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When Should a Landlord Start Looking for a Property Management Company?

We frequently get asked by Landlords about when & why they should seriously consider bringing a property management company on board.

The goals of the landlord is really the driving factor to this decision. If you don’t mind the phone calls and the daily operations then you may save money by self-managing, but if you don’t feel that this is for you then you should start searching for an experienced property management company immediately.

Here’s why:

We get many calls from landlords that have had enough of the day to day operations of their investment properties and they are considering seeking out a quality property management company. We speak with them about the type of properties they have and what exactly they want in a property management company before we offer our services. Below are several attributes that property investors seek in a property management company:

What are the implications of being an overseas landlord? 

 

All owners of property in the UK are required to pay tax on any rental income they receive, unless the income after allowable expenses is less than the individual’s personal allowances. However, special rules apply to the UK rental income of nonresident landlords or landlords who live abroad usually for more than six months. 

 

These rules are outlined in the Non-Resident Landlord Scheme (NRL), which operates for rental income paid on or after 6th April 1996. 

 

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