Managing Your Cash Flow
If you are considering property for your next investment, be cautious
3 min read
23 May 2019
Investing in property is very different now to how it was when I started out. Buy-to-let does not pose the same opportunity as it once did, with rental yields increasingly falling flat. Increased tax bills and changes to stamp duty on the purchase of second homes have also deterred some people from becoming landlords in recent years.
There is still money to be made in the buy-to-let sector. Yes, there have been short-term market wobbles recently, but this shouldn’t deter you from the long-term gains you could potentially make. If you are patient, you can ride out the losses and earn profits again when times are better.
Managing property portfolios
It was actually when I was running my own portfolio that my partners and I came up with the idea for Arthur Online. I found myself really occupied in managing my portfolio, I knew there had to be an easier way to manage properties, the options available at the time didn’t cut it for me, so I decided to create a solution.
I think it was important to have knowledge of the industry prior to setting up the business. I knew exactly what the sector was missing and how I could create something to fulfil a need.
Upscaling the landlord experience through tech
My partners and I created Arthur Online to make our lives easier, but now it’s great to know that we’re making other people’s lives easier too! The software truly is revolutionary; without it, I wouldn’t be able to run my portfolio on my own, at the same time as running Arthur Online.
Unlike most industries, the property industry has been one of the more resistant to adopting technology – landlords love their spreadsheets!
We wanted to create PropTech which made waves, offering a service which was never offered in our field and I think we have been able to achieve this through a truly integrated system for property management.
The rise of PropTech
The next five years will certainly be an exciting time as we continue to see accelerated adoption of PropTech, with the UK leading the way. I believe PropTech will play an important role in keeping landlords compliant.
Landlords are under major scrutiny at the moment, with more and more legislation being passed to tackle rogue landlords and make the private rented sector (PRS) more tenant-friendly.
Adopting PropTech is the first step for landlords to ensure they are offering more transparent and consistent levels of service. This will help landlords to maintain tenant expectations.
The Property sector will always be about people, but new technologies will make operations easier
At its heart, property management is a people business. Property managers are tasked with keeping tenants, owners and contractors happy and one way that PropTech is making management easier is by bringing all these groups together.