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A house that has just been built will have its own requirements a buyer must consider. This article covers things to keep an eye out for and is designed to help buyers maximize their investment from the start.
The buy to let market is always growing in the UK these days so making sure to understand this opportunity is crucial for those who want to make the most of their property investment money.
Knowing how to view a potential rental property is the first step to becoming a savvy and responsible tenant any landlord would love to rent to. Here is how to evaluate any rental one encounters on the market today.
The Importance Of Tenant ReferencingWhen you are letting out one of your properties then it is extremely important that you know the kind of people that you are going to be allowing to live in them. No landlord wants a tenant or tenants that are noisy and will disturb the neighbours as well as cause a lot of damage to the property itself however how can you be sure that this is not what you are getting?
By doing proper tenant referencing then you can be sure. It is basically the practice of obtaining references from past landlords or other referees that can provide a character reference for the tenant in question; much in the same way that you would expect a potential employee to provide several references from their past employment to make sure that the things they said on their application for or CV are correct and true. By doing a proper reference check then you can accomplish a few things.
First you will avoid any people who fail to pay their rent. Any landlord who has had to chase up their tenants for rent will testify that it is one of the most stressful things in the business and avoided these types of people (those who fail to pay regular rent) should be strived for at all costs. A reference will be able to tell you if the person in question has ever had, or does have, any outstanding rent payments. In addition you can find out if your tenants have had any criminal record or activities. This is not an obvious means to reject someone but it will help to give you a better idea of the kind of person that will be living in your property and can help see how they will fit in with the other people in the building or area.