As we welcome the New Year, it’s a great time for landlords to enhance their property investments. Setting clear goals is key to success, whether it’s making properties more valuable, improving yields or expanding your portfolio. Here’s a simple overview on how to achieve these goals: 

Define Your Objectives: 

Start by deciding what you want – whether it is adding value to your existing properties, improving net yields from your properties, or indeed making further acquisitions, having clear goals helps plan for the year against which you can measure your success. 

Increasing Property Asset Value: 

Increase value by making carefully considered renovations, improving facilities, or improving environmental performance by employing energy-efficient ideas.  

Portfolio Expansion: 

With the recent shake up in the lending market thanks to interest rate increases, along with tax changes combining with other operational costs, many landlords have been selling up. While the masses run in one direction, that savvy will smell opportunity and will be rewarded for keeping a careful eye on their investment areas.   

Collaborate with ROOMS® and Enhance Your Net Yields 

Working with ROOMS® brings many benefits when compared to self managing or using an agent, but the biggest benefits are enhanced net yields coupled with a reduction in the time Landlords spend on work relating to their properties.  

The overall package brings certainty and confidence for Landlords which has real value as the country enters challenging economic conditions where tenant defaults on rent are on the rise.  

As we start the New Year, landlords have a chance to make their property investments even better. Set clear goals, work with experienced operators like ROOMS®, and enjoy the journey. Stay in the know, and 2024 could be the year your property investments reach new heights!