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Full Description
That this best-selling book is now in its sixth edition proves what a popular choice letting property has become. With an increasing number of people choosing to invest in property rather than pensions (according to The Royal Institution of Chartered Surveyors), fewer first-time buyers, and banks and building societies offering buy-to-let schemes the buy-to-let sector is continuing to expand: 12 per cent of all housing stock is now in the private renting sector. This fully revised and expanded edition includes all you need to know on the new 2006 housing rules and provides reliable advice on all aspects of becoming a landlord. It advises on the pitfalls and the advantages of letting property, as well as how to choose the right type of property and how to calculate the finances. Interspersed with case studies and tips from experts, this book is a must read for anyone considering letting a property.
Contents
Introduction 1 Is letting for you? What it takes to be a landlord 2 Finding the right property Could I live in it myself?; Location, location, location; Keep your eye on the market; Service charges 3 Working out the numbers Cash buyers; Finding a tenant; Landlord action; Buying at auction; Buy-to-Let; Tax; It's worth it! 4 Decor and renovation To furnish or not?; The essentials; Furnishings; How often should you redecorate/renovate?; Letting out your own home; Preparing for corporate or company lets; Students; Some general points on letting; Complying with regulations 5 Finding suitable tenants Advertising; Deciding on the sort of tenant you want; Before they move in; Using an agency; Company lets; Short lets; Students; DSS and Housing Benefit; Housing associations; Problems with social tenants; Holiday lets; Letting rooms in your home; Bedsits; Adapting your own home; Houses in multiple occupation (HMOs); Buying a property with existing occupants; Your relationship with your tenant(s) 6 Rights and obligations Tenancy agreements; Common problems 7 Becoming a portfolio landlord The multiple landlord; Money; Working with agencies; Other things to bear in mind; Two voices of experience; Landlord associations 8 Buying and letting property abroad Beware!; Buying to let; Making your choice; Fitting out the property; Marketing your property; Finance 9 Mostly for tenants Who are the tenants and what do they want?; The inventory; References; The tenancy agreement; Moving in; Now you're a tenant; Moving on; The Tenancy Deposit Scheme 10 Resources Contacts Publications The Property Investor Show
