It always surprises me how people think that if their cashflow is not stacking up then the first thing they need to do is to look to increase rents. Normally when this approach is blindly taken it leads to more harm being done as the property then takes even longer to let.

You cannot just increase the rent if your property cash flow doesn’t stack up. You need to look closely at what YOUR property market is doing. By this I mean you need to assess properly how the property you are letting is bearing up in the current market in your area. For example, if you are letting out an apartment and the market is saturated in your local area then you would be crazy to increase the rents for this property.
  Continue reading →

It still amazes me when I find that landlords are not prepared to drop the rent on a property in order to try and let it quickly. Sometimes we are just too concerned in making sure that the ‘numbers stack up’ that we fail to see how much we could lose in the short-term and that we could be playing ‘catch-up’ for a while.
Continue reading →

A business owner knows that as the world changes around them, they need to adapt. All too often, good, solid businesses are forced to shut operations because they were unable to adapt to changing business situations. The current economic crisis has bought with it a whole host of new dimensions to the world of property investment.  

For a landlord, these changes can be viewed as problems. On the other hand, they can also be viewed as opportunities…

Continue reading →