New to the Market? How to Make the Most of Your Buy-to-Let Investment

Posted on January 20, 2015

The property sales market and its buoyancy is widely reported, however, the rental market is also making a great recovery, providing an admirable return on investment for landlords that have struggled to get back on their feet after the recession.

Whilst renting out your buy-to-let property is still a thankless task, there are a number of steps that can be taken to improve your rental potential further and take advantage of improving market conditions and the abundance of tenants. As a leading Sunderland estate agent, we have helped many landlords in their quest for success, and we’re here to help you with our guide to making the most of your buy-to-let investment.

Turn detective

Research is the key to maximising your rental potential, after all without knowledge of the area and the wider rental market, how can you expect to deliver a housing option and price that suits your tenant?

Spend as much time as you can researching the area, especially if you are not based locally. Think about the demographics accessible in the area and which group your buy-to-let property will suit. Short term lets with students almost guarantee a full house year after year, whilst renting to families and young professionals provides a long term option.

If you don’t have the time to turn detective yourself, why not enlist our Sunderland estate agents? With over 9 years of experience we have the insight you need to make sense of the local property market.

Take viewings seriously

Buying a property for your own family is all about that emotional connection as well as the practicalities, but it’s important to remember that when viewing potential buy-to-let investments you won’t be living there. Put your business cap on when viewing rental properties and go over everything with a fine tooth comb on behalf of prospective tenants.

Don’t be afraid to ask for help

There are many property management services out there for landlords to call upon, and you’ll be surprised by just how comprehensive their packages are. Our Sunderland estate agents aim to provide ultimate peace of mind for landlords and tenants alike, and work with landlords one-on-one to deliver a great experience to local tenants at an affordable price.

Our personal service allows landlords with just one property or a portfolio of buy-to-let properties to take advantage of our experience, local knowledge and professionalism. To find out more about how we can help you on your letting journey, please call 0191 510 9950.