PROPERTY PROMO
From Richmond Chic to a Mountain Peak
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elinda explains that asking Buy To Let Hunter to manage her flat in Richmond as a short term serviced accommodation makes sense whilst she is abroad. “I wanted to keep my flat, to maintain a toe hold in London, but it was a purely commercial decision to sweat my assets whilst I choose to live somewhere else.” She explains that she didn’t think too much about traditional pensions during her working life; instead, she mostly invested in properties and by default she now relies on that rental income in her retirement. Melinda explained her reasons for choosing BTLH: “The onset of Covid caused a dearth of options in the lettings market. The world has changed in rental terms.” Melinda spoke to the agents who used to handle her property and found their model no longer really fit for purpose. “I needed shorter lets so I can come and go from time to time.“ The BTLH model is flexible and more cost effective for her needs: “The old agents were proposing a 25% charge on any rental income and then a range of expenses that add up to £500-£600 for every letting!” They were billing her for inventory and administrative costs in addition to the fees she was already paying. “It’s one thing if you are having lets for a year or more, but it really didn’t make sense for the shorter term serviced accommodation model that I needed”, she explained.
Melinda was also unsure about the outsourced due diligence when the agents took references for her tenants – “BTLH have a much more personal and less algorithmic approach!” she laughed – ah yes, I smiled, the advantage of having a very small office! “My experience of BTLH has been very good!” she explained from Switzerland where she was locked down up a mountain. I can trust you to make the right decisions and it helps finance my lifestyle whilst retaining flexibility.” Fancy a bit of a nomad retirement with a bit of extra security like Melinda? n Can BTLH help you find the perfect property? Get in touch and have a chat: 020 7550 9396 or hello@buytolethunter.com. For more information check out buytolethunter.com Quadrant Road, Richmond, London, TW9 1DH
Buy To Let team - Alex, Lucy and Adrian read more at darlingmagazine.co.uk summer 2021
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