10 expert property investment tips for landlords
TRANSCRIPT
“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’
“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
“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
“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
“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
“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 EstatesBuy to Let Investment
Guide
“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”
BuytoLetLandlord.com guide to maximising
rental returns
“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
“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
“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”
Which.co.uk Buy to Let Guide
Sources1. http://bit.ly/PropertyPhilSpencer
2. http://bit.ly/PropertyuSwitch
3. http://bit.ly/PropertyDavidLawrensen
4. http://bit.ly/PropertySavills
5. http://bit.ly/PropertySamanthaCollett
6. http://bit.ly/PropertyMayWeatherEstates
7. http://bit.ly/PropertyBuytoLetLandlord
8. http://bit.ly/PropertyDanChanner
9. http://bit.ly/PropertyZoopla
10.http://bit.ly/PropertyWhich