As the year draws to a close, it’s the perfect time for landlords to review key issues impacting their properties and investments. ✔️ Are you charging the right rent? It’s a good time to review and adjust if possible ✔️ Make sure you are aware of any new rules that could affect you ✔️ Look ahead and budget for any repairs or upgrades your property might need ✔️ Organise your records and think about deductions to make tax time easier ✔️ Touch base with tenants and plan for upcoming vacancies ✔️ See what’s happening in your area to stay competitive next year 📞 Need more insight? Give our advice line a call on 0131 564 0100
Scottish Association of Landlords’ Post
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STOP spreading incorrect news. Everybody works for pay or salary for their duties they perform Nobody works for Free. Buyers will pay, and the sellers will pay. #Professional brokers give full #service, finding a new #home or #business or #commercial n land. #Expertise on topics of finances n negotiating plus knowledge of inspections and appraisals and planning and engineering and zoning info n more. Marketing n Advertising. This is not HGTV. #Realestate is a major #investment. How about spreading that news of what we do? Shame On the #news!
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When it comes to offering rates for services, you have to think long term. The industry in digital media is incredibly small, and I promise your reputation is worth more than the money you save making bad offers to folks you're trying to hire. This isn't just about offers being low, but also being equitable and fair. Some projects have smaller budgets than others but how you choose to spend it matters. Assume everyone knows everyone, and *will* discuss your rates and offers. Discuss your rates and offers with others in your field! Transparency is only feared by those who have shameful practices to hide. Sincerely, someone who will speak to their male counterpart and know what you're paying *them* when you make me an offer.
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The GRM is a ratio that calculates the expected monthly rent (pre-expenses) relative to the purchase price of the property to determine how long it will take to pay for the property. Properties with a lower gross rent multiplier are the better investment because they can pay for themselves quicker. The ratio does not account for vacancies, turnovers, expenses, interest rates, etc. – Basically, it’s an approximate calculation that will help the investor determine an investment strategy before purchasing the property. Gross Rent Multiplier = Property Purchase Price / Gross Rental Income Visit our website at https://lnkd.in/gYaknszd today!
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A few weeks ago we gave you five tips for first time tenants, and this week, we’ve got five more! 1. Online profiles - Create application profiles on platforms like TenantOptions, 2Apply, and Snug to streamline your rental applications and increase your visibility to landlords. 2. Attending inspections - Dress appropriately, arrive early, and introduce yourself to the property manager when you get there. It always pays to say hello! 3. Application process - If unable to submit an application beforehand, do so immediately after the inspection and inform the property manager that you’re doing so. Complete rent history thoroughly and provide three pay slips or, if self-employed, your last tax return and a letter from your accountant. 4. References - Contact references promptly and request a swift response to the property manager if possible. 5. Approval timeline - Expect approval within 2-3 days of applying. Fingers crossed!! 🤞🏻 Ensure all parties are ready to sign the lease and pay all necessary fees on the day of approval. If you ever have any questions, please don’t hesitate to ask. Our friendly team is always here to help - just give us a call! https://lnkd.in/g5hCq4ZQ
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The GRM is a ratio that calculates the expected monthly rent (pre-expenses) relative to the purchase price of the property to determine how long it will take to pay for the property. Properties with a lower gross rent multiplier are the better investment because they can pay for themselves quicker. The ratio does not account for vacancies, turnovers, expenses, interest rates, etc. – Basically, it’s an approximate calculation that will help the investor determine an investment strategy before purchasing the property. Gross Rent Multiplier = Property Purchase Price / Gross Rental Income Visit our website at https://lnkd.in/gyXFU3bz today!
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The GRM is a ratio that calculates the expected monthly rent (pre-expenses) relative to the purchase price of the property to determine how long it will take to pay for the property. Properties with a lower gross rent multiplier are the better investment because they can pay for themselves quicker. The ratio does not account for vacancies, turnovers, expenses, interest rates, etc. – Basically, it’s an approximate calculation that will help the investor determine an investment strategy before purchasing the property. Gross Rent Multiplier = Property Purchase Price / Gross Rental Income Visit our website at https://lnkd.in/gTiMSCCB today!
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The GRM is a ratio that calculates the expected monthly rent (pre-expenses) relative to the purchase price of the property to determine how long it will take to pay for the property. Properties with a lower gross rent multiplier are the better investment because they can pay for themselves quicker. The ratio does not account for vacancies, turnovers, expenses, interest rates, etc. – Basically, it’s an approximate calculation that will help the investor determine an investment strategy before purchasing the property. Gross Rent Multiplier = Property Purchase Price / Gross Rental Income Visit our website at https://bravo.realpm.ca/ today!
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The GRM is a ratio that calculates the expected monthly rent (pre-expenses) relative to the purchase price of the property to determine how long it will take to pay for the property. Properties with a lower gross rent multiplier are the better investment because they can pay for themselves quicker. The ratio does not account for vacancies, turnovers, expenses, interest rates, etc. – Basically, it’s an approximate calculation that will help the investor determine an investment strategy before purchasing the property. Gross Rent Multiplier = Property Purchase Price / Gross Rental Income Visit our website at https://haven.realpm.ca/ today!
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The GRM is a ratio that calculates the expected monthly rent (pre-expenses) relative to the purchase price of the property to determine how long it will take to pay for the property. Properties with a lower gross rent multiplier are the better investment because they can pay for themselves quicker. The ratio does not account for vacancies, turnovers, expenses, interest rates, etc. – Basically, it’s an approximate calculation that will help the investor determine an investment strategy before purchasing the property. Gross Rent Multiplier = Property Purchase Price / Gross Rental Income Visit our website at https://service.realpm.ca/ today!
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Important update for Landlords! 🚨 A Labour government may overhaul stamp duty, possibly increasing costs for property purchases. Key points for landlords: - Higher Acquisition Costs: 📈 Prepare for potential increases in stamp duty, impacting your cash flow and profitability. - Market Dynamics: 📊 Changes could affect property values and rental prices, influencing investment strategies. - Stay Informed: 🧠 Monitor policy proposals and seek professional advice to navigate these potential changes. Get in touch today and receive expert advice! 🌐 https://lnkd.in/eiE6FSdb
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