The buy to let property market has received a startling amount of interest; it is for sure a market on the move and a market getting more interest with more and more people looking to let property. Th…
The buy to let property market has received a startling amount of interest; it is for sure a market on the move and a market getting more interest with more and more people looking to let property. There are for sure pros and cons of using a letting agent to manage your buy-to-let property though the great benefit is for sure how the agent can take care of keeping your property full at all times.
For many buy-to-let looks an attractive income investment in a time of low rates; what you do need to be aware of though is the taxation that can come with this. The idea of easy money and an easy income is all too tempting though there is a lot more to buy-to-let agent management and buy-to-let property management than you think. If you choose an agent you do not have to go for a High Street; there are the exclusive firms which offer just lettings and then the firms which offer this tied in with estate agency services.
Try to chose a letting agent who is a member of the National Approved Letting Scheme, or one of the professional bodies that support it. Look out for this on their website – query this if it is not added and in place on their website. Ask yourself in full if you need to use an agent and how much will it cost. Get the full low down of their fees as well as their terms and conditions. You will also need to look at get out clauses as it helps to get a feel as to how strict their offering is. The trick to buy-to-let success is to choose your timing, area and property type carefully; the key is to plan and assess the pricing to which you own buy-to-let property and the type of client / tenant you wish to attract.
Some landlords prefer letting agents that are owned by an estate agency as they might have access to their other offering of services. For others they can favour a dedicated service; this is better if you plan on holding your portfolio for the long-term. To find out what your estimated rent might be, talk to local letting agents and you will in turn be able to know the costs involved in order to make such money from buy-to-let property.