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hello all, newbie landlord needing guidance

were soon to be Let-To-Buy landlords and could do with some good tips guide to setting up and running everything. were planning to use a local letting agent to do most of the stuff.

Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    [FONT=&quot]New Landlords[/FONT][FONT=&quot] (information for new or prospective landlords)[/FONT]

    [FONT=&quot]Letting Agents [/FONT][FONT=&quot](Tips for selecting, and tips for sacking them)[/FONT]
  • Logan008 wrote: »
    were soon to be Let-To-Buy landlords and could do with some good tips guide to setting up and running everything. were planning to use a local letting agent to do most of the stuff.

    My best tip? Don't think that just because you are paying a letting agent to manage your property, that you can leave them to it without a worry - unless they are VERY good, you need to stay on your toes.

    Make sure you get the best tenants in, properly referenced and credit checked, rent guarantee insurance, guarantor if neccesary. Ask your agent questions about the applicants or meet them yourself.

    Read, read, read every post on here and other landlord sites.

    Good luck!
  • Logan008
    Logan008 Posts: 38 Forumite
    Read, read, read every post on here and other landlord sites.

    Good luck!



    what other sites should I checkout?
  • Logan008 wrote: »
    what other sites should I checkout?

    Landlordzone forum
    Residential Landlord forum

    Sorry I don't know how to put links on, using my Kindle - but if you put both into Google, you'll find them ok.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Logan008 wrote: »
    what other sites should I checkout?
    Did you even click the link? There are 34 sites shown there!

    [FONT=&quot]New Landlords[/FONT][FONT=&quot] (information for new or prospective landlords)

    [/FONT]
  • Logan008
    Logan008 Posts: 38 Forumite
    G_M wrote: »
    Did you even click the link? There are 34 sites shown there!

    [FONT=&quot]New Landlords[/FONT][FONT=&quot] (information for new or prospective landlords)

    [/FONT]



    yep seen it now, sorry.
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    Ask any friends who rent what the agent is like from their point of view. An agent that is respected by tenants will probably help keep tenants for longer which avoids vacant periods.
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