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Picking up on Vanessa's point about more competitive products and services for landlords - we have been managing a large volume of properties for many years via another company, but we saw the changes coming to the PRS - namely Section 24, the PRA, base rate rises, and increasing legislation - and this prompted us to create a "direct to landlord" offering.Our flat fee property management service can save landlords time and money and help them remain profitable by improving their bottom line.Our service is just £40.00 per property per month inc. VAT and we've just launched our new explainer video to give a quick understanding of our service.In another of our posts, we gave more insights how landlords can reduce costs:Economies of scale in property investment Positive and pro-active are synergistic words as it is easier to feel positive if you are taking action to ensure your business prospers.People tend to feel more negative if they are not actively engaged in finding solutions to problems.As Henry Ford said - "More people spend time and energy going around problems than in trying to solve them".
"Looking after landlords for less"
Just as EA are moving to the flat fee business model the same will need to happen for most LA.
Few LL will be prepared to pay commission based fees.
I could be persuaded to use a flat fee service.
I will NEVER use a commission based one.
Whether rent is £200 or £2000 pm it still costs the same to manage.
Many LL will be forced to give up their LA because of all the recent cost burdens imposed on mortgaged some trader LL.
A flat LA fee might retain LL custom
What I will say about this Blog
Is there has been nearly 1000 views on this topic and only 8 Replies ???
That has to say something alone
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
That`s not unusual
There is a lot of content in there which may redirect the reader
Not sure what point you are trying to make ?
Jonathan Clarke. http://www.buytoletmk.com
I am not sure a lot of Landlords will be as optimistic when they get there tax bill
Lets see what the Budget come up with
I'm very positive about BTL, I love building them, extending them, converting them, renovating them, buying them, selling them and letting them. Whats not to love ?
I have always said BTL is a great Investment
Its so Good The govt is doing all it can to stop it ???
They love Landlords and love the tax we will all pay hand over fist higher than any other investment
``I have always said BTL is a great Investment ``
Poppycock and balderdash DL - you have spent the last year or two saying its anything but now
You keep going on and on about the death of BTL
Pre s24 3% sdlt etc it was a fantastic superb amazing investment
Now its downgraded I agree - Now its just Great - I`m 100% happy and positive with Great
Come on DL, this is basic stuff, we already know about exactly what our tax bills will be going forward, Yes I have factored in reduced corporation tax and being able to claim tax allowance on the Christmas party. I'm still positive.
Jim my Tax Bill on Profits would be at a rate of around 80% If I had not taken action to avoid S24
I don't mind paying a fair tax but 80% is higher then any other sector
I have learned a lot and its cost me a lot to rearrange my business
because I know exactly what my Tax bill would have been
I am far from alone Jim do you think 80% Tax is fair on an income less then 100k a year