Will you rent it out yourself or get an agent to do so. Agents will charge you a management fee, but will deal with any problems and have a good network of plumbers, electricians and other workers if things go wrong.
If you are considering entering the Sheffield Buy to Let (BTL) market Simon Lambert of the telegraph has put together a top ten list of tips for potential property investors. One of the main pieces of advice is to simply consider what type of landlord you want to be, how hands on do you want to be?
“Buying a property is only the first step. Will you rent it out yourself or get an agent to do so. Agents will charge you a management fee, but will deal with any problems and have a good network of plumbers, electricians and other workers if things go wrong. You can make more money by renting the property out yourself but be prepared to give up weekends and evenings on viewings, advertising and repairs.”
A great point, yes you can manage your property yourself, but letting property correctly is about much more than simply getting a tenant into your property, it is about managing the property, the rental of the property, its upkeep, and all within the terms of your responsibility legally as a landlord.
As the leading Sheffield letting agency with a proven track record of many satisfied clients, Belvoir! Sheffield pride ourselves on offering an excellent and personal service.
Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages. Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.
For more information, please visit www.belvoir.co.uk/sheffield or call 0114 25 25 215. Alternatively, please email firstname.lastname@example.org
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