Landlords Grab Chance To Increase Portfolios
Property Wire reported on how the changing market state has made several investors and property owners in shackles. On the other hand, landlords are now strategically placed to get the most out of lettings and sales. This is the perfect time for landlords to actually evaluate and assess their performances to renew their listings and portfolios, while making those who have established viable buy-to-let investments to draw the advantages of the current high yields and low interest rates. While such may give some unavoidable scepticism at first, landlords may actually use such a situation to reconstitute their portfolios and listings better. Caroline Kavanagh, Townends group lettings director, says that transacting and selling property to other investors can be the quickest way to achieve this.
Other schemes that may have hauled investors into this are the proven yield system and the possibility of earning money right off the bat from the start. Additionally, with a no void period, the landlord may still be capable of earning rent costs until the property is sold, giving him an added benefit. Kavanagh thinks that landlords also do this to be able to realign certain properties into other classifications, thereby allowing them to place into certain, albeit different, portfolios. However, she contradicts the statement that it is not often on offloading to another investor, as landlords often look for the least saleable in the current property market where they can realign and readjust their portfolios with the current market trends. It seems that this trend places landlords and investors with sufficient funding at the forefront of the present market situation. Selling one own home to these has just been easier.