And finally, Laura has some tips on how best to market your buy-to-let property. "Once you've found the right property in a great location and secured your buy to let mortgage, it’s time to find your ideal tenants."
Finding the right advertising package for you
Letting agents - If you're using an agent they'll advertise your property (online property sites, shop window etc.) as part of your agreement.
Online advertising - If you decide to market the property yourself, online letting agents can provide various packages to advertise your property on the most popular property websites. Some offer free trials and introductory discount offers but it pays to do your research. Look out for reviews from fellow landlords and shop around for the best deal for your budget.
Classified websites – Can provide access to a large audience too. They charge landlords a fee for advertising properties to let and you can visit the websites to get a quote.
Photographs - We all like to see what we are getting for our money. Good quality photos that show off the best features of your property are key.
It's all in the words – Your property description should be clear and easy to read and entice potential tenants. Write your description to appeal to your target market, emphasise the property's main attributes, any quirky features and local amenities. If you have them be clear on your tenant preferences (e.g. no pets) and as well as the rent ensure any additional fees (e.g. administration, background checks) are included.
Spread the word - Share your property advertisement via social media and ask your friends, family and colleagues to forward on.