Monday 14 April 2008

Over 50% of landlords optimistic about future

Landlords are confident about property as a long term investment with over 52% planning to add to their property portfolio within the next six months. 

Property management software firm Property Portfolio Software (PPS) has launched its monthly confidence survey among professional landlords (those with two or more properties).

23.8% of customers plan to add to their portfolio within the next year showing a high level of confidence, despite a weak economy and property market.

However, the biggest issue landlords face is getting access to finance according to 63% of customers but 53% are confident the problem will change in the next 12 months.

Property Portfolio Software sells management software to investors who have two or more properties.  The flagship Landlord’s Property & Tax Manager product tracks all property-related income and expenditure across more than 100 currencies, and calculates income tax liabilities.

The majority of those surveyed claim the unique Property Portfolio Software solutions helped them to improve the management of their finances. 

Amer Siddiq is a property investor who founded Property Portfolio Software’s parent company Tax Portal Ltd in 2003.

He said, “It’s encouraging to realise property investors are positive about the future at the moment and therefore benefiting from the unique Property Portfolio software.

“Our software package is the only way to get your finances in check and is guaranteed to make your life as a landlord so much easier eliminating all that paperwork and hundreds of spreadsheets.

“I’m not surprised that lack of organisation was second on the list as one of the biggest issues landlords face today.”

NOTES TO EDITORS

Thursday 10 April 2008

Top tips to help landlords stay organised

A top property investor has supplied a series of tips to help landlords stay organised as they grow their portfolio.

Amer Siddiq founded property management software firm Property Portfolio Software (PPS).

Its software products are specifically designed to handle the issues faced by professional investors.

Amer said there are many other things landlords can do to make their life easier.

His top three tips for landlords are:

• Keep all of your property documents handy and in one place: This will make it much easier for you should you ever need them. Invest in a quality (possibly even fire-proof) container to organise vital documents such as insurance details
• Use a Rental Payment Monitoring System: This is the most convenient rent collection method today. With automatic payments, the rent due is credited directly to your rental account on a given day (subject to the availability of funds in the tenants account.) With the availability of telephone and internet banking, bank transactions are available the following morning for checking, so the task of monitoring rental payments can be done quickly and efficiently.
• Pay bills as they arrive: With each additional property you manage, additional bills can be expected for rates, insurance, repairs and general maintenance. The best policy is to action payment of bills as they arrive, and then the task is done.

Property Portfolio Software’s flagship product Landlord’s Property and Tax Manager tracks all property-related income and expenditure across more than 100 currencies and calculates income tax liabilities.

NOTES TO EDITORS

Thursday 20 March 2008

Don't delay... get your affairs in order before HRMC gets you!

Property management software firm Property Portfolio Software (PPS) is warning landlords to get their tax affairs in order now, before the taxman catches up with them.

It's well known within the property world that Her Majesty's Revenue & Customs (HMRC) is currently cracking down on landlords who don't declare their buy-to-lets on tax returns.

The unique property management software is the only one of its kind available on the market that helps landlords monitor and calculate their tax liability before HMRC catches up with them!

PPS is urging landlords to get sorted sooner rather than later by purchasing the unique software for just £197+VAT– a small price to pay to avoid getting caught!

The Landlords Property and Tax Manager product includes a tax calculation module which allows individuals to keep track of a number of key considerations, including tax calculation based on other income, carrying forward of previous years losses and automatic handling of bad debts.

The software also guarantees no more late payments or expired policies, a comprehensive tenant management system and central management of all property related finances.

Amer Siddiq is a property investor who founded Property Portfolio Software’s parent company Tax Portal Ltd in 2003.

He said: “There has been considerable speculation that HMRC would start a compliance drive against amateur landlords and this attack is now taking effect.

“Our software package is the only way to get your finances in check and is guaranteed to make your life as a landlord so much easier eliminating all that paperwork and hundreds of spreadsheets!

Property Portfolio Software sells management software to investors who have two or more properties.

NOTES TO EDITORS

Tuesday 26 February 2008

Landlords’ biggest issue is rising amount of paperwork

The biggest issue facing property investors with a growing portfolio is the huge amount of paperwork they have to deal with.

Property management software firm Property Portfolio Software has analysed three years’ worth of feedback from its customers.

And it identified a number of trends to work out the top five issues facing landlords.

Investors say the biggest pain is the sheer amount of paperwork that has to be handled, to ensure rents are received and all bills are paid.

Other issues in the top five include keeping track of legal documentation and effectively managing tenants.

Amer Siddiq is a property investor who founded Property Portfolio Software’s parent company Tax Portal Ltd in 2003.

He said: “As a property investor myself I know what a nightmare it can be keeping on top of property management issues while developing your portfolio.

“We’ve been collecting feedback data from our customers for three years. When we analysed the results, we weren’t surprised to see concerns about staying organised taking the top four places in issues facing landlords.”

The top five issues identified by Property Portfolio Software are:

• Increasing paperwork: keeping on top of bills and rental income
• Staying legal: keeping track of safety certificates and legal documents
• Good tenant management: making sure they get the information they need
• Income tax management: knowing what is due when
• Maintaining a positive cashflow: becoming harder with increasing property prices

Property Portfolio Software provides tools to help self managing landlords get better organised when managing multiple properties.

All of the software has been designed by landlords for landlords and saves investors time, money and effort.

The flagship Landlords Property and Tax Manager product tracks all property-related income and expenditure across more than 100 currencies, and calculates rental income tax liabilities.

Amer added: “It was this feedback from customers which inspired us to develop the property and tax management software in the first place.”

NOTES TO EDITORS

11 February 2008

Customers ditch Brand X in favour of UKs leading developer

Property Portfolio Software, the UKs leading property management software developer, has responded to frustration in the market by opening a software trade-in scheme in which users can exchange their existing software for any of Property Portfolio Softwares products... (more)