Buy to Let Advice: Tips on Getting Started

The first step is to speak to three established Property Managers in your area and explain that you are planning to invest in buy to let. These can easily be sourced via the internet. They will be more than happy to provide advice on: demand, preferred areas, property types, rental incomes and tenants in return for an opportunity to discuss their letting and management services with you.

Choosing the right location and property can make or break your long-term investment strategy. Wherever possible, ensure the advice you are getting is independent. Remember, estate agents who also manage properties might try to steer you towards properties they are marketing for sale and this can be a conflict of interests.

University Accommodation Offices are always delighted to hear from prospective new landlords. They know exactly what their students want to rent, the going rates for rents and where their students want to live.

Have a chat with your local University Accommodation Officer and if possible arrange a meeting, perhaps over lunch. Again, explain how much money you are intending to invest in the property market. If you work with the University Accommodation Officers and take their advice when you are buying you can be very confident that they will do everything they can to introduce you to good student tenants. After all, it is their job to place their students in the best possible accommodation.

What to do when you find a property

Go back to the Property Managers and ask them for an indication of achievable rents and demand for the properties you are considering. Armed with this information it is time for you to speak with The Money Centre.

We will be delighted to refer you to sources of finance, cost effective methods to Find a Tenant quickly and secure your cash flow by ensuring you receive your Rent On Time.