Local Knowledge is Essential to Select Profitable Rental Investment Properties
Location is always an important factor in property, especially when deciding on the best opportunities to expand a buy-to-let investment properties portfolio. Landlords may have a preferred niche, such as high-end apartments for professionals or semi-detached family residences, but local knowledge is key. For example, a well-maintained rental property marketed to tenants with children is less likely to command a premium if it is outside the catchment area for the best local schools, and vice versa. As we’ll explore below, there are advantages to working with an established agent with comprehensive experience in property sales and the letting market in any region you intend to buy. Calculating Demand before Making a Buy-to-Let Investment Property Acquisition One of the fundamental elements of making a reliable profit through property rental is demand; both having plenty of quality tenants to select from when letting a new rental asset and ensuring that tenancies are longer-running...