1. Tennant Screening
Research the area you plan to invest in. This means, the type of people that rent there, how much they pay, and their turnover. In addition, you can research the amenities nearby to determine who will be best suited for the property.
Student or single tenants are quite happy with single room apartments, while families would most often require at least an apartment with 2 rooms or more.
Remember, the most common tenant types might not necessarily be the best. For example, students are more likely to cause damages to your property than, say professionals.
2. Legal Responsibilities
Familiarize yourself with your rights as a landlord, especially if you are a foreign investor with multi-property portfolio as laws differ between countries. Familiarize yourself with your rights as a landlord, especially if you are a foreign investor with multi-property portfolio as laws differ between countries.
- UK - Housing Act of 1988
- UK - Housing Act of 1988
- UK - Housing Act of 1988
- UK - Housing Act of 1988
- UK - Housing Act of 1988
3. Managing your Rental Property
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