Advice for would-be landlords
November 05, 2012
Log onto our live and interactive WebTV show if you are have fallen in to becoming a landlord, thinking of becoming, or you’re already a landlord for expert advice on how to protect yourself against the pitfalls
Show date: Tuesday 6th November 2012
Show time: 12pm
As the property market continues to stagnate and more and more people struggle to sell their homes, an increasing number of property owners are opting to let their property out instead of putting it on the market. Inheriting a home or moving in with a partner, are also examples of situations where people might find themselves becoming a landlord without putting in the necessary planning needed to become one.
What landlords may not have considered, or be prepared for when heading into the rental property market, are hidden costs including tenant arrears, vacant properties and unexpected maintenance charges which in the UK, total £2.1 billion a year.
As well as money and vacancy issues, the time taken to keep properties in working order and tenants can also be a major headaches, with landlords having to take time off work to resolve rental issues or being called out and all hours of the day and night due to emergencies, not at all uncommon.
Northwood understands the true hidden costs and have the UK’s only Rent Guarantee Scheme for landlords, meaning if you sign with them on a two year contract they guarantee the rent with no hidden costs or charges for the full two years.
But if you are thinking of becoming a landlord is there anything you can do to protect yourself against the pitfalls? Log onto our live and interactive webTV show where Emma Lunn, Finance Expert and Nick Cooper, Managing Director, Northwood will be on hand to answer your questions and tell you how you can protect yourself.
Emma Lunn and Nick Cooper join us live online on Tuesday 6th November at 12pm