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Unprepared Buy-To-Let Landlords Spend More Money Because They Fail To Plan Ahead

Unprepared Buy-To-Let Landlords Spend More Money Because They Fail To Plan Ahead

Unprepared Landlords Spend More Money Because They Fail To Plan Ahead

UK private rented sector landlords and property investors need to factor in repair costs into calculations and annual budgets in order to have a better understanding of the profit they are actually making from their investment property.

Rental properties will suffer wear and tear on fixtures and fittings over time, however many property investors who hold property and become landlords fail to adequately allow for rental property repairs or budgeting for essential maintenance costs when calculating the potential yield that they can get from an investment property.

Property investors and landlords should make use of the best landlord insurance deals they can find and plan for expensive repairs in advance, where possible, holding back enough funds to pay for unexpected repairs in a rental property.

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