Making Buy-to-Let More Profitable
Are you a buy-to-let landlord?
If so, you’ll know from experience that the market has got much tougher.
Negative tax changes have eaten into profits. Finance is harder to arrange. HMOs (houses of multiple occupation) face stricter licensing regimes.
Many of the changes have been introduced to help make property more affordable for homebuyers rather than landlords. As a result, many smaller landlords have sold up as they’ve seen their incomes drop.
Despite this, there’s still a lot of opportunity out there for buy-to-let landlords. There a healthy and growing demand from prospective tenants for rental properties. The market is still there and is even buoyant.
But if you want to make a good profit from buy-to-let these days, you need to be a lot savvier than before. You need to know how to make the best use of your tax breaks, understand which financial structures are best for your portfolio, and know the best places to secure financing.
Because every portfolio is different, there are no one-size-fits all strategies for keeping your buy-to-let income as healthy as possible. But with the right knowledge and advice, you can certainly do it!
Below are a number of topics that every buy-to-let landlord needs to be familiar with. Some are simple, others are rather more complex. But all of them could benefit you – so if you’d like advice or help on any of them, please get in touch.