Skip to main content

MyWinkworth

hero-banner

Top tips for landlords from Carl Burgess

With the evolving nature of the buy-to-let market, there is a lot to consider as a landlord with new regulations and significant changes in place.

WES180146_1

If buy-to-let used to be an easy win, it’s now something that needs a little more guidance, and it’s never been more important for landlords to take professional advice from experienced agents.

Carl Burgess, owner of Winkworth Shepherds Bush shares his top tips for landlords.

  1. When the market gets tough, the best properties hold their value. Make your property desirable and it will always let quickly and for the best rent.
  2. Don’t be greedy! It is often a false economy. Landlords that are holding out for a high rent often don’t get it, and even if they do the property could be left empty for weeks or months first. For every week your property is vacant you are losing around 2% of your annual rent – so an empty month is 10% lost. Plus you will be responsible for the council tax, and you’ll have the stress of worrying while it is empty too.
  3. Be mindful of the timing of your lease and break clause. If a tenant is negotiating a request to break in December, this could be a bad time to be re-renting your property. Speak to your agent, ask them about the best time and worst times – and consider this when negotiating the lease terms.
  4. When choosing an agent to manage your property, ask them more than just what their fees are. Find out where their management is based, what typical cost of works are and request some examples like a plumbing call out charge or rate per hour – and enquire about any extra fees.
  5. If you self-manage the property, ensure that conduct visits and inspections of the property take place at least once a year, preferably twice. This will enable you to pick up issues that have not been reported before they become bigger problems.

If you’re interesting in letting your property or are seeking further guidance as a landlord, please contact your local Winkworth office.

You can also contact Carl here:

Carl Burgess – Winkworth Shepherds Bush

020 8735 3266
winkworth.co.uk/shepherds-bush

To read more stories like this take a look through the latest edition of The WM

Related posts

1
Find your address
2
Choose a time that suits you
3
Add your details

Add Your Details

* denotes required field

Looking To:*
Selected Address
Property Type:

Choose a date and time

Or:

Your Details

* denotes required field

Fill in your details and someone will be in touch soon:

You have provisionally booked a valuation for . Please confirm your details below

We don't have date info available for this property, but if you fill in your details below, someone will be in touch to arrange a date soon

Are you also looking to:*
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.