April 02, 2019
Sab tips for landlords
Thinking about renting out a property? These tips will help you avoid some common pitfalls and make the most of letting out your property.
Costs and ROI: How much is it going to cost to have your property ready to rent? (including the cost to purchase it, if you’ve not already done so).
If you have a mortgage, ensure your provider knows you’ll be renting the property. You may need a buy to let mortgage if this is how you will be obtaining the property.
Listen to, and take advice from, a letting agent; they often have many years of experience and know the market.
Consider how many people will be living in your property. If you intend to let to a group of individuals, you may need to adhere to additional rules about houses of multiple occupancy.
Ensure the property is presented to the highest possible standard – clean and tidy with everything working and compliant. This will help ensure your property is let quickly and avoid any issues.
- Over 40% of households in the UK own a pet. Demand for rental properties that will accept pets is high. An advantage of allowing pets is that you’re likely to secure a long term, trusted tenant; a downside is that pets can cause damage. If considering allowing pets we would recommend adding a clause into any agreements.
The team at Sab have over 100 years of experience in property and are happy to help. If you need advice, please get in touch on 01223 352170.