Top Tips for Buy to Let Landlords in 2010

publication date: Dec 28, 2009
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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Top Tips for Buy to Let Landlords in 2010

Read Kate's top five tips to help you make the right buy to let decisions in 2010:-

1. If letting yourself make sure you join a local authority landlord scheme and/or a landlord association. Letting legals, finance and tax are increasingly complicated. DON'T try to do it on your own, you are likely to make mistakes!

2. DO NOT say 'no' to a tenant offering say 10% less than you want in rental income. Agree the lower rent for six months as it's likely to cost you a lot less than a month's void.

3. Have a rental review agreed in the tenancy agreements every six months in 2010 as rents are likely to go up.

4. Do make sure your property is the 'best it can be' as these are the ones that will let first.

5. In this cold weather, make sure you property heating is well maintained and consider taking energy efficient measures to help keep yours or your tenant's costs down. Tenants won't stay in cold properties or ones with very expensive utility bills!

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