Tate Tips - Potential Estimated saving - 20% loss of rental profit
Great news for Landlords - Rents are staying high... However when reviewing your current Tenant's rent do not ask for too much as this can lead to vacant periods. Each week your flat is empty will cost you approx. 20% of your annual profit (assuming a 75% mortgage at 3.5%). So work out the market rent and ask for 95% of this. If your Tenant does not agree to this then it is worth marketing the property at the full market rate
Contact :
T: 020 7622 6914
F: 020 7627 8554
F: 020 7627 8554
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