make your buy to let property investment (http://www.globalpropertyinvestors.co.uk) effective by utilizing the empty property for certain period of time
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How to utilize empty property - tips to landlord
1. B E N E F I C I A L T I P S F O R L A N D L O R D
How to maintain empty
property and prevent loss
2. What is empty property
The house which remains idle for specified period of
times is assigned to be the empty property
3. Reasons…
There are some reasons which makes a house a empty property
1. place shift
2. renovation
3. legal issue
4. spread of unwanted rumors
4. The property remains
empty after the left out
of one tenant and
arrival of other.
In some cases tenants
are readily available,
but in some cases it is
difficult
Place shift
5. renovation
Renovation is also
cause of empty
property.
Addition of small
place doesn’t harm
tenants but it is
because of the
discomfort they
depart.
6. Legal issue
Some house may undergo
some legal issue.
Landlords will solve it
gradually and tenants are
not going to be the victim
But without realizing the
fact, tenants shifts the
place
7. Unwanted rumors
Seldom, this happens in some places.
People spread the rumors about the house due to
some ill facts which makes the property empty for
long duration.
8. Landlords gains more profit all day when the
property is full but they face the reverse case when
the property is empty.
Then how the empty property is made profitable?
• -check the slides below
9. Repair the defects
The tenants will not leave the
house like how it was given.
The quality will decrease as the
days pass by.
So inspect for the defects and
utilize the time to rectify it.
This increases the value of the
houses, so you can expect high
rents from upcoming tenants
10. Inspect before tenant leave
Have a home inspector with you
to inspect the house thoroughly
for the defects.
Charge the tenants according to
the defect.
You can even charge for
repainting and cleaning, which
saves your money.
11. Cut off the supplies
As soon as the tenants leave, cut off the unwanted
energy supplies like current, heaters, gas etc….
Some supplies like water and current are used in
case of renovating.
12. renovation
Utilize this period to renovate the house.
This renovation will change your house to another
level.
Landlords can gain more profit than expected through
the future tenants.
Thus the profit you gain will compensate with the loss
you acquired with empty property and money you
spent on renovating will be taken back.
13. Temporary rentals
Use the property for temporary rentals.
you may get the opportunity to rent the
house for temporary use like storage place,
sale place this will fetch you with more profit
so accept it and utilize it.
14. These are some of the ways you can avoid loss or
gain profit with the empty property
To know more, visit
http://proinuk.blogspot.in/2015/09/how-to-utilize-
empty-property-useful.html
15. Global property investors is one of the property
investing company in London, came up with many
services like overseas property investment, student
property investment, distress property investment,
buy to let property investments, below market value
property investments.
To know more, visit
http://www.globalpropertyinvestors.co.uk.