As I am sure you are aware, one the best things about my job as an agent is helping Hounslow landlords with their strategic portfolio management.
Gone are the days of making money by buying any old Hounslow property to rent out or sell on. Nowadays, property investment is both an art and science. The art is your gut reaction to a property, but with the power of the internet and the way the Hounslow property market has gone in the last 11 years…..
It’s now been a good 18/24 months since annual rental price inflation in Hounslow peaked at 4.3%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Hounslow rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend?
The mind-set and tactics you employ to buy your first Hounslow buy to let property needs to be different to the tactics and methodology of buying a home for yourself to live in.
I received a very interesting call the other day from a Hounslow resident. He declared he was a Hounslow homeowner, retired and mortgage free.
He stated how unaffordable Hounslow’s rising property prices were and that he worried how the younger generation of Hounslow could ever afford to buy? He went on to ask if it was right for landlords to make money on the inability of others to buy property and if, by buying a buy to let property, Hounslow landlords are denying the younger generation the ability to in fact buy their own home.
Rents in the private rental sector in Hounslow will increase sharply during the next five years. Even though the council house waiting list has decreased, the number of new council and housing association properties being built is at a 70 year low. The government crusade against buy-to-let landlords….
I predicted that the rate of rental inflation (i.e. how much rents are rising by) had eased over the last year. At the same time I felt that in some parts of the UK rents had actually dropped for the first time in over eight years. Recent research backs up this prediction.
Being a Landlord is a business and every business in whichever sector needs contacts they can call upon on in an instant.
Well here’s at least 8 contacts you definitely need
Landlords worse nightmare is by having a nightmare tenant. But also bare in mind a tenants worse nightmare […]