Are you a landlord looking to grow your portfolio?

Landlords are growing their portfolios...

Recent reports by the Association of Residential Letting agents (ARLA) indicate a surge in the number of properties snapped up by landlords in the past year. ‘Good news!’ we cry at Legal 4 Landlords.

With demand still far outstripping supply, it makes sense to invest in property at the moment. Rents are going up and forecasts suggest they will continue doing so, making now a perfect time to buy. Landlords are more empowered than ever.

Over the past twelve months demand for our landlord services has soared, as new landlords enter the market and existing ones expand their portfolios. Our tenant checks service is a fast growing area of our business.

Although the resurgence of the buy to let market is sweeping across the UK, profile sizes vary greatly. The size of landlord portfolios varies depending on whether you are a landlord as a sideline to your day-to-day job or you buy to let properties on a full-time basis. Portfolio size is also related to geographical location. ARLA figures revealed professional landlords in the North West have an average of 13 properties on their portfolio in comparison with their southern counterparts in London and the South East where the average is less than half of this.

Ian Potter, operations manager at ARLA believes some areas are better suited to renting than others.
He said:”Some towns across the UK are suitable for rental investment as they have a high number of students, while others – such as the recently unveiled Local Enterprise Zones – are areas being targeted for future growth.”

If you are a landlord looking to expand your profile, now might be a good time to review how you manage your properties. Don’t struggle with multiple renewal dates and unnecessary administration when we could manage your entire portfolio from landlord’s insurance for your entire portfolio to tenant checks and rent guarantees. Call us on 0844 567 4001 regarding growing your portfolio.