One challenge that every landlord faces is how to assess their portfolio cashflow.
Cashflow is the heartbeat of any business and this single piece of analysis tells you how well your property business is performing.
Only last week I was reading an article on the BBC website where they said property owners were preferring to reduce debt rather than having savings.
Figures from the Bank of England showed that in the last three months of 2010, the UK paid £7bn off its mortgage debt, the highest sum since records began in the early seventies.
I outlined ‘debt reduction’ as an important strategy for landlords last year. I said the worst thing a landlord could do in the low interest rate climate was to see the increased cashflow as a source of spending more extravagantly!
If you are content with your portfolio size then it makes sense to reduce the debt on your portfolio. This is particularly the case if:
- You can’t find any alternative high-return investments
- You want to reduce your debt amount so you can sleep soundly at night!
Personally I have focused on debt reduction as well as investing into other areas outside of property. Having said that I am still looking at ‘property deals’ and had two offers rejected last month.
Interest rates are widely expected to start increasing so managing your cashflow like a hawk is going to become more and more important. If you don’t then you may end up ‘unexpectedly’ falling into negative cashflow as the interest rate increases start to bite.
How are you managing your property cashflow and do you have a process/system in place for monitoring it? Thousands of landlords are benefitting from our ‘Cashflow Analysis’ report in Landlords Property Manager.
It shows your cashflow now and projected cashflow going forward so you are fully ware of the state of your portfolio.
Here is a short, 38 second demonstration on exactly what it shows!
Follow this link> http://bit.ly/flVysn
Want to Get Better Organised and Boost Cashflow?
Streamline your property business so you can do more in 2011.
Copy This link http://www.propertyportfoliosoftware.co.uk/ to see the new benefits and time saving features of Landlords Property Manager Version 8.
Our friends at Glide Student, glide.co.uk know what makes students tick. In
the best tradition of successful student businesses, Glide was set up by
James Villarreal who was a student himself at the time.
With more and young people not expecting to get themselves onto the
property ladder until their 30s, it looks like more millennials are heading
down the route of renting, with many set to continue in the renting sphere
for many years.
A recent study by Accommodation for Students has revealed that two thirds
of students have more than one form of income, meaning that thousands of
students around the country are now working jobs on top of their degree
just to support themselves.
The annual AFS Student Lifestyle Survey explores key characteristics of
students’ life at university including course satisfaction, finances,
social life and eating habits. In 2018, the survey also included questions
about equal opportunities, diversity an
The first step to developing a good relationship with your student tenant
is understanding what they are looking for from the accommodation. For a
number of years, Glide have surveyed landlords and students and used these
results to enhance our understanding
Since 2013, AFS have regularly conducted the Landlord and Agent Letting
Survey trying to achieve a complete picture of how landlords and letting
agents view the student. accommodation market. In early 2018 we conducted a
further survey among our registered