How Landlords in Wembley Can Increase Their Profits Ethically

In this two-minute read, we look at five fundamental ways landlords in Wembley can make their rental properties more profitable.

How Landlords in Wembley Can Increase Their Profits Ethically
Some people think the only way landlords can make more profit is to ruthlessly keep hiking up their tenants’ rent.

But that’s incorrect on two fronts. Firstly, continually increasing a tenant’s rent is no strategy to keep them long term. Secondly, the five ways we’re about to share with you can increase your bottom line without being mercenary.

1)    Review your mortgage rates – regularly: Start by lowering your biggest regular cost – your buy-to-let mortgage. It’s possible to secure a new mortgage six months before the end of your current fixed term. So, if any of your properties are coming up for renewal in spring 2022, start researching the mortgage market now.
2)    Look into going limited – Tax changes affecting landlords in recent years have meant many are putting their rental properties through a limited company. There are several tax advantages but it’s usually landlords with medium to large portfolios who benefit from this approach. A good accountant can advise you on whether this strategy would work for you.
3)    Keep good tenants – Another good reason not to hike up rent every time a rental agreement is up for review is that it can end up with good tenants moving on. A tenant who pays on time, looks after your property, and is respectful to others is valuable to a responsible landlord. A four-letter word that leaves landlords chewing their nails is …void. A void period where your property is empty eats into your profits like nothing else – long-term tenants help you avoid this and any other set-up costs.
4)    Let it go – Some landlords take the DIY approach to lettings and want to do everything themselves. And while this may work for some, others find all the legislation, tenant liaison, and dealing with issues time-consuming and costly. A good letting agent will take care of all that for you, allowing you to get on with your life and have time to look at other investment opportunities – which leads us onto the fifth point.
5)    Grow your portfolio – A competitive buy-to-let mortgage market and soaring rental demand creates more opportunities to grow a portfolio and in turn, increase profits across more properties.

We’re here to help landlords in Wembley gain a better return on their rental investments. To find out how we do that, contact us today.
 

Get in touch with us

First Name*
Last Name*
Your Email Address*
Mobile Phone*
Are you looking to*
Please enter message here*
Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)*

Register for Property Alerts

Ever missed out on the perfect property just because you heard about it too late, or the Estate Agent never told you about it as it was slightly outside of your criteria? Never miss out again by using our “Heads Up Property Alerts”.

Latest Properties

Charming 3 Bedroom House with Spacious Interiors and Off Street Parking in Wembley

Guide Price

£650,000

3 Beds1 Bath2 Receptions
The Dene Wembley Middlesex HA9 7QT

3 Bedroom Semi Detached House

Off Street Parking for 2 Cars

Large Through Lounge

Spacious 2 Bedroom Flat with Off Street Parking in Wembley - Perfect for Families or Investors

Guide Price

£380,000

2 Beds1 Bath1 Reception
Scarle Road, Wembley, Greater London, HA0 4SR

Off street parking - highly sort after this close to Ealing Road

Electrics checked in 2021 - valid until 2026

Good condition throughout - full refurb in 2016

2 bedroom apartment boasting a private roof terrace with stunning panoramic views on Popes

Guide Price

£590,000

2 Beds2 Baths1 Reception
Abelard Place Popes Lane South Ealing London W5 4BZ

Striking and Contemporary 2 Bedroom Apartment on Popes Lane in South Ealing

Built in 2015 in a striking small luxury mixed development of 3 houses and 2 apartments

Private roof terrace with motorised roof access providing 360 degree views of West London

Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

Meet All The Team

So You’ve Had an Offer Accepted, What Now?

Congratulations – you’ve had an offer on your future new home accepted. But don’t rush out to buy curtains just yet. Here’s some important information about what happens next.

The Psychology of Successful Tenancies

How can you encourage tenants to settle long-term in your rental? A report compiled by consumer psychologists claims to have the answers.

January 2025 Property Market Update

Let's look at what's happening in the property market at the end of January 2025. And ask, is now a good time to buy or sell?