Lettings advice issued

News Category: Management

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When letting a property, landlords must ensure that their home is "right for the local lettings market", according to Michael O'Flynn from industry website Findaproperty.com.

Researching the local lettings market to find out what rents can be charged and who will be interested in the bricks and mortar is what landlords should do "first and foremost", he told the Independent.

Newcomers to the lettings market may also benefit from residential property management software, which is worth considering for those with a portfolio of homes to let.

Offering further advice to landlords, Elizabeth Brogan, a senior policy officer at the National Landlords Association, told the newspaper that there are two things property owners should bear in mind when letting.

"First, they should make sure it's in a good state of repair and looking as good as possible. Second, they should consider carefully the level of rent it's being offered at," she explained.

This advice comes as many new landlords have entered the market in the last 12 months following continual house price reductions during that period.

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