Owner Adam Kingswood is pleased to end the year strongly, following the news of his company’s appointment to manage two large property portfolios which has enabled Kingswood to double the number of rental properties on its books in just one year.
Whilst growth in the private rental sector (PRS) may be slowing because of tax and regulatory changes, buy-to-let remains a £31.4 trillion industry and research from Kent Reliance, the lender, suggests that it is the larger scale landlords who are improving supply.
Nottingham’s buoyant property rental market continues to provide attractive opportunities for buy to let investment landlords and Adam Kingswood, director of Kingswood Residential is seeing a rise on the number of landlords with portfolios of 20 plus properties.
The East Midlands is one of the areas which is surpassing London as a place for savvy investors offering annual yield of 5.4% and annual returns of 11.9%, along with strong tenant demand and lower initial transaction costs.
Responding to the demand from larger scale investors, Adam is pleased to capitalise of his vast experience and knowledge of property lettings and has recently acquired the management of another two large property portfolios.
Adam comments, “Typically for our portfolio clients appreciate a bespoke service which is specifically tailored to their requirements. £0 We work to ensure that all properties achieve a good rental yield, that void periods are kept to a minimum and that capital values are protected through efficient property management and maintenance. We find that our portfolio clients want a hands-off approach and delegate every aspect of management to us.”
Kingswood’s latest portfolio client with 23 apartments in Woodthorpe, Mapperley and Nottingham city centre is typical in this respect. The firm has been appointed to handle the whole letting and ongoing management process which includes renewal of safety certificates, annual insurance policy handling of repairs, maintenance of communal areas. It also leads the initial of transfer between management companies by liaising with previous agent to obtain all information and documents required and notifying all tenants to ensure of a smooth transfer.
We are planning for further growth in 2018 and plans to recruit new members of staff at our Regent Street office in Nottingham to cope with increased demand. £0