It’s hard not to laugh at the current governmental interference when it comes to landlords and our properties. First they hit us with the Renters’ Rights Bill, an aggressive swipe that could see thousands of landlords destroyed, down and out, then this: Keir Starmer's latest appeal to landlords to house Channel migrants. As the saying goes: don’t bite the hand that feeds you.
Whilst landlords have spent years being branded as public enemy number one, the fact of the matter is, most landlords are indeed incredibly responsible, extremely fair, passionate about property and very much essential to the British public.
With house prices increasingly unaffordable, and wages failing to reflect the rise in cost of living, coupled with a more general housing crisis, it’s fair to say that landlords provide a roof over the head of many a Briton unable to afford to buy their own property, saving to buy, or simply not wanting to buy. Landlords bridge a gap that would otherwise see the country on the brink of a homelessness crisis. Some might even say that they are in fact, whilst being business-savvy, the unexpected heroes of the current economy. Now whether we as landlords should be is another matter, but the fact is, we are.
So with the barrage of legislation that’s set to hit us, and many landlords struggling with rising costs and a reduction in profitability of their portfolios, how can we make sure we stay afloat?
Previously we might have thought: well let’s hang on in there and hope for the best. But clever landlords know that things have to change for us to survive and thrive.
It’s because of this that every day, experienced landlords are contacting us at Landlord Sales Agency to liquidate parts of their portfolios, many of which have become increasingly difficult to sell on the open market. This month we were getting numbers as high as 50 to 60 landlords per week calling in to sell and this is starting to gain speed. At first glance selling might look like these landlords are part of the mass exodus from the sector, but this is in fact an extremely savvy strategy to multiply their assets.
Put it this way: the market is high right now, but landlords like you and I are still struggling. You may even have been tempted to think “it’s time to throw the towel in.” Stop right there. Because there’s a solution, and you’re going to want to hear it.
You see, by offloading lower-performing properties before legislation such as the Renters’ Rights Bill landlords are not only cutting their losses but setting themselves up for future gains. In fact, selling now might even grow your property portfolios come the second half of this year. Why? Because a mass panic sell by landlords post-July is predicted to cause prices for tenanted properties to plumet. This means that capital generated from sales now can be reinvested after the Renters’ Rights Bill is passed, when thousands of houses are expected to be on the market at below value prices.
It's the ultimate loophole, and landlords are already jumping on it: sell when the market is high, buy twice as much back when the market is low. No need to bow down to Starmer's plea.
Recently, we sold a flat in Warrington with a tenant in situ in under two weeks for £115,000, far higher than the £90,000 to £100,000 traditional auctions or Estate Agents would have achieved. This isn’t just about offloading properties, it’s about maximizing your profits and putting you in a stronger position to reinvest when the time is right.
So why us? At Landlord Sales Agency we’ve got access to a formula one style team of property experts who know exactly how to manage landlord portfolios. They also know how to sell fast, and for the best possible prices. We have over 30,000 private buyers in our database waiting to buy, plus access to property buying funds and the top performing local agents. We’ve got an entire machine that’s geared up to helping landlords sell right now, so they can get ready to buy back when the market is flooded with bargains.
With or without tenants, no matter what condition, we can sell your properties. We’re also able to sell flats – notoriously impossible to sell in the current market – for landlords who are willing to accept a slightly lower offer. In a market that’s higher now than it likely will be in 6 months, the loss is evened out as negligible anyway. And it’s certainly worth it: all of our properties sell in an average of just 28 days. Zero hassle, every aspect managed by us, including talking to your current tenants, and in some cases rehousing them for you.
So there it is. The solution you’ve been looking for to combat the tirade against landlords. It’s time to put an end to our decline, and start getting the wheels well and truly back on the wagon.
If you’re ready, we’re ready. Get in touch today and let’s get you back in the game.
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