Buy To Let Profits Set To Rise
Research carried out by the Royal Institution of Chartered Surveyors has discovered that, due to the scarcity of mortgage finance available to prospective home buyers in the past year, rents have increased by 4.3%. The Council of Mortgage Lenders also announced last week that buy-to-let lending increased by nearly a fifth last year as a result of strong growth in the rental sector. These are not unrelated figures; the lack of mortgage finance accessible means that more people are turning to renting a property until the economy and the housing market improves. This drives prices up and means that buy-to-let landlords are experiencing steady returns.
Landlords who decide to capitalise on this can often find themselves in charge of multiple properties, without the time to manage them all to a high standard. I Am The Agent is a online estate agent vastly experienced in assisting landlords who own multiple properties. Their property management service forms an essential middle man between landlords and tenants, helping the two to keep in touch and allowing for easy maintenance of all properties.
Working as a no commission estate agent, I Am The Agent’s service includes rent collection on specified days and the in-depth management of any arrears which may occur. Managing many different properties can be a tricky and confusing process, especially if each property is let to multiple tenants on individual contracts, and landlords often do not have the time to be chasing up tenants if their rent payments are overdue. I Am The Agent’s estate agents are experienced in this matter and can help to manage payments efficiently and without fuss.
Any out-of-hours maintenance issues which may arise are taken care of quickly and easily; I Am The Agent have an extensive team of electricians, plumbers, security services and other experts on their books who are available to call on at any hour of the day or night. Each service in the directory is verified for their reliability and high-quality service, and the issues can be resolved without the landlord having to pay a costly call-out fee to hire an emergency handyman.
While the economy continues to droop and the housing market continues to be so volatile, renting is the only viable solution for many. In separate research, PricewaterhouseCoopers (PwC) suggests that those investing in buy-to-let will make capital as well as rental returns in the long term, making the decision to manage several properties and capitalise on the property market uncertainty a wise one, and ensuring that those who choose to delegate the day-to-day management of their properties to a property management service will see a tidy profit.
To find out more about I Am The Agent, visit http://www.iamtheagent.com
Please direct press queries to Rebecca Appleton at Dakota Digital. Email or Tel: 01623 428996.
About: I Am The Agent is an online estate agency with a no commission fee structure. It helps property owners to sell or rent their private properties with a number of service levels, advertising a property online assistance and 24/7 online management suites.