7 Tips For Buying Your First Buy-to-let Property

You might have read some blogs, and you are itching to go as a landlord. As you’ll know by now, you need to be careful with your investment, know the law, have a network of tradesmen, find and build a rapport with trustworthy tenants and document your financial activities correctly. It’s no easy task.

If you are considering the pros and cons of buying your first buy to let property, here are 7 of our top tips for doing just that:

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: UK prices to stabilise in run up to Christmas; Housing market ‘set to record its strongest year since 2007’; UK mortgage lending jumps to highest level since June; Nearly half of renters ‘have never insured their home contents’; ‘Generation Rent’ becoming ‘Generation Buy’; Property can help level up the UK… Happy reading and… renting!

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Traits of Successful Landlords

We hope that if you’ve read previous blogs, then you’ll know there’s far more to being a landlord than getting a great mortgage deal, finding a tenant and sitting back to count your cash.

It’s a business like any other but carries significantly more risks than most businesses. If it goes wrong, you stand to be in a difficult situation with possibly several empty properties and being responsible for several mortgages. If you fall foul of regulations, you could find yourself in hot water legally. So there are far more opportunities out there that have less serious consequences.

Successful landlords have several traits which make them effective at running a property portfolio. Even if you are just starting out with your first property, these are things that you can learn and will stand you in great stead for the future.

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Key factors set to drive the property investment market; UK property prices hit all-time high; Will interest rates rise soon? How will it affect my mortgage repayments?; Ten things to consider when choosing a mortgage; Rent debt crisis to worsen; First-time buyers looking for new ways onto property ladder… Happy reading and… renting!

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Taking Care Of Your Rental Property

Your rental property is a long-term investment, so you must take care of it well. It’s a big mistake to leave this job to tenants, as it is not their job. Yes, it’s their job to keep the property clean. And you might have stipulated in the contract that they keep the garden maintained. But aside from that, it’s not their job, and you’ll be lucky to find a tenant that is either a capable or willing handyman.

But how do you take care of your rental property so that your little pot of gold doesn’t turn into a costly nightmare down the line? Here are our top tips to stay on track.

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: What’s next for the build-to-rent (BTR) sector?; House prices to soar 30% by 2031: forecast; Will UK lenders accept bitcoin for mortgage payments?; Imperfect borrowers left behind as mortgage wars hot up; Spike in staycations destroying rentals homes market; How to save for your first home; 1,000 neighbour noise complaints a day during pandemic… Happy reading and… renting!

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What makes a good property deal?

If you want to build a rental portfolio, this all starts with making good property deals. So do you know how to get the best property deal, or are you winging it and hoping for the best?

Well, there are rules that you can follow to make sure you get the very best deal in the first place. Read on to find out more.

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: 63% of Brits say UK has a housing crisis; Scottish city homes among most affordable in the UK; Record-low mortgage rates mean house prices are likely to keep rising; London rent prices fall furthest for expensive central properties; Who Is My Gas And Electricity Supplier?; Two thirds of young adults in the UK are counting on inheriting wealth… Happy reading and… renting!

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Top Tips For Landlords Investing In Student Lets

Students are not exactly the pinnacle of society. Given at least three years off work after being released from mum and dad’s protective care, they are synonymous with heavy yet-to-be-controlled drinking and still need mum to clean their bedroom and pants.

So why the heck would you want to rent to these curious all grown-up now little darlings?
That’s the million-dollar question.

But hey, if you are aiming to build a million-dollar property portfolio – students always need somewhere to live. And student letting boasts some of the highest profits available when it comes to renting. So, let’s get into how students could be a great way to boost your portfolio and some top tips.

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Landlord press review

Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Investment in student property ramping up; Stamp Duty Changes Take Heat Out Of Housing Market; Remortgaging – All You Need To Know; Third of people applying to rent face credit discrimination; Millennials are £100,000 more out of pocket when buying a house… Happy reading and… renting!

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