Landlords don’t need to be told that their homes need looking after to attract tenants but not so many are aware of why they should have a property maintenance schedule.
Landlord money saving by keeping letting agent costs down to increase margins is an important strategy for property investors who want to increase yields.
If you need a holiday or want to treat yourself to a new car, try thinking about raising the cash out of a buy to let, because this landlord money saving tip bizarrely involves spending as well.
Property investors can put their foot down on the landlord money saving accelerator by making sure they don’t put the brake on claiming travel expenses.
Running a buy to let is the same as running any other business – landlord money saving is about making every penny count and keeping an eye on where they are leaking cash.
Landlords miss out on potentially thousands of pounds of tax relief because they do not understand the rules about claiming pre-letting expenses for repairs before renting out their first buy to let property.