With the demand for rental accommodation remaining high, property investment is still a smart decision when you do it right. It isnít easy though, which is why you need to call on an innovative estate agent, in fact, this is why you should call on Innovate Estate Agents.
We help you learn which tenants are best for your home, we show you where the best homes are and weíll break down rental yields work for buy to lets and commercial properties. There are great deals and strong returns available in the West Midlands, but you need to know what to look for, and what works for you. Once you have worked out your budget and have an idea of what sort of return you want to receive, reviewing expected rental yields is the key step in determining the most effective investment property or location.
To work out your annual return or yield, list the rental income you expect to earn, how much you pay to buy the property and costs associated with maintaining or improving your property. Use these figures in the following formula:
Rental income / (cost of property + cost of maintaining property) x 100 = Expected Rental Yield
The landscape has changed for landlords in recent years with many more tax and regulatory changes to contend with. However, at Innovate Estate Agents, our skilled team will talk you through everything you need to know and we even offer property management services if you require additional help
- We work with investors of all levels, from beginners to those with vast experience
- Many of our opportunities are not on the market, available only to exclusive clients
- We offer pre-let properties with sitting tenants or vacant possession, with full refurbishment project management
- Contact us to let us know exactly what you are looking for and we will strive to assist you