28 Apr

Buy-to-let investors 'can benefit by concentrating on the detail'

Buy-to-let investors 'can benefit by concentrating on the detail'

Landlords have been advised to concentrate on the details of their properties in order to attract the highest possible rental income.

According to the National Landlords Association (NLA), finishing touches and incentives can make a significant difference.

It suggested that not only should homes be in a good state of repair, but they should also include bonuses such as garden furniture and wireless broadband.

Additionally, buy-to-let investors should make sure they do not set the price of their homes too high.

It can sometimes be worth accepting a lower rent in order to secure new tenants, the organisation said.

Commenting on the issue, David Salusbury, chairman of the NLA - which currently represents more than 19,000 members - noted that no landlord likes void periods.

He went on to state: "As with many issues in the letting of residential property, open and respectful channels of communications between landlords and tenants will pay dividends."
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