Why Become A Landlord
Buying an investment property should be viewed as a long term commitment. If you do not have the funds you require in cash, then re-mortgaging a property you already own or obtaining a buy to let mortgage, will enable you to start investing.
The private rental market has grown rapidly and many professionals with good jobs are opting to rent. The government is also changing the legislation so it may be appropriate to put your property into a private pension scheme making it a tax free investment. There is a lot more to becoming a landlord than simply finding the tenants and collecting rent, careful consideration needs to be given to the type of property and area to buy in. Then there are legal obligations that must be adhered to and protecting your investment from bad tenants.
It is very easy to fall foul of these and get yourself into an awkward situation, which as well as being unpleasant can also prove costly. Philip James Estates have all the experience and knowledge which is required to look after the best interests of both the property owner and the prospective tenant alike. Their special ability and skill is to oversee the entire operation and ensure that everyone is satisfied with the arrangement.
At Philip James Estates we can guide you through the pitfalls, from assistance with your mortgage needs right through to full management of your property, 70% of our new clients come from recommendation and many existing clients have been with us for more than 15 years.
Whatever the client’s situation, Philip James Estates know only too well just how fraught this area can be for the uninitiated tenant or property owner. With this in mind Philip James Estates offer free advice and valuations. A strict and thorough tenant selection and vetting procedure is also in operation.
If you find yourself in the situation where you need expert advice on letting or renting a property, contact us and ask for their advice and guidance. We will be only too happy to help you.