The document provides 10 tips for landlords regarding property investment: 1) Budget for times when no rent is received, 2) Consider upcoming government legislation, 3) Higher-yielding properties are in the lower housing market but rents and yields decrease with increased prices, 4) Invest in areas with regeneration, employment or transport improvements, 5) Excellent customer service and tenant management is critical to retain long-term tenants, 6) Calculate costs and yields before viewing properties, 7) Consider renovations like extra bedrooms or bathrooms if costs are outweighed by higher rents, 8) Tenants expect parking near their home, 9) Stand out or buy on a smaller development to avoid competition, and 10) Aim to earn rental income that is
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. “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. “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. “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. “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. “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. “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
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. “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. “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