Great Property Management Companies

Choosing the best manager for your property can promote your real estate investment or even break it. You find managers in all parts of the market and it is important to tell the good apart from the bad.

Messaging and branding

The outbound branding and messaging that the company uses is an important factor that can be used to determine what they are really like. To be able to understand them and their mode of operation. Then you need to ask questions.

Documentation

The first thing that you should get to know is whether the company is licensed and recognized by the right body. You need to ensure that you get to know what kind of properties they manage and then get references. You should never move on with the deal if the company does not want or is not able to give you the necessary documentation. When you see the documentation, then you can comfortably say that their operations are legitimate.

You should also get to know the following things about the company:

How they set and collect rent
How maintenance and repairs are handled?
If property inspections are done
Retention and marketing of tenants
How the tenant and owner funds are handled?
How they do tenant screening.

The other things that you should talk to them about include:

Their management fees
The management contract

The above should be done to about three companies that you may have shortlisted before you can hire them. You should remain vigilant and don’t settle for the first company that you come across regardless of how good they seem to be. There is really no harm in talking to other companies. Talking to others confirms that the initial preference was the best and you may even have some more questions. Young never know, the next company could actually be better than the first one.

If you do not take time to talk to others, then you will have nothing to compare with. It is important to have an idea about how other companies operate to be certain that you are indeed making the right decision. There are many databases that you can use to locate management companies near you.

You need to appreciate the fact that finding a manager for an investment that you made is a very important and big decision. You should do a thorough research before you settle for just anyone. There are many qualities that you should consider when you are picking a great organization.

You should try getting referrals from various sources. This is one of the best ways because you will know the experiences of other people first hand before choosing. You may get some amazing tips about the whole choosing process. Since referrals can sometimes be biased, you should get them from all corners. If you receive same referral about a certain company, it could very well be true after all, regardless of whether it is a good opinion or a bad one.

Why You Should Consider Living In A Tent

Recently I found myself wondering and talking about some of the quirky and brilliant ways people from around the world use tents. Consequently I pondered about the possibility that some people have contemplated or even opted for living in a tent permanently. Inspired by this idea, I dug a bit further into this topic of permanent tented accommodation.

What would living in a tent full time entail? Some individuals might be unnerved by this idea, while others might be thrilled and excited to take on the challenge and some may have no alternative. Whatever the reason or justification – there are 5 indisputable and great benefits of moving from your modern home to kicking it in a tent.

1. The cost effectiveness is clear

Finding the right location to pitch your tent will definitely decrease your monthly cost of rent, electricity and the like. The idea of saving on your expenses in this matter might seem slightly extreme, but compare it to running a modern household and you may just change your mind. Naturally, you might be concerned about cold winters, no internet and not having warm showers, but there are ways to avoid that. You could invest in a proper tent and enough winter provisions, sign-up at a gym that has shower amenities and use the free internet offered by libraries, coffee-shops and even shopping malls.

2. It will be an invigorating challenge and a noteworthy experience

Having a luxury, purpose-designed, tent will definitely make the experience more comfortable and less effortful, but it will still be a demanding challenge to live in a tent full time. There is, however, a multitude of people who find pleasure, excitement and gratification from such difficult tasks and many people thrive in it! Facing and conquering a challenge like this will without a doubt be tremendously rewarding and enriching. It will not only emancipate you and boost your self-respect and dignity, but it will also offer you a sense of accomplishment being able to live and take care of yourself like our ancestors, before modernism.

3. It will significantly reduce your Eco Footprint

We are all becoming increasingly aware of the importance of reducing and the impact of our Eco Footprint. This starts with being more conscious of leaving less of a negative ecological footprint on Earth and ensuring it is as small as possible. Comparing the running a modern household to living in a tent – it is clear that a tent leaves an immensely small Eco Footprint. If you are already concerned about Earth’s future and reducing the impact you have on Mother Nature – you are most likely thoroughly ready and able to live in a tent permanently.

4. It will allow you to experience forest bathing

Although the thought of submerging yourself in the open waters hidden within forests is enchanting – forest bathing actually refers to spending time amongst trees and is an established way of increasing you happiness and health. Japanese studies have uncovered that the phytoncides released by plants aid in regulating your body, improve the immune system and increases air intake – which leads to happiness and increased health.

5. It offers you a less complicated way of life

Modern life is often characterised by a constant rush and a milieu of complication. Life in a tent forces you to pay attention to the things that are truly important. Tent-living is a way of life that is simpler and more focused on what really matters, as well as a shift in true perspective. Due to few people having experienced a genuine simple life – living in a tent will very much be life changing and meaningful moment.

While researching this article I happened upon an astonishing variety of, what is coined as, glamping tents. Some companies put a double bed and a carpet inside and call it glamping and then others deliver tent structures with flooring, proper windows and doors, bathroom amenities and beautifully decorated interiors.

Everything All Landlords Must Know to Convert Buy-To-Let Properties Into A Cash Cow

The buy2let Shop reviews investment in residential properties as one of the best sources of regular income. Many people prefer investing in UK’s buy-to-let property market instead of risking their money by investing in share market.

This move generally pays-off for buyers as they get some amount of money/income on monthly basis. But the amount of money you get is limited and very small. Therefore, the chances are that you may not like this fact. In such a situation, you would like to find a new way of turning your buy-to-let property for sale in London into a money-making machine.

In addition to this, being a buyer, you will also need to know about the following points in detail:
• The best practices for landlords/investors to use their income to beat new buy-to-let rules
• How landlords can avoid implications of “Hidden Mansion Tax” likely to affect the buy-to-let investors.
• The process of converting buy-to-let properties for sale into a holiday stay for tourists for a short-term.
• The possible consequences of the “Hidden Mansion Tax” and converting buy-to-let property into a holiday let for short-term.

Honestly, it will not be easy to talk about all of these four points in just one article. This is why we have decided to launch a series of articles to help you turn your buy-to-let residential property into a cash cow.

Let’s begin with the discussion on the first point below:

The Best Practices for Landlords/investors to Use Their Income to Beat New Buy-to-let Rules?

Now, The Bank of England has introduced strict rules on buy-to-let borrowing. Property investment agents in London are of the view that these rules are to help landlords owning multiple properties. These new rules on the buy-to-let borrowing will help such landlords make use of their salary, investment income, and income in the form of pension for taking out a mortgage for buying investment properties in London.

The whole credit goes to the Bank of England’s PRA (Prudential Regulation Authority). Landlords owning at least four or more buy-to-let properties will now have to abide by these new rules. This process initiated by the bank of England is known as Affordability Testing.
• Property investment agents in London strongly advise landlords. Lenders or lending institutions to see the way this Affordability Testing actually works.
• Private lenders and lending institutions will now have to take a closer look at the affordability level of investors applying for mortgage. Additionally, it will also be mandatory for them to assess interest cover ratios in full detail.
• Some banks have initiated the use of a system called “top Slicing”. It is a good news for landlords who are ready for buying high value investment properties in London, offering low yield. It is a good way for investors to use EPI (External Personal Income) for making up for any shortfall.

Now here arise some very important questions:
• Are top slicing deals available everywhere in England/UK?
• Which Lenders are making use of Top Slicing while carrying out their affordability calculations?
• How private lenders or other lending institutes reacted to the changes introduced in PRA?
• What will be the buy-to-let criteria for landlords?
• Is the choice for landlords going to reduce?
• Which are the lenders not accepting applications from portfolio lenders?

Our next article in this series will be focused on answering all these important questions. In case you do not want to wait till the next article for seeking answers to these questions, give us a phone call right now! Our experienced property investment agents in London have accurate answers to all of these questions to perfection.

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