Welcome to “Landlords’ Barometer #4” – a round-up of trending landlord topics and issues.
All landlords are on their own journey … after ten years of observing this, and enjoying our own landlord progress, we’ve reached the conclusion that this journey is fairly linear and that landlords generally share the same concerns and worries.
Property Tribes has over 11,000 topics and over 115,000 comments documenting landlord concerns – over 12,500 of them being mine!
It’s this “long tail” of contribution that has created the opportunity for me to speak on the topic of the social web at many events and also be asked for commentary on landlord issues by such publications such as the Guardian and Telegraph.
It highlights how your contributions to the social web could help you become an industry commentator which will raise the profile and credibility of your business. Just search #journorequest on twitter to see the type of commentators journalists are looking for!
Next week, I am delighted to be speaking at the NALS Conference in London. My presentation is entitled “Managing your on-line reputation” and will seek to help agents understand how the measure of the success of your business is how many people talk about you when you are not around!
If your business is not being discussed on the social web, then you should not be giving a sigh of relief. You should be seriously worried.
I cannot stress how important it is to take time away from your inbox (and social media) to meet people face to face and have new inputs to help you learn and grow as an individual.
Investing in yourself and your professional development is one of the best investments you can make!
We have featured the NALS Conference on Property Tribes and, coincidentally, three of our members are speaking there … myself, John Paul of CastleDene, and Steve Bolton of Platinum Property Partners.
1. Top speakers at the NALS Conference – including three Property Tribes members!
Click on the link to find out how you could enter our draw to win 2 x tickets to the NALS Conference on November 13 – a prize worth £120 plus VAT per ticket!
When investing in property, landlords have to make a choice between “capital growth” and “yield” as they rarely occur together.
This discussion explains why and the pros and cons of each option.
Understanding these issues can help you better serve your landlord customer and “speak their language”.
3. New laws dictate that landlords only let to legal immigrants
Increasing regulation is becoming more onerous for landlords. As a lettings agent, you must be fully aware of all this new legislation and can demonstrate your understanding of it to gain new instructions. The west midlands is the first area to implement this new legislation. Are you up to speed on it?
Bonus:
Have you considered the additional services you could offer your landlords to help make their life easier and develop another revenue stream for your business? Win/win!
Landlords must submit their self-assessment tax returns on-line by January 31, 2015.
Rental Income Tax Advisors, partners of Property Tribes and the Residential Landlords Association, are able to give lettings agents a “white label” tax service for landlords.
i.e. Oak Tree Lettings tax service powered by RITA.
If you would be interested to find out more about this, drop a line to Michael.Wright@rita4rent.co.uk
RITA website
Thank you for reading the Landlords’ Barometer and I will leave you with another of my favourite quotes:
“An organisation’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage” ~ Jack Welch
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