Many people are choosing property management as a way to make a profit, particularly in London where the market is continuously growing. More and more housing is needed for more and more people, increasing the demand for affordable, high quality homes. For those who own an investment property with three bedrooms or more, turning your property into a HMO (house in multiple occupation) could be a viable option. Doing so serves the community well, providing living spaces for multiple people, and also maximises your income. We specialise in Barking and Dagenham property management, as well as managing properties throughout the capital, and we can not only help you to turn your property into a HMO but we can also guarantee your rent too. Continue reading
London’s newest developments
The demand for housing is reaching a critical level, particularly in London. The new Conservative Government will have a tough challenge on their hands to meet building demands and get the amount of properties built that are needed. There are currently said to be over 50,000 new homes at various stages of construction in the city. Some of these will become available this summer whereas others will follow in the spring of 2016. With the General Election over, it is a good time to take a look at the market and see where buyers can find the best deals. Continue reading
Swift payments and a healthy income
If you have experienced problems with your rent payments before, such as tenants missing payments or properties being left empty and unprofitable, you may be in search of an answer. There is one great way to ensure that you never miss out on required rent payments, and that is to sign up with a guaranteed rent scheme. This way you will carry on getting paid every month without the work, stress of hassle, regardless of outside circumstances. Continue reading
A rapid response to the election results
The response of the high end property market to the result of the General Election has been quicker than many estate agents could have imagined. Rokstone, an agency based in Central London, reported that they were receiving enquiries from investors shortly after midnight before the final result was even known as it already looked like a Labour government would not occur. A Conservative victory means the proposed mansion tax won’t happen, so the prime market can look forward to the next five years with confidence. Continue reading
High house prices continue to drive the demand for rental properties
Research from Hampton’s International reveals that it has become 77% harder to purchase a property in London since 2010. This is a result of the fall in average incomes and the rise in childcare costs and house prices. The figures also revealed that the average young family has only £347.00 spare annually after mortgage payments and essential spending. Recent studies that measured house prices, incomes, interest rates and the cost of living found that the amount of disposable cash that the average London family has left over is 22 times lower than the average UK family of four. Continue reading
Taking your portfolio a step further at auction
All property investors are in search of properties that offer the highest possible value for the lowest possible purchase price. Many turn to auctions in order to find properties which have great potential but are available for low prices. If you are an investor considering making a purchase at auction, our team offer an extensive pre-auction service designed to ensure that you make the right decisions. Continue reading
High yielding solutions for your bed and breakfast
The words bed and breakfast is enough to stir up feelings of cosy little buildings run by families and offering accommodation at a low price. Bed and breakfasts are often vital businesses in a local community, able to attract tourists and visitors on the strength of their accommodation alone. Many people choose to open such a business, either as a way of making money when they retire or as a primary source of income. However, running a bed and breakfast is not the easiest thing to do, and making money from it can be extremely difficult. Continue reading
Reasons to use our lettings service
If you are a landlord or a property investor who is thinking about letting one of your investments, you may be considering whether or not you should be using the services of a lettings agent. After all, wouldn’t you would be able to handle the lettings process by yourself? Here are some of the reasons why you should look into working with our lettings agents rather than trying to go it alone. Continue reading
The number of London renters continues to rise
Recent developments in the property market have led to a large proportion of young professionals, couples and families resigning themselves to long term renting following an 18 month period of rapid house price growth. A survey undertaken by Halifax revealed that the number of would-be buyers saving for a deposit fell six percentage points in 2014, with only 43% of people currently setting aside part of their monthly income to purchase a house. Continue reading
Guidelines for buying investment properties
Purchasing your first investment property is a big step, whether you plan on using it as a buy to let or want a quick turnaround and profit. The first option is becoming more and more popular, particularly in London where the number of people living in rented properties outstrips those who own their home. Whatever option you choose you need to work hard and plan carefully if you want to make money. Here are three essential things you need to get right when investing in properties. Continue reading
