Renting out a property can be a great way to make money – but it can be an expensive business if you get it wrong. Here are our top 10 money saving tips that will help landlords boost their rental profits.
Mortgage payments will likely be landlords’ biggest expense, so it’s vital that you’re getting a good deal. We recommend regularly shopping around. There are more record-low mortgages rates available now than ever before, so fixing a low rate now could pay dividends when rates do rise. If you’re a Portico customer (or a potential customer) you’re… Read more
Finding a reliable tradesmen in London for less than £200 is pretty much impossible – trust us, we’ve tried! That’s why we took matters into our own hands and set up our own in-house handyman team. All our handymen are qualified, punctual and reliable – and you can book their services for as little as… Read more
If you’re a landlord, you’re required by law to have an annual gas test, and it’s best practice to have all electrical appliances PAT tested. This will set you back around £160 for both separate tests. At Portico, our in-house gas engineers are actually trained in PAT testing too, so we can offer a combined annual test for… Read more
Are you getting the most out of allowable tax deductions? Many landlords don’t take advantage of the allowances available to them, purely because they’re not aware of the rules regarding tax on rental income. Every penny claimed as an expense reduces profits which means a lower tax bill. So it’s advisable to save all your receipts and… Read more
Condensation and damp are extremely common issues in rental properties, especially during the colder months. Unfortunately most tenants will ignore the early signs, and the issue will escalate into a mould problem. We advise all landlords to highlight potential problems when a tenant moves in, and also on regular inspection visits if they manage the… Read more
If you don’t live near your rental property and choose not to instruct a letting agent, you’re relying on your tenants to notify you each time there’s a maintenance issue. While this may be fine most of the time, if your tenants aren’t very diligent, you may discover a string of maintenance problems right at the end of… Read more
It’s extremely easy to overspend on furnishings, especially if your rental property was once your own home. That’s why we decided to commission a survey, to find out the best way to decorate a rental property to maximise the return on investment. We asked 1,000 people (each of whom were looking to rent,… Read more