Support – guidance – expertise
With the proposed changes, landlords fear that once a tenant is in place, they may find it nearly impossible to regain possession of their property if the relationship sours, or their own situation changes. Combined with fears of increased tax liabilities, this obviously has made some landlords more cautious than ever before.
HOWEVER while the proposed legislation might seem daunting, it’s important to note that these changes are not yet set in stone. Indeed, any changes have to go through many stages of Parliament and face many revisions before they can become law.
As an agent, we are keeping a close eye on these developments and are prepared to navigate any changes on behalf of our clients.
Now, more than ever, landlords need an agent who is more than just a middleman—they need a partner who is a true expert in the field. Positioning ourselves as such, we can ensure that our clients are fully informed about all aspects of the rental market, including potential legislative changes and their implications. We are ready to offer advice on property management strategies tailored to our client’s individual requirements.
The Value of Professional Management extends beyond the day-to-day running of a property but will also protect our landlords from potential pitfalls; such as the responsibilities regarding the handling of tenant money. Crucially, using an agent means the deposit will be protected correctly and detailed records will be kept of all financial transactions, reducing the risk of fines or legal disputes. Additionally, by providing monthly statements detailing expenditures for tax purposes. The good news for landlords is that tax is only paid on profit, and some expenses are tax-deductible
Finally, by offering continuous support to our landlords, not just when issues arise, but as a constant in the property management journey through our regular check-ins, detailed reports, and open lines of communication, we can reassure our landlords that they have made the right choice by working with us.
With the industry in flux, self-managing landlords face increased risks and responsibilities. Partnering with a letting agent not only mitigates these risks but also ensures a smoother, more profitable experience. In uncertain times, having an expert on your side is not just beneficial—it’s essential.
