New landlords should focus on the fundamentals

The sheer volume of advice for first-time landlords who are considering investing in buy-to-let property can become overwhelming.

To help prospective investors focus on the fundamentals first Michael Sturt, of Henry Adams Lettings in Petersfield, advises on the key issues facing first time landlords:

Best property for letting?

Keep an open mind when investing in a buy-to-let property and don’t allow your heart to rule your head for such a major financial investment.

We suggest that once you’ve narrowed your search to one, or possibly a selection of properties, ask us for the likely demand for each one and a realistic opinion on achievable rent.

We will also give you examples to back up our opinions to help you make the right choice for you.

Finding an effective letting agent

I’m obviously going to suggest Henry Adams but whichever you choose, make sure the agency is ARLA and SafeAgent registered and has thorough experience handling the type of property you’re about to own.

An established, reputable company with good local knowledge is an absolute must and ideally find one offering a complete service with an in-house property management team should you want it.

For first-time landlords I would strongly recommend this as a starting point.

Need to know...

Lettings legislation is continuously expanding and covers everything from the Housing Act, gas and electrical safety regulations, and even which soft furnishings you can leave in a property if you’re intending on letting a property furnished.

Be sure to understand your rights and responsibilities towards your tenants so as not to fall foul of either moral and/or legal obligations – again this is where a good letting agent can guide you safely through the process.

And with the lettings market as busy as it is at the moment, there should be no excuse for an empty property!

Further information and advice on all aspects of lettings is available online at www.henryadams.co.uk where our free landlord information guide is available upon request or contact our specialist lettings offices including Petersfield (01730262801), Chichester, Haywards Heath, Horsham, Midhurst, Storrington and Bognor & Aldwick.