The Benefits Of Becoming A Landlord

May 4, 2021 | Blog

Have you been contemplating whether or not becoming a Landlord is right for you?  

Estate Agent in Bournemouth, Saxe Coburg have put together some of the top perks you can gain from owning a buy-to-let property. As ever, if you need bespoke advice or guidance on your property investments, our team are on-hand to help.

Extra Income
Rental income is by far one of the greatest benefits of owning a buy-to-let property. The first stage of growing your portfolio is to explore the market for any homes suited for this purpose, which can be bought and quickly updated to give yourself a greater yield and returns.

Tax Deductions
Another huge benefit of owning a rental property is the tax benefits. There are a number of major tax reductions that are available to landlords, including: mortgage interest, depreciation and potential property costs, such as repairs, insurance and much more.

Flexibility
Much like owning your own business, with opportunities to grow and expand, being a landlord allows you to have your own flexibility. Many landlords find themselves buying and renting out more than one property when they have successfully let a home, ultimately ending up with a sizeable portfolio.

Would you like more information on becoming a landlord and what it could mean for you? Contact a member of our team on 01202 303066 or email info@saxecoburg.co.uk.

We would love to discuss your options further. We have a range of different lettings services that we offer to make the process as smooth and simple as possible, for more information click here.