It’s well known that property is a great asset class that can give you a high income as well as a fantastic work/life balance. Today we look at how to start a property business whatever your personal situation, whether you’re cash-rich and time-poor or time-rich and cash-poor.
For today’s article, Edward Sykes from Renovate Alerts has kindly agreed to contribute his thoughts on how to become a property developer. It’s not rocket science, but the phrase “fail to plan and you plan to fail” applies more to development and renovation projects than perhaps any other area in the property investment industry.
When you’re investing in property, negotiating house price is an essential skill. But, this is a skill that is useful, not just for property professionals, but for homeowners and first-time buyers as well. Today, we look at negotiating on the asking price and at how to deal with estate agents when buying a house.
Thinking about investing in the Manchester or the North West? In today’s video, Rob compares locations and nails down seven of the best places to invest in the UK.
Today, Rob takes us round a serviced apartment in Manchester city centre to show how a property like this should be furnished and how the serviced model works. But the main draw of this flat is the location. If you are thinking of investing in serviced accommodation or corporate buy to let the location is something you absolutely have to get right.
We all know that the returns, when you’re investing in serviced apartments, are fantastic. Today we look at other benefits, including a better tenant profile, an easier exit strategy and the guarantee that your apartment will be kept in a good condition.
A rental guarantee can take many forms. It might be an insurance product, it might be tied to the value of the property, it might be something offered by a letting agent. The truth is, some rental guarantees are worth having, but most are not. The trick, as always, is to know exactly what you are signing up for and why it is being offered in the first place.
The bottom line is that, if your employees travel a lot, a serviced apartment is a lot more cost effective than a comparable hotel. But more than that, they are more convenient and they are more comfortable for your employees who will be happier in their own space and more productive in their work.
If you are thinking of investing in serviced accommodation then you have probably found yourself wondering exactly what kind of property you need to buy. The good news is that your research into your tenant profile and a good location will almost certainly make that decision on your behalf.
Do want to start making money from serviced accommodation but are unsure which location is going to give you best returns? Today Rob and Paul discuss the best places to invest and ask whether size really matters when you are deciding where to invest your capital.
As you’d expect the agreements that need to be in place for the serviced accommodation investment model are a lot more complicated than with other types of buy-to-let. Today Rob and Paul discuss tenants, tenant profiles, tenancy agreements and contracts that Residential Estates use with their investors and landlords.