Finding your rental property
Let's start at the beginning, you need to find yourself the right house, in the right location that will appeal to the right tenant. Here at Andrews, we pride ourselves on knowing the ins and outs of the local area, so we will be able to advise you on what types of houses are popular with renters in the local area.
When looking for a buy-to-let property, it's also important to think about what type of tenant you are looking to attract when purchasing your buy to let property.
Young professionals: often heralded as the least wearing tenants mainly because they spend all their time on their commutes, professionals will need to be close to transport links and/or the city centre.
Students: Students sometimes get a bad rep for being loud and/or messy, but there are definitely some perks to becoming a student landlord. They're predictable ¿ tenancies will be required to run the length of the academic year. They're reliable ¿ because rent payments will typically be subsidised by student loans, and they can generate higher rental yields due to more rooms being converted into rentable bedrooms. Notoriously easy to please - basic furniture, easy access to university or city centre and not a lot else!
Families: Its likely families will want a house a little further outside the city centre, near to good schools and possibly with a garden. Buying a house within the catchment of a good school will set you back more during the initial purchase, but could guarantee you a longer term tenant as families will want to stay close to the school and may not be able to buy their own property nearby.
Andrews offer a variety of management services to help you with life as a landlord. No let is ever exact the same, which is why we offer a service that is tailored to your individual needs as a landlord. We understand it can be hard work maintaining a property portfolio, whether you're an experienced property investor or a first time landlord, knowing the ins and outs of landlording can be tricky. From inventories to EPC's, Andrews is on hand to help.