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10 expert property investment tips for landlords

10 expert property investment tips for landlords

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10 expert property

investment tips for

landlords

“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