2015 has been an interesting year for the property industry, experts claimed the bubble was set to burst but it has steadily deflated without any major repercussions (yet!). Demand outweighs supply significantly when it comes to homes (which the tabloids have enjoyed sensationalising), pushing prices up in both buying and rental markets, which for landlords, this can only be a good thing, right…
Whether you are new to the game or a seasoned professional, the task-list for a landlord in the past year has expanded dramatically and it won’t be getting any easier. More changes are expected to bring challenges and complications in the new year.
The election didn’t make the life of a landlord any easier. The unpredictable outcome slowed the market down prior to the result then once the government was elected bad news arrived as tax relief opportunities were cut whilst the threat of a rise in interest rates continues to be just that bringing more uncertainty.
Working in construction is no longer a glamourous career choice for school leavers which doesn’t help fill demand in a country where the population continues to grow. People need homes. Are you ready to house a list full of applicants? Do you have the time to fill your vacancies? Santa gets it easy these days, he just needs to drop a few Playstations down a chimney to bring happiness.
Were you prepared for the changes in Section 21? Are you ready for the introduction of Right to Rent? Can you keep up with the latest legislations, requirements and guidelines and continue to provide the service that your tenants expect? There’s a lot to take in! Those buy-to-let landlords looking for a simple investment (retirement package) might be having a rethink.
Maintaining properties has become a lot more expensive too. With alterations to the wear and tear allowance being introduced over the coming years it has made budgeting more complicated. Advancements in Prop Tech are here to help but if they aren’t implemented with research they can be a costly and timely distraction.
The role of a landlord is simple, provide your tenants with a home that is in a liveable condition. Unfortunately it isn’t that straight-forward. The day-to-day rituals a landlord has to face can be extensive and there are only so many hours in a day, most of which will be spent at a desk.
How do you do it?
- Time management – a little bit of planning goes a long way
- Productivity – ensure that your time is being put to good use
- Minimise your administrative duties – because nobody likes paperwork
Let’s not get all doom and gloom about it, after all this is the festive season, time to get jolly, eat and drink away our problems. There is a solution that will last longer than the usual ‘must try harder’ New Year’s Resolution.
Landlords who use property management software manage their properties more efficiently, economically and have a better relationship with their tenants.
Streamline your workload with Landlord Manager, the only property management software to integrate seamlessly with Sage and you will be gifted with more benefits than Santa can fit on his sleigh.
What are the incentives?
- Reduce your daily to-do list and administrative duties
- Focus on your properties and tenants, not paperwork
- Have a good relationship with your tenants
- Fill your vacancies quicker
- Improve the way you communicate
- Enjoy a healthier cash flow and the ability to expand your portfolio
Is it worth it?
- The integration between Landlord Manager and Sage is seamless, this means that there is no need to enter financial information in your property management software and accountants package, allowing you to use your time more wisely and save money on accountancy fees too.
- Sage is the number one accountancy software in the UK, over 90% of accountants recognise the format. You will no longer need to worry about preparing your books at the end of your financial new year as the data will be already in a language that your accountant can understand.
- Ensure you are managing your portfolio as economically as possible with the ability to generate in-depth financial reports against each property using real-time data in Sage.
- From finding tenants and creating tenancies to managing and maintaining properties Landlord Manager is on hand throughout the whole process.
- A dedicated database is the ideal place to store information relating to properties, tenants, and suppliers allowing you to work more efficiently.
- The automated functions included minimise the amount of work that takes up your time, giving you the ability to focus on your assets, the properties in your portfolio and the tenants. You didn’t become a landlord to sit at a computer all day!
- Never miss an important meeting or inspection with the office diary which links to MS Outlook.
- The ‘housing crisis’ tells us that there are people wanting a home, you probably have them coming to you. Logging their details in the applicant centre makes it easy to match their requirements up when one of your properties becomes vacant.
- Once a tenancy begins it can be closely monitored throughout its duration in a timeline documenting each communication.
- Advancements in technology can be daunting for those unfamiliar, with more time available you can learn and keep up to date so that you aren’t left behind and if somebody asks you if you want your property management software hosted in the cloud you know what they are talking about…
- Want flexibility? Host Landlord Manager in the cloud and access the software through a web browser and benefit from the features you wouldn’t get in a browser based solution.
The industry is changing and you need to step up.
Let 2016 be your best year yet with Landlord Manager for Sage, the perfect addition for your portfolio.
Visit our website www.landlord-manager.co.uk or call 0114 2307305 for more information or to arrange an online demonstration.
If you have a large portfolios, manage blocks, work with service charge budgets or require more specific tools take a look at our premium product Decorus for Sage www.decorus-pms.com©LandlordZONE® – legal content applies primarily to England and is not a definitive statement of the law, always seek professional advice.