Our Top Tips for New & Aspiring Landlords

Learn the market

Research the rental market in your target area: who your competitors are, what they charge, and what amenities tenants want. It’s the surest way to optimise your return and avoid surprises.

Choose the right rent

Stick to the mean. Look at what similar properties nearby charge and use that average — not so low that you leave money on the table, not so high that it never lets.

Plan for hidden costs

You’re running a business: rent is income, upkeep is expense, and tax is unavoidable. It’s worth consulting a tax adviser before you start, so you know what to expect.

Know the relevant laws

Educate yourself on the laws that come with letting — certificates, housing rules and your tenants’ rights. Once you’re the landlord, understanding them is your responsibility.

Choose tenants wisely

Don’t rush to the first offer. Run background and credit checks, screen properly, and ask questions during vetting — listen to the screening and your gut. It saves trouble and can start a long, successful tenancy.