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10 expert property investment tips for landlords


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Aldermore has collected together ten tips from property experts to help first-time landlords avoid some of the most common mistakes.

Published in: Real Estate
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10 expert property investment tips for landlords

  1. 1. 10 expert property investment tips for landlords
  2. 2. “It is advisable to budget for times when, for one reason and another, no rent is forthcoming.1” Phil Spencer, Presenter of Channel 4 property series ‘Location, Location, Location’
  3. 3. “Consider any legislation that the government is planning to introduce that may help or hinder your property’s attractiveness to potential tenants.2” uSwitch Buy to Let Mortgages Guide
  4. 4. “As a rule, higher-yielding properties are typically at the lower end of the housing market. As rents increase, the number of potential tenants narrows and yields begin to fall away.3” Monika Scott, Letting Director for Savills
  5. 5. “Look out for and buy into areas that are really getting regeneration money, new employment or better transport. Preferably, all three.4” David Lawrensen, Owner of Letting Focus property consultancy
  6. 6. “Customer service and tenant management is critical. Customers cost a lot of money to obtain – and a key part of running a successful property investment business is to retain long term, loyal, paying customers.5” Samantha Collett, Author of Property Investment: The Essential Rules
  7. 7. “The excitement of looking around the property can take over all too quickly. Put pen to paper before you view properties and write down the cost of the house and the likely rental yield.6” Mayweather Estates Buy to Let Investment Guide
  8. 8. “In some cases you may be able to add another bedroom or bathroom which will enable you to achieve a higher rental amount. Research first and be certain that the cost doesn’t outweigh the benefits.7” guide to maximising rental returns
  9. 9. “As much as cycling is growing, people still expect to be able to park next to their home.8” Dan Channer, Managing Director of Finders Keepers Letting Agency
  10. 10. “You might find yourself competing with other buy- to-let landlords if you buy on a big development. Either make your property stand out, or consider buying on a smaller site.9” Zoopla Buy to Let Guide
  11. 11. “To ensure you can start to make a profit you should be looking to make a rental income of at least 125% of your mortgage interest payments and the other costs of renting out a property. 10” Buy to Let Guide
  12. 12. Sources 1. 2. 3. sen 4. 5. lett 6. Estates 7. dlord 8. 9. 10.