The Landlord Magazine | Page 37

TIPS allowing tenants to personalise the property to their own tastes by adding new furniture, paintings or decorations may make it more homely for them and encourage them to stay longer. Determining your target tenants is also necessary to establish a rent estimate and deciding whether to buy rent guarantee insurance in event of rent payment failures. In terms of income and capital gains, property investments have yielded generous returns for many investors. However, it is crucial that you stay well informed about the market, property trends and the potential advantages and disadvantages of investing in buy-to-lets before you take the plunge. Your knowledge and research will land you in a better position of gaining higher returns out of your investment. 6.Consider the suburbs or 6