As an international landlord owning property in the UK, it’s crucial to calculate all your expenses and what you can reasonably expect to get in rental profit.
There are a few important things that you need to budget for in order to profit from your buy to let investment.
Below are the most important to consider as a checklist:
All of these costs need to be factored into the rent you are asking for to maximize your investment. Planning for unexpected costs is part of successful budgeting. Always keep a detailed account of all your expenses.
To make things easier as an international landlord, a good property manager will give you the advice and guidance you need and track all your expenses.
Rental properties can be financially rewarding, but you need to know all the tricks of the trade.