This is where the journey of every self-made landlord begins.
Whether you’re buying a property for BTL purposes, or thinking about renting out your current home, the prospect of becoming a landlord is usually both exciting and nerve wracking for upcoming first-time landlord.
Trust me, I’ve been there, and I’ve… errr… wrote the blog about it.
If you’re buying a BTL, the thought of investing so much money into a ‘business venture’ is a very scary prospect, and the potential risks can be gut-wrenching. What if it all goes wrong? What if I lose all my money? Sound familiar?
In reality, investing in property really isn’t THAT risky- not in the grand scheme of things anyways. It’s extremely unlikely that you’re going to wake up one day and find that your property is worth diddly-squat.
The key to being a successful landlord and property investor is mostly about following the rules, applying common sense, and most importantly, treating your tenants fairly.
In this section, I’ve written articles offering practical and useful tips for new and upcoming landlords, along with my stories based on my own experiences.