The Best Time To Be Property Investing In 2024
Manage episode 401790803 series 3504934
In Today's podcast, Mark discusses when it will be the best time to buy property.
It's important to have separate saving pots for maintenance and voids. These pots don't need loads of money but should be enough to cover you in case of any unforeseen circumstances.
One common mistake landlords make is not investing money back into their properties. To build long-term tenants who will respect the property like their own, you need to maintain and invest money in it.
Renting out properties not only provides monthly rent but also capital growth for the property.
It's important to research taxes. Owning properties in LTD companies gives more benefits, so be sure to learn about tax.
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