In a word, yes! Buy-to-let investments are subject to their own specific taxation rules. An accountant can advise you on everything from the tax reliefs available to landlords, working out the tax credit on your loan interest to the accounting records you need to keep.

What tax do you pay as a landlord?

As a landlord, you must normally pay income tax on any profit you receive from any rental properties you own. Put simply, your profit is the sum left once you’ve added together your rental income and deducted any expenses or allowances.

How do you keep track of rent?

You can create your own spreadsheet with a program such as Excel to keep track of your expenses (such as insurance) and income (from rent and other sources). Use one spreadsheet per rental and then total them all at the end of the year.

What should be included in a welcome book for a rental house?

This is also the perfect place to include instructions for using amenities like WiFi, television, DVD player, barbecue, swimming pool etc., as well as layout house rules regarding things like smoking, breakages, waste, and water information.

What do you need to know about renting a home?

Information for people looking for somewhere to rent: what questions to ask and information on your rights.

What makes a rental property a ” rock ” property?

1. First Contact with Seller 2. Quick Property Evaluation 3. Running the Numbers 4. Deal or No Deal? 5. Offer and Acceptance 6. Due Diligence 7. Closing Process One of the primary objectives of my real estate business is to acquire income-producing rental properties that ROCK. What makes a rental property “rock” you might ask?

What makes a rental property a good investment?

To put it simply, a great rental property is one that makes every one of my investment dollars work hard. I want every penny to work overtime, producing as much revenue as possible while simultaneously paying off any debt associated with the property.