Is there anything trickier than a rent review with a tenant you want to keep? It’s little wonder so many landlords leave things as they are, no matter how far behind the market their income falls.
Eventually, though, an underperforming property can cause the landlord to sell up, resulting in a tenant losing their home and less available housing.
As a practised estate and letting agent based in Fife, I like to monitor the Fife property market, compare it to the UK property market, and then share it with Fife homeowners and landlords.
Behavioural finance combines elements of psychology and economics to understand how cognitive biases and emotional factors influence financial decision-making.
Investors should ideally make rational decisions solely based on maximising their wealth, but behavioural finance recognises that human behaviour can deviate from this rationality.
Even though it can add thousands to your selling price and give you more space to enjoy, decluttering can feel like a mountain to climb.
As well as the dilemma of where to start, it’s easy to lose momentum when you’re halfway through the process and your home looks worse than before you began.
There are 28.4m households in Britain, of which 17,693,200 are owned, worth a total of £5,127,807,837,600 (£5.1 trillion). When you add all the private rented homes and council houses, that figure reaches just over £8.5 trillion!
Mastering Focus in Wealth Creation is an essential skill of maintaining focus on the path to financial success.
This is crucial in the pursuit of wealth creation. Imagine building a house without a solid foundation
In a world filled with distractions, staying focused on wealth creation strategies can be challenging.
Would you like to be equipped with the tools and techniques to conquer this hurdle?
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss.
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2024.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
When opportunity knocks, it’s not always clear whether to say yes or no, particularly when it’s unexpected or means changing your plans.
Selling to your tenant could be one of those times, and even if you’re planning to be a landlord for life, it doesn’t mean you’ll never change your management style or the properties you own.