Property investment firm Sourced has launched a subscription service called Enterprise which it claims simplifies portfolio management.

It involves landlords and investors moving away from personal portfolios and instead setting up a SPV limited company, dedicated to the purchase, holding and management of property investments. 

Sourced claims SPVs have huge advantages, including legal protection, compelling tax efficiency strategies, a clear separation of property activities from personal finances, and a tendency to be viewed more favourably by banks and lenders.

A Sourced spokesperson says: “Property can offer incredible short-term and long-term investment opportunities, but it is more important than ever for landlords and investors to ensure their portfolio is managed like a business.

“Property investors can spend up to 120 days a year just on admin! It can be a real headache for investors to spend time and money paying accountants and various companies to manage their portfolio and set up a SPV. 

“The Sourced Enterprise subscription service offers a low-cost method of keeping everything in one place, which will streamline and professionalise portfolio management, ensure legal compliance and save hours of admin time.”

Enterprise’s range of subscription packages includes a free Portfolio Basics version; for around £30 a month, there is a Single Limited Company package, with one free limited company SPV formation, year-end accounting and corporation tax filing. 

There is also a more expensive Holding Company Structure package which includes bespoke tax efficiency strategies.

The spokesperson says: “For those landlords and investors with an existing property SPV the team can also help assess and manage the transfer of current entities into Sourced Enterprise.”