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Landlords – Do your Research and Get Organised Using Property Management Software to Improve your Potential Income

Industry Insight August 4th, 2014
Landlords – Do your Research and Get Organised Using Property Management Software to Improve your Potential Income

Recent research by Platinum Property Partners (PPP) reveals how landlords could be out of pocket due to lack of research and organisation prior to investment.

The results showed that a quarter of buy-to-let investors sought no advice or research before buying. Furthermore, fewer than one in ten sought advice from experienced investors, consulted lawyers/accountants or read a book written by an expert in the field.

Steve Bolton, Founder and Chairman of Platinum Property Partners said, “As with any investment, extensive research and planning for buy-to-let investors is paramount. It is astounding how little thought and preparation many investors are giving before diving in and making such a substantial investment decision. Neglecting to spend a reasonable amount of time and energy to devise a strategy for your buy-to-let investment can prove costly.

“Research and advice is essential to help pinpoint the right type of property and identify the right locations to maximise income and in fact, whether this type of investment is right for you.”

It is worth noting that effective research and organisation could increase your rental yield by around 1%. According to the Office of National Statistics (ONS), the average buy-to-let investor’s portfolio averages £650,000 a year. PPP’s research tells us that investors can achieve an average gross yield of 5.6%.

So, over 15 years with a consistent yield, your investment would be worth £1.63 million. If you increased your yield by 1%, then in the same 15 year period, you would make £80,340 through income and capital growth.

“The fact that increasing one’s yield by a mere 1% can increase the value of an investment by over £80,000 in fifteen years goes to show how far good preparation can go. Taking a lacklustre approach could mean investors miss out hugely in the long run”, Bolton added.

Good preparation can be made effortless using Arthur’s innovative web-based property management software. The software automates actions, saving you time and improving your organisation. It turns endless tasks into effortless clicks, meaning property investors have more time to do essential research.

If you are a property manager, property owner, landlord or letting agent, your business will save time and money by using Arthur. Try out the free Arthur Demo today to see how!

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