Landlords – winning in the long run
Are you a landlord? Are you thinking of letting your property out for the first, starting or expanding a Buy-to-Let portfolio as a means of investment? Being a landlord is a well-known way to either add to your income or indeed, become your sole income stream.
Living trends are pointing in a positive direction for Landlords in the UK with demand for rental properties on the increase. Once seen as a fall-back plan, renting a property is now a lifestyle choice for many as witnessed more commonly in neighbouring European countries and elsewhere in the world.
Brexit, the coronavirus pandemic and pressure on landlords through a continued rise in lettings compliance and legislation – the last few years have certainly kept landlords and letting agents on our toes.
Initial concern, due to uncertainty, was felt across the board for sellers, buyers, landlords and tenants as the Covid pandemic caused an overnight lockdown in March 2020. After a rocky start, the property market was not quiet for long, quickly becoming very active with both residential sales and lettings thriving. Indeed, many agents up and down the country have experienced unprecedented and record breaking activity over the last year.
This was due to several factors including the help of government schemes such as a lengthy stamp duty holiday, the return of higher percentage mortgage deals and the idea that people wanted to move either to gain more living space, be closer to family or outdoor areas.
The continuation of normality has confirmed to many landlords that letting property is still a solid option. Rental yields are on the rise, statistics from the latest Government’s Index of Private Housing Rental Prices report for April 2021 indicate UK rental prices have increased by 10.3% since January 2015.
This gradual and steady improvement over the years has resulted in landlords seeing an increasing return on their investment, ensuring property remains a predictable form of investment. To add to that, the Index of Private Housing Rental Prices confirmed that the West Midlands represented the third strongest area for annual rental growth in England with a reported 2.2% increase in the 12 months to April 2021.
Another great reason for being a landlord in Worcestershire is the amount and variety of tenants, or residents as we prefer to say. We have found homes for families, couples, young professionals, retirees and more, no matter what kind of property you have or are looking to rent out, we’ll find the most suitable resident.
We provide three great options for landlords and can tailor them to meet your needs. From rent collection and tenant-find to fully managed solutions, we’ll recommend the best solution to meet your situation and goals.
Moreover, the Nicol & Co lettings team is easily contactable. We’ve got branches across our county in Droitwich Spa, Worcester and Malvern and our in-house maintenance teams are on the ground locally to quickly respond to any issues arising.
The lettings team at Nicol & Co is headed up by Sarah Jenkins who brings a wealth of expertise to the team and the company. Having years of experience in dealing with landlords and lettings of all kinds, there is no question Sarah has not heard before, or is unable to answer.
Not only does Sarah’s experience in lettings shine through, but her property industry and life experiences aid in her outstanding customer service for our clients.
“We understand that asking the right questions is imperative in order to provide the right advice for our landlords, our skilled and trained staff are totally on the ball with that.
Every situation is unique and we want our landlords to get maximum returns from their investment. Providing clients with an insight into ways in which we can make that happen is one of the benefits of working with our experienced and knowledgeable team at Nicol & Co.”
To demonstrate this, we’ve created a helpful and valuable guide for landlords, available to download – free of charge.
‘How landlords win in the long run’ explores how landlords can maximise their investment to win in the long run. Our tips and insights come from valuable experience and unique approach at Nicol & Co which has proven to exceed our landlord’s expectations time and time again.
Whether you’re embarking on your first let as a landlord or have a portfolio of properties already, our Guide will help you get the most out of it.
Download our guide here.