Being a landlord takes more than just finding a tenant and collecting the rent. The right lettings strategy can deliver returns far beyond your expectations. What’s more, the right approach can also minimise issues, allowing you to enjoy your free time without worrying about your rental investment.
1. Choose an agent you know will deliver
Opt for an award winning agent who will guarantee to market your property to its full potential. Awards show that an agent has been recognised, not only by industry experts, but by its customers and can give you peace of mind that other landlords have been pleased with the service they have received.
Choosing an agent who will market your property on the UK’s biggest property portals will also go a long way to ensuring you get plenty of tenants interested in your property.
2. Recognise the importance of tenants
As a landlord, the calibre of your tenants is of utmost importance. Unpaid rent or a constant turnover of tenants can become a headache. Ensure that the agent you choose will thoroughly research all potential tenants to ensure that the chances of any significant tenant issues are minimised.
3. Do your research
Landlords should keep abreast of all the latest information regarding trends, legislations and market analysis. Landlords who let their property through Countrywide have access to the UK’s Largest Lettings index every month and can download our FREE Tax and Strategy Guide which provides in-depth valuable information that all new landlords need to know.
4.Know your obligations
As a landlord it is vital to understand your legal responsibilities, both to tenants, in terms of property safety and fair treatment, and to the government with regards to your tax liability.
5.Have a growth strategy
Expanding your property portfolio may be daunting but, with the right agency on your side, the success you enjoy from one buy to let investment has the potential for considerable expansion.
Countrywide boasts an award winning network of letting agents who will ensure that their client’s properties will be marketed on 97% of the UK’s most popular property websites. This combined with the network’s high street presence helped to contribute to Countrywide registering a staggering 480,000 applicants last year alone. Our letting agents work hand in hand with our sales and auction agents to ensure that we can help you achieve all of your property acquisition objectives. This, combined with our access to buy to let mortgage finance and surveying and conveyancing services, makes us the agent of choice for any serious landlord.