A Landlord’s Guide to Successful Property Lettings

Posted on March 26, 2018

Becoming a landlord offers so many plus points for individuals from all walks of life. Generating extra income is perhaps the biggest benefit. Whilst the tax deductions that can be harnessed to make maintaining your buy to let property, obtaining landlord insurance and covering accounting fees easier also make life as a landlord worthwhile. Renting out a property can ultimately provide the long term security all of us desire, with ongoing income able to be saved as a pension or for a rainy day.

For the many rewards that go hand-in-hand with being a landlord, also comes risk. Being a landlord is a time-consuming job. Whilst the financial extras (tax on rental income, tenancy deposit scheme, gas safety certificate, energy efficiency certificate, repairs and maintenance, and landlord insurance etc.) associated with the role are often overlooked. With the right advice and support however you can make your property lettings venture as successful as possible. In this blog post, we share our essential guide to successful property lettings.

Choose the right property

Selecting a property that has potential isn’t easy. The property market is changing all the time but with our local knowledge and market insights you can get the help you need to select the right property to let. Sunderland is prime property lettings territory. The city has undergone extensive regeneration, and despite work still continuing, the rental market is particularly buoyant. Determining demand for a rental property is the key to starting off on the right foot.

If you are considering renting out your own home to become a landlord, seeking the right permissions from your mortgage lender is important. After confirmation of permission is received your buy to let journey can officially begin.

Invest in marketing

The healthy lettings marketplace here in Sunderland may mean a number of tenants are accessible but this doesn’t mean you won’t face stiff competition. Getting your property out there will ensure your buy to let is tenanted as soon as possible so you can enjoy the extra income generated sooner rather than later. We provide a comprehensive marketing strategy to connect landlords with tenants, and use a number of tactics to get your property seen.

Get the right insurance

Landlords Buildings Insurance is a must for all looking to let out a property. Don’t leave anything to chance as a landlord, get the most appropriate cover for your circumstances and protect your investment.

Call on a professional

You don’t have to go it alone as a landlord. As a leading residential lettings and property management specialist, we provide professional, tailor-made services to ensure our landlords can successfully manage their portfolios and cater to the needs of their tenants. To find out more about our landlord services, please contact us direct on 0191 510 9950 or email enquiries@hackettproperty.com.