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At Thomas Morris, we know landlords are interested in the annual rental growth figures. While the demand for rental property has been high of late, it is natural to question whether this will continue.
For all the changes in the past year or so, the demand for rental property is still great. In fact, it is probably getting bigger with each passing month.
It is likely that rental property will need to meet higher standards when it comes to energy efficiency. All landlords understand the importance of the Energy Performance Certificate, the EPC, and how your rental property must be up to standard.
There are many things landlords need to consider when running their business, but if you don’t manage your cash effectively, you leave yourself open to big trouble. Therefore, it is vital you manage your cash flow, and this is something we recognise at Thomas Morris.
If you aren’t looking to move home soon, that is okay. It might be you prefer to focus on the future, and making home upgrades now allow you to enjoy short-term benefits while improving your home for years to come.
While the housing market is tipped to slow down the further we move into 2021, this is still an active time in the housing market. At Thomas Morris, we help many clients make a move, and there are still may households looking to move home soon.
We’ve already looked at some of the ways landlords can manage their cash flow, but as there are so many great ways to improve how you run this part of your business, we are here to offer you more advice and guidance on the matter.
Landlords have many things to consider when letting property, but if you keep tenants happy, you are well on your way to success. At Thomas Morris, we appreciate this is one of the most important things a landlord can do, and we aim to offer landlords support and guidance in this area.
With the stamp duty holiday over, it is likely first-time buyers (FTBs) will come back to prominence in the housing market. With so many existing homeowners engaging the housing market in the past year, the proportion of FTBs buying property was lower.