16:39 PM, 27th September 2023, About A year ago
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It might not be the news you want to hear, but it’s the news you should hear. If you’re a landlord who’s built up a portfolio of buy-to-lets over the last 15 years, you’re probably in a tricky situation. You’ve got two options – stick it out, or sell the properties, cash in and get out.
For several months we’ve been watching the market, watching the interest rates, and clinging on to our portfolios, desperately trying to raise rents to make the figures work. But at some point, many of us have had to down tools and say: this simply isn’t sustainable. Either I’m going to burn through cash trying to refurb to meet the regulation standards, fork out the legal costs to evict tenants who can’t afford higher rents (and we don’t want to have to raise them), or I’m going to have to take the decision to sell.
With Section 24 Tax, increased mortgage interest rates and the impending Renters Reform Bill coming in, an increase in rents seems on paper to be the best route, but for myself as a private landlord for the last 20 years, with 150 houses, it just isn’t enough. It’s time to sell.
It’s a decision I’m sure many of you are coming to by now, and it’s understandable. I don’t have to convince you, because the facts are: it’s affecting us all. It’s why I ended up carrying out a business review of my own portfolio and have already sold 25 properties in the last 18 months through our portfolio exit specialists at Landlord Sales Agency.
Added to that, I’ve got 15 more properties lined up undergoing quick refurbs that I plan to sell by the end of the year.
Over the last two years I’ve brought together a team of leading property experts who know exactly how to sell portfolio properties, fast, and to overcome the current market to get the best price possible. With a mixture of marketing to both investors and first-time buyers to drive up the prices we’re the best team out there, providing a solution for all Landlords, no matter what the challenges are for each property. And it isn’t just my portfolio we’ve sold successfully. We’re getting over 250 enquiries per month to sell landlord properties, and we’ve keeping our promise every single time.
One landlord approached us with a portfolio of 5 tenanted properties that spanned from Staffordshire all the way up to Newcastle Upon Tyne. Like many of us he wanted to sell up his portfolio fast, but get a great price. We promised him exactly that. Between marketing his properties to our private database of over 30,000 buyers and tenant-friendly video tours, we went all out to keep that promise.
The only task the landlord did throughout the sale was to make the decision to contact us to sell. We handled everything else.
We sold the whole portfolio for £500,000 in 26 days with zero hassle, worry or stress. The landlord was able to sit back and enjoy just over 3 weeks of relaxation knowing he had the best team in the UK solving every single challenge for him.
On top of this all our buyers are chain free and pay 2% (min £2500) deposits, ensuring that buyers, regardless of whether they’re first time buyers or investors, are financially committed to the sale from the start and are able to complete quickly.
There’s no question that selling now is the best way of cashing in and moving on from the last 15 years of collecting rents, and you only have to read our reviews to see that at Landlord Sales Agency, we’re a company who absolutely delivers what we say every single time.
So if you’re a Landlord who is considering selling your property portfolio, get in touch today and see for yourself what we can do for you.
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