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Posts Tagged: Landlord Tips

Landlord Tips

There is an awful lot to think about if you are embarking into property investment with a view to letting out the property so we hope that the following tips for landlords will prove informative whether you are either considering such a venture or have already entered the lettings marketplace. Rental Potential There is absolutely no point in purchasing a property to rent out unless it is going to provide you with a good return on your investment. In this respect, you should seriously consider seeking the advice of a number of specialist letting agents to get their opinion on both its suitability as a rental property and the level of rental income it might command in what is a very competitive marketplace. References Unless the prospective tenant is well known to you, ensure that references are obtained. Tenancy Agreements Even if you were going to let the property to your best friend or a relative you should make sure that a formal tenancy agreement is drawn up between all parties. We have heard of a number of instances of this not being done and problems occurring as a result. It is just not worth the risk. Landlord Insurance Whilst…

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