There are two options for renting out a property: short-term rentals and long-term rentals. Although long-term rentals provide stability, short-term rentals may be a more lucrative option. The high-interest economy has affected property owners as it has pushed them to consider switching to long-term rentals due to the need for a stable income. This blog will discuss how you can have a profitable short-term rental in a high-interest market without switching to a long-term rental.
Ladybird Living – Your London Estate Agent
Month: August 2023
Property advertising: new guidance 2023
New guidance for property listing terms has been introduced by the National Tradings Standards Estate & Letting Agency in August 2023.
Fair Wear and Tear – examples and solving disputes
Fair wear and tear is when items or areas of a property deteriorate over time due to daily usage. This will occur even when tenants try to keep the property in good condition.
Reclaiming VAT on Property Development
Before entering a property development project, you should be aware of the VAT rules. Depending on whether the property is a new build, conversion or commercial property, there will be different tax positions and differences between selling or leasing properties. You should seek professional property advice to achieve the returns you are aiming for.
Moving house? Here is what you should do
Redirect your mail and calls
You can use the Royal Mail’s redirection service to redirect your mail and calls to your new address. The cost of this service starts from £36 for three months.
What happens after you receive a property offer letter?
Once you have found the perfect home and received an offer letter, there are a few things you must do:
Agents believe landlords will face more pressures throughout 2023
A poll conducted by Goodlord demonstrated that 70% of letting agents (from 100 letting agents who took part) reported that they believe pressures among property owners will continue to rise throughout 2023.