A Property118 consultant, who has worked with landlords for nearly four decades, reports a significant change in the nature of their work. While previously focused on helping landlords build and optimise rental property businesses, the consultant now spends most of their time assisting them in dismantling these businesses and planning for their future.
Over the past two years, approximately 90% of the consultant's time has been dedicated to helping landlords navigate the process of selling properties, protecting their wealth, reducing risks, and preparing legacies for their children. Landlords are increasingly seeking guidance on issues such as Capital Gains Tax, understanding net proceeds after mortgages and costs, and exploring options for replacing rental income in retirement.
The consultant notes that landlords are also interested in examples of how others have reduced responsibilities, organised finances, and transitioned to a life with more freedom, including how much time they now spend with family.