selling over 4000 properties per month**) who think it's now finally the time to start to enjoy the capital they’ve made.
Has the time come to “let go” and enjoy the fruits of your labour? You probably deserve it.
We’ve recently sold properties owned by landlords like you who wanted to realise a dream, to retire, to move abroad, do something new with their lives.
Some wanted to have better holidays or a new car. Others wanted to put the money towards improving their own property, helping their children through university or with their deposit and the first step on the property ladder.
Some of the buyers we worked with were also keen to earn from their new property straight after completing the sale.
- They installed new kitchens and bathrooms or refurbished throughout to increase the rental value considerably.
- They moved in themselves, did it up and sold at a profit.
- They moved a student daughter in (rather than renting for 3 or 4 years).
- They let it out for a while and plan to retire to it one day.
In addition, we’re often asked “But what about my tenants, when I sell the property?”
If you want to hold on to your tenant, we’ll work with them to help them make your property “viewing ready” at reasonable times of the day. The tenancy agreement could “transfer” to the new owner on completion, and your tenant could continue to enjoy living there and – as a regular payer of rent – they could even become part of promoting it.
To offer your property for sale without your current tenant, we can serve the correct notice for you to regain vacant possession, help you return the security deposit, and help you carry out any necessary repairs and maintenance.
If you’d like to know more about our no-stress, simple online way to sell your property, please call now on 01926 825041 to book your 10-minute initial conversation and start making plans!
We offer a low fixed fee and a no worry process, and you’ll find there are no hidden extras, no sneaky add-ons, and the VAT is even included.
*This is Money **Ministry of Housing report
It is important to remember that in order to ensure you receive the best financial advice for your circumstances, it is always advisable to use a recommended independent financial advisor.
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We were delighted when The Letting People proved that through their commitment they could let our property quickly at the target rental. We can certainly recommend their professional service. Mr and Mrs V, landlords, Warwick