How do Landlords survive the onslaught in 2023 and beyond?

It's a tough time for property investors trying to make a profit.

Interest rates are reaching heights that we haven’t seen for a long time and if we believe what we hear, then they could still be rising.

Repairs, construction, maintenance, insurance, furnishing, fixtures and fittings are all becoming more costly too.

Taxes continue to steepen unabated.??

To top it all the government are tightening the noose to make it even more difficult for landlords to get their property back when things go wrong with a tenant.?

The unpaid rent, the extended time and stress it will take to get possession back and the exorbitant legal fees that go with it.?

So what choice do landlords have?

Just say to hell with it, sell your property and pay the capital gains tax??

- Any experienced investor knows that property is about long-term gains and selling is a last resort.?

Do you increase rents on already suffering tenants, struggling to make ends meet, keep warm and feed themselves? The cost of living is causing everyone serious pain. Even the most empathetic of landlords can do little else to make their own ends meet.?

Is there another answer?

A way that you can ride out the storm?

• How about one where your property has NO tenants but still has great cash flow and you get paid in advance with NO risk of them not paying or leaving when they are supposed to?

• What if that property is in your personal name and you can still offset taxable profit against the mortgage interest like the good old days?

• What if you could make a claim for capital allowances, dramatically reducing the tax you pay on your profits??

• What if this kept your property in excellent condition all of the time?

• Or maybe if you could pay those profits tax-free into a pension?

Wouldn’t that be something that would sound like a good plan?

Too good to be true?

Many smart people are doing all of this right now but only because they know and you don’t know what you don’t know, do you?

Let me enlighten you.

Those smart investors and landlords are welcoming guests and not tenants. They are operating short stay/serviced accommodation/ furnished holiday lets.

OK, but that's a hell of a lot of work and hassle right and you don’t have the time or want to learn what you need to, to make it work. That is not unusual.?

If you want all of those benefits then get an experienced, knowledgeable professional to do it all for you.

Someone who knows the best way to achieve the best possible rates and occupancies and who moves with the market constantly to maximise the returns. A company with brand reach and relationships with the right contacts to keep your property busy and cared for.?

Yes, of course, this comes at a price but it's the bottom line that you are in it for and if they can deliver why wouldn’t you pay that price??

What is your time worth??

Leveraging other's experience is hard to learn for most. We tend to struggle to let go and trust.

However, If you are ready to let go and harness the skills and connections of an established local business dedicated to short stay who will be passionate about looking after your business then reach out to us today for a free, no-obligation feasibility study of what your existing or potential property investment could be achieving for you.?

Let the Grandeur Property Management team take care of it all for you while you spend your time doing what you really, want to do.

[email protected]

01202 923118

www.grandeurproperty.co.uk