Rental Properties For Investment Purposes
There are lots of different ways that you can make money without having to put hours and hours into something every day. That doesn’t necessarily mean you don’t have to work on your project, but there are some that can be done up and then left to run on their own, at least for a little while. One way to do this is to invest in rental properties and become a landlord, though things do seem to pop up all of the time.
If you decide to commit to buying rental properties that you can overhaul and let out, you can realise a regular flow of rental income each month with little hassle after your initial period of renovation works.
Buying rental properties can be tricky, but you can usually find the right thing if you look around. Initially it is a good idea to just buy one if this is your first time. However, if you are confident in your buying strategy and can handle the works, then aside from finance, there isn’t a limit on how many you purchase at once. For the best investment, you want to find something in a decent neighbourhood that might need some work. You will get a ‘market happy’ price by adopting these strategies when buying rental properties, but you can put a little work and money into it and turn it into a perfect investment.
That means you can command a higher rent and get a return on your investment.
When buying good rental properties initial research is essential. Think of it as your road map to success – without it you will be literally ‘driving blind’. You can’t always tell what a neighbourhood is like just by driving through during the day. To make the best decisions about an area, try visiting at different times of the day. How do these times affect your property directly? Does the feel to the area change at night? Issues may arise that you hadn’t considered that could be detrimental to the rentability of your potential investment.
If you are looking into buying rental properties, and you notice a great house at a very low price, you have to wonder why that is. There could be a high crime rate in the area of interest, even though the look and feel of it would suggest otherwise, or even a very troublesome neighbour that has left the house unsold.
If you are new to buying rental properties, you should also know that you should always have someone look over the house for you no matter what you think of it. There could be problems with the foundation or other key areas that mean the house will be more of an investment than you first thought. Though estate agents are generally very honest about what is really wrong with a house,and its sale history you should always get your own person i.e.
a qualified Surveyor/ Structural Engineer to look over anything you are considering when you are buying rental properties.
Lettinglinks.com is a social networking site that connects landlords with tenants. If you are looking to rent out your property then visit the main site and create your account in seconds. The site is 100% FREE to use.
Gain access to thousands of UK registered tenants NOW!
Categories
- Landlords (19)
- Real Estate (9)
- Renewables & Green Issues (1)
- Rental Property Investment (1)
- Tenants (21)
- Uncategorized (11,840)
Archives
- November 2024 (31)
- October 2024 (82)
- September 2024 (69)
- August 2024 (55)
- July 2024 (64)
- June 2024 (54)
- May 2024 (73)
- April 2024 (59)
- March 2024 (49)
- February 2024 (57)
- January 2024 (58)
- December 2023 (56)
- November 2023 (59)
- October 2023 (67)
- September 2023 (136)
- August 2023 (131)
- July 2023 (129)
- June 2023 (128)
- May 2023 (140)
- April 2023 (121)
- March 2023 (168)
- February 2023 (155)
- January 2023 (152)
- December 2022 (136)
- November 2022 (158)
- October 2022 (146)
- September 2022 (148)
- August 2022 (169)
- July 2022 (124)
- June 2022 (124)
- May 2022 (130)
- April 2022 (116)
- March 2022 (155)
- February 2022 (124)
- January 2022 (120)
- December 2021 (117)
- November 2021 (139)
- October 2021 (130)
- September 2021 (138)
- August 2021 (110)
- July 2021 (110)
- June 2021 (60)
- May 2021 (127)
- April 2021 (122)
- March 2021 (156)
- February 2021 (154)
- January 2021 (133)
- December 2020 (126)
- November 2020 (159)
- October 2020 (169)
- September 2020 (181)
- August 2020 (147)
- July 2020 (172)
- June 2020 (158)
- May 2020 (177)
- April 2020 (188)
- March 2020 (234)
- February 2020 (212)
- January 2020 (164)
- December 2019 (107)
- November 2019 (131)
- October 2019 (145)
- September 2019 (123)
- August 2019 (112)
- July 2019 (93)
- June 2019 (82)
- May 2019 (94)
- April 2019 (88)
- March 2019 (78)
- February 2019 (77)
- January 2019 (71)
- December 2018 (37)
- November 2018 (85)
- October 2018 (108)
- September 2018 (110)
- August 2018 (135)
- July 2018 (140)
- June 2018 (118)
- May 2018 (113)
- April 2018 (64)
- March 2018 (96)
- February 2018 (82)
- January 2018 (92)
- December 2017 (62)
- November 2017 (100)
- October 2017 (105)
- September 2017 (97)
- August 2017 (101)
- July 2017 (104)
- June 2017 (155)
- May 2017 (135)
- April 2017 (113)
- March 2017 (138)
- February 2017 (150)
- January 2017 (127)
- December 2016 (90)
- November 2016 (135)
- October 2016 (149)
- September 2016 (135)
- August 2016 (48)
- July 2016 (52)
- June 2016 (54)
- May 2016 (52)
- April 2016 (24)
- October 2014 (8)
- April 2012 (2)
- December 2011 (2)
- November 2011 (10)
- October 2011 (9)
- September 2011 (9)
- August 2011 (3)
Calendar
Recent Posts
- Bought a property at auction without details of existing tenant?
- Buying a property at auction with a sitting tenant?
- Government’s second homes policy doesn’t address the housing crisis
- Council inspects 500 PRS homes – and finds 2,000 issues
- Labour urged to bring in secret inspections of rented properties