Everything Aspiring Landlords Need to Know

Firstly, why is property a good investment?

Property is widely considered one of the strongest forms of investment. While it does not offer the fast growth which can be found with cryptocurrency or stocks, it is a far more secure form of investment. This is because it is a tangible asset and with a growing population, the demand will always be there. On average, property prices have grown by £95,000 in the last decade, showing significant capital growth. Additionally, rental income can help the investor profit while the original investment is made.

Should my BTL be furnished or unfurnished?

OnTheMarket reported that landlords could gain up to 20% more rental income if their property is furnished. This is because it saves the tenants considerable money. Furniture must be durable, comfortable, and stylish, as landlords look to reduce potentially high-cost replacements and repairs. However, despite lower rents unfurnished apartments can offer landlords peace of mind, as they are not liable for any repairs or replacements.

Should You Use a Property Management Agency?

Should You Use Property Management Services?

For landlords looking for a hands-off experience, property management services can offer them just that. Inexperienced landlords can often make costly mistakes which reduce their return on investment. Therefore, often they will secure the services of a lettings management agency. This comes at a small cost, usually a small percentage of the monthly rental income. However, this can save the landlords a lot of time and money in the long term. Additionally, any maintenance or repairs will be arranged by the management company. The agency will normally negotiate the best fee on behalf of the landlord.

How CityRise Can Help

CityRise is a property investment agency that aims to help investors find opportunities to achieve their goals. Once an investment is found, the investor will be guided through the journey step by step. This is a hassle-free process and with years of industry expertise, the investor is in safe hands. Once the deal reaches completion, CityRise can also provide high-quality lettings management. Then, if the landlord looks to resell their unit, CityRise will handle the sale of the property securing a profitable return. Find out more, here.