How to make it as a successful landlord

Thinking of getting into the buy-to-let business? The current high demand for rented properties definitely makes this an enticing idea. Yet the scares of rent arrears, repairs, void periods and just a general loss of free time can put many off.

Being a landlord is in no way an easy job, though if done properly, and in an organised manner, it can be an extremely successful way of earning.

Guarantee My Rent have been in the industry for seventeen years, which has given us the confidence and expertise to help property owners. This experience has also meant that we’ve picked up some handy tips on what factors contribute to a landlord’s success.

Firstly, always know your target market. Realising if you want to provide for students, families or couples can help you to establish your success. For example, if the area of your property is near loud pubs and bars, this is probably not going to be so suitable for people with children, but more fitting for students.

You want to be able to ensure that the decor, space and neighbourhood or nearby attractions are going to be popular with the sort of tenants you’re hoping for.

Next, keep everything in a good condition. Have your property evaluated and make sure all repairs and maintenance are kept on top of. Before anyone can rent out your place it needs to be in a hygienic, undamaged state. Keeping a close eye on this will also save you on receiving complaints from tenants, and will mean that the property is still in a sellable condition if your tenants decide to suddenly leave.

Lastly, consider a rent guarantee scheme. Nobody said being a landlord would be easy, but it really can be if you’re using our assured rent services. All your daily hassles will be managed by us, and your rent will be paid up to 3 months in advance, even if your property is empty. Pretty tempting, huh?

The main thing to keep in mind is caution in this business. Be careful with the tenants you choose and the services you trust. We can’t speak for everyone, but if you do choose us, we’ll make sure your property and income is completely protected, with no sneaky hidden fees.

Whatever you decide, goodluck!