The Best Type of Property for Buy-to-Let
When looking for a buy-to-let property, the most important question you need to ask yourself is, "Will people rent this property?" To know this, you need to know who the tenants in your area are, what they want and what the benefits and pitfalls of renting to each type of tenant are.
My lettings experience comes from working in the London lettings market so it is this market that I will cover but the principle remains the same regardless of area. This article is intended to help potential landlords make the right choices in order to maximise their rental income and consequently when discussing "types of tenant", I will cover generalities so that your property will appeal to the majority of people.
In broad terms, most tenants across the country are young - students, professional sharers and young couples. Lets look at each group individually and see what they are looking for.