The Buy2Let Shop, One Elmfield Park, Bromley, BR1 1LU
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How to Find Tenants for Your Buy-to-Let Property

If you’ve recently purchased a buy-to-let property for sale, you might be wondering how best to make a profit from it. Generating a good ROI from your UK property investment needn’t be tricky – but it’s important to approach the task in the right way.

If you’re going to be taking on the task of finding tenants yourself, here are some useful tips to help you.

Developing a Strategic Approach

As with any form of investment, it’s important to view your purchase in business-like terms. Your property needs to be put to work, to generate a solid rental income (and ideally good profit from capital growth too).

  • Develop a business plan. Rather than blindly seeking tenants, take some time to think carefully about how you’re going to get people interested in your property. Find out what the local paid advertising opportunities are – and how well they’ve worked for other landlords in the area. A property investment agent may be able to help you with this.

 

  • Establish a price. If your property is over-priced, tenants will ignore it. Likewise, if you don’t charge enough, you’ll be missing out on the true earning potential of your UK property investment. Do your research – sites like Zoopla and Rightmove are an excellent place to start. It’s vital to find out exactly how much other landlords are charging in the area, so you can tailor your rental rates accordingly.

 

  • Get references. Make sure that every person who expresses interest in your property provides solid references. Choosing the wrong tenant can end in serious problems further down the line – whereas a reliable renter with a proven track record comes with much less risk involved!

 

  • Organise your viewings. If you’re taking viewings yourself, it’s a good idea to be as flexible and accommodating as possible. For example, if a prospective tenant works during the day, being available for an evening viewing is likely to be appreciated. Make sure you know your property inside-out, as renters will probably have questions about it.

 

  • Don’t finish viewings too soon. Keep arranging viewings until your tenant has signed the contract – a verbal agreement is easily broken, which can leave you in the frustrating position of having to start searching for tenants all over again.

 

  • Clean the property. It goes without saying that you should ensure your house is looking its best. Complete any decorating or DIY before arranging viewings, and give the property a good clean before each viewing – a dirty home is unlikely to appeal to many renters.

 

  • Prepare the paperwork. Before arranging viewings, you need to make sure that all paperwork (contracts, legal documentation etc.) is ready for signing. Check that you’ve met all your legal requirements for being a landlord too – for example, applying for an HMO licence (if applicable), and obtaining an Energy Performance Certificate.

The Buy2Let Shop Limited

If you’re searching for the ideal buy-to-let property for sale, talk to The Buy2Let Shop team. We’re specialist property investment agents, and we’re here to ensure you generate excellent ROI – from rental yield and capital growth.

To find out more about our services, simply get in touch via The Buy2Let Shop website today.

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