Nine things that tenants want from your buy-to-let property
Never buy the home you want to live in − buy the property others want to rent
I recently met a buy-to-let investor who was experiencing a problem that is unfortunately not a rarity. He was finding it difficult to get a tenant. He’d tried dropping his rental price, cutting it to the bone. Nothing. He hadn’t had so much as a sniff.
The truth of the matter is that he’d bought a dud. When I asked why he’d bought it, he answered, “Because it’s just the sort of property I’d love to live in.” He’d bought his ideal home instead of a property that others want to live in.
When he carried out his property inspection and due diligence
, he’d seen what he wanted to see and not what tenants would look for in rental homes. He hadn’t looked at the investment as a box that makes money. He hadn’t invested in a property that would appeal to a tenant. Consequently, he was left holding a costly baby.
(Watch this video
which shows how deep our due diligence checklist delves to ensure a property investment opportunity has the maximum potential.)
In this post, I’ll show you the nine things that today’s best tenants want from a home they rent. This knowledge will help you to identify the diamond properties and dismiss the duds. Read More