Have you felt the first chills of winterโฆ Thereโs a feel of winter in the air and I suppose the big question weโre all...
Have you felt the first chills of winterโฆ
Thereโs a feel of winter in the air and I suppose the big question weโre all asking ourselves is โ have you put the central heating on yet? Iโm not allowed to!!
Itโs certainly going to be a testing winter for both landlords and tenants.
Landlords are particularly under the cosh with the interest rate rises weโve seen so far this year. Itโs going to be a difficult autumn but as we speak inflation in the US has just been released which shows inflation starting to roll over and coming in lower than expected. If this is the case weโll see interest rate expectations start to lower across the world and hopefully, weโre near the peak in the UK as well โ so fingers crossed!
Once we see inflation begin to decline, its peak was expected to be in October, we hopefully should see the narrative turn from inflation to supporting the economy. Itโs impossible for the Bank of England to talk about anything else at the moment, but with a declining inflation rate, we should see interest rate cuts starting to come back on the agenda sometime next year.
The main costs we incur as landlords are interest and maintenance costs. With winter arriving youโll find all sorts of new issues due to a change in the weather. Winds will cause problems with your fences and the rain will find ways to get in โ through a broken tile, missing guttering or pointing.
So thatโs why when youโre called out to a maintenance issue itโs best to have a good look around, to make sure your property is watertight and you donโt suffer significant damage due to rainwater getting in.
You can save thousands on a property by just fixing a bit of guttering or a broken tile.
Chris our senior property manager was called out to a property for a maintenance issue and see what solutions he providedโฆ
Remember itโs our job to GENERATE YOU LONG-TERM WEALTH FROM PROPERTY!
For any sales, lettings or refurb help:
- Contact us today by phone or email to move your property to us.
- Weโll contact your letting agent to ensure a seamless tenant transfer, including the deposit, keys and all paperwork.
- Weโll contact your tenant to resolve any rent, maintenance or refurbishment issues you have, arranging a property visit if required.
- Weโll begin the process of maximising your income and wealth.
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