NEXT STEPS TO ASSESS AND IMPROVE YOUR INVESTMENT RETURNS

Maximise your property investment by developing a clear strategy, understanding market trends, and choosing the right financing options. Regularly assess your portfolio’s performance, explore opportunities for expansion, and stay informed about regulatory changes. By leveraging expert advice and staying proactive, you can achieve sustained growth and success in the property market.

(a) Reducing Costs

Self Managing can save significant sums but without the support, cutting corners or making mistakes can be costly.

(b) Increasing Rent

Sounds obvious, but when was the last time you undertook a review of your rent? You may be pleasantly surprised by the market over the last few years.

(c) Vet Your Tenants

Vet your tenants! Check tenants thoroughly. This will help you avoid problems with longer void periods as houses are put back into order. It will also help you avoid damages, avoid disputes and help you benefit from tenants who stay longer.

(d) Reducing Voids

To be balanced up with everything else but being prepared in advance can only help. Promote the property quickly and effectively.

Review Your Use of Capital

How much capital have you got tied up in property?

This can have a significant impact on your returns and has an impact on costs too. Remortgaging can help you extract equity from your investment, allowing you to realise the wealth accrued in your portfolio. Many landlords are wealthy but perhaps have not got the income that would typically be associated with such wealth; Asset Rich but Cash Poor. Remortgaging can address that balance. Remortgaging can also have a serious impact on your net income through altering your monthly interest payments. Remortgaging can also raise funds to re-invest. This re-investment may be in areas where you can get better returns based on this kind of analysis allowing you to make the most of your funds. Reviewing your use of capital can also identify other opportunities such as tax savings etc.