Top tips on becoming a landlord

There are many things to think about when becoming a landlord. Here, Matthew Williams, Co-Director of Redbrick Properties in Leeds, gives his advice.

Renting out a property comes with many pros and cons. Before you can decide on whether to manage a property yourself or have a lettings agency take care of it, it’s important to have a solid understanding of what is required of you as a new landlord.

Calculate how much income your property will generate
Researching how much rent you can achieve is a good place to start. If the figures stack-up then you are on the right path. The main thing is that you can cover your mortgage payments and leave enough for maintenance, insurance and tax, while still making a profit.

OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.

Click to view all articles for the EPIC: ,
Or click to view the full company profile:
    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    OnTheMarket Plc

    More articles like this

    Lookers Plc

    Lookers Q1 trading performance better than expected

    Lookers plc (LON:LOOK), one of the leading UK motor retail and aftersales service groups, has provided the following trading update for the three-month period ended 31 March 2021. Summary In line with Covid-19 restrictions, the Group’s dealerships remained

    JTC Plc

    JTC completes acquisition of RBC cees Limited

    JTC plc (LON:JTC), the global provider of fund, corporate and private client services, has confirmed the completion of its acquisition of RBC cees Limited from RBC Holdings (Channel Islands) Limited, part of RBC Wealth Management. The acquisition was

    Sumo Group Plc

    Sumo Group achieve revenue growth of over 40%

    Sumo Group plc (LON:SUMO), the award-winning provider of creative and development services to the video games and entertainment industries, has announced its final results for the year ended 31 December 2020, which show substantial growth in revenue and Adjusted