How to Turn Your Property to a Regular Income Source

Syndicate Investments

A syndicate is a cluster of people who own property mutually while paying a property management company (Ex: Assured Properties) to manage it and deal with the tenants and maintenance. Syndicates generally operate multiple properties, and are usually able to negotiate discounts on property purchase by buying in bulk (for example, purchasing a whole block of flats rather than one unit). This helps you to get involved in the property market at a lower initial cost and reduces the risk factor.

Property Funds

These are associations that sell, buy and manage property, in which you can invest. You don't have to bother about the daily business proceedings, which is usually taken care according to pre-agreed terms. You can join a property fund through an independent financial adviser. Funds are regulated by the FSA.

Property Renovation for Profits

This is a practical path for people who are well versed about the market with the right skills and the perfect contacts to improve/develop a property quickly and sell it. This is the ideal option when you are sure that the property prices are not going to rise, Example: recession. These kinds of investors are proficient in renovating semi-ruined or derelict properties and bring them back into the market.

Property Trading

For people who know their job and are ready to invest their time & expertise to look for properties that are low-valued or semi- derelict, possibly they can make minor changes or alterations, such as getting a planning permission for an extension, once the value is added, it is possible to trade on at a profit.

Buying 'off-plan' property

The buyer purchases unbuilt property from a developer, hoping to sell it on at a profit after it is completed. The investment is highly risky in a static/falling property market.

How to sell your property quickly

Research the local market - Check your property value.

Select a solicitor - Be ready and prepare your paperwork.

Choose a genuine property purchasing company to sell your home efficiently.

Prepare your home - De-Clutter & Create Space

Market the property - Issue particulars & advertise.

Agree a price - Decide the best price you are willing & make a deal.

Conveyancing - Make it legal and agree what is included. Be clear about the paperwork & the legal aspects.

Exchange contracts - Finalise the sale & complete contracts.

Choosing the right property management service usually ensures a guaranteed sale.

Reference: Neil_Parmer

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