Khalil: What does it cost to be a landlord?

The bottom line

Landlords in the South East are being hit hardest by the rising costs of being a landlord, according to recent research carried out by a specialist landlord finance provider.

This is unlikely to be news to local landlords – who have watched costs rise dramatically in recent years.

So, what does it cost to be a landlord these days? And, more importantly, how can you guarantee yourself the rent you need to cover these costs?

Landlord costs
According to the research, London landlords face the highest costs in the UK, but these are more than offset by the higher rents they command.

The average cost for a landlord in London, excluding any mortgage and tax, but including void periods, is £6,535 a year. This represents 32% of their rental income.

Taking the UK as a whole the average cost is £3,632 each year, significantly lower than London’s but representing 34% of landlords’ rental income.

We’ve got things the worst in the South East. Our costs are £3,691 each year, but this equates to 37% of our rental income.

Rising costs
Landlords are faced with rising tax burdens following stamp duty changes introduced last year and mortgage tax relief changes which came into effect in April.

Property prices themselves in Brighton continue to rise, and the number of legislative and regulatory hoops that local landlords are asked to jump through are on the increase.

It looks like things are set to cost landlords more, rather than less, in the near future.

Guaranteed rent
It is those void periods, though, that can really tip the scales and eat into landlords’ profits. This is why the idea of guaranteed rent is like the holy grail for landlords.

And guaranteed rent is actually far from being a myth. It does indeed exist.

Khalil’s Rent Guarantee Scheme offers you void-free letting and hassle-free renting.

We pay you rent every month, taking care of your property and its tenants. You simply sit back and watch the rent roll in.

At the end of our agreement we return the property to you in the same condition that we received it in.

And you’ll have enjoyed guaranteed rent throughout.

And that should tip those cost calculations very much in your favour.

Phone: 01273 573960
Mobile: 07984 015669
Email: ahmed@khalilproperties.co.uk
Address: 124 Lewes Road, Brighton, BN2 3LG
www.khalilproperties.co.uk