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1. Carefully compare property prices and rental potential in the area you are looking to invest. We can produce an independent area guide for Bury.
2. Before you buy a property check the letting potential with an independent, lettings specialist i.e. not a letting agency that is part of an estate agency (can have conflicting agendas).
3.Buy properties that are simple and easy to rent all year round.
4. Only use letting agents that are members of the National Letting Approved Scheme (NALS). Our landlord ‘client accounts’ are independently audited annually to ensure your money is safe.
5. Make sure you take out specialist lettings insurance which covers you for building, contents, malicious tenant damage, rent and legal expenses (including repossessions expenses) and arrears. Our comprehensive BELVOIR landlord insurance gives much more cover and generally costs approximately £350 per year (average property).
6. Carefully reference check your tenants. We use a bespoke tenant referencing process to ensure that tenants are comprehensively checked.
7. Ensure your inventory is comprehensive or you may fall foul of a tenancy deposit complaint. We produce photographic and written inventories to ensure we can settle any disputes.
8. Ensure your property is well presented. Simple and neutral in decoration we can advise and arrange any improvements to maximise Letting potential.
9. Keep up with lettings legal changes. At BELVOIR! Bury we have a dedicated legal contact that helps answer any queries, and constant puts us one step ahead of an ever changing market.
10. Take specialist property financial and tax advice. We have links with local and national professionals to help you minimise your tax bill.
Belvoir Lettings will help you select, prepare, advertise, manage, protect and maintain your investment for the life of your property ownership/
For more information about Belvoir Lettings please visit the feature here.
