With awareness of the mistakes made by fellow buy-to-let investors, it’s far easier to avoid doing them yourself. Many think that life as a landlord is a rather cushy profession, however it can be highly demanding and pressurised with private landlords experiencing challenges from the various different worlds landlording attracts. Being a private landlord is not just a case of buying it, renting it and trousering the cash!
Keeping up-to-date with the rules and regulations, laws, the Landlord and Tenant Act, landlords rights, which landlords tenancy agreement to use and making sure all your property’s unique additions are clearly listed, knowing your landlord responsibilities, vetting tenants, attending to their needs, coping with the awful ones, dealing with residential letting agents and planning around tax hikes to name but a few.
Consider how you can avoid these following five common mistakes covered in the upcoming posts.