Honestly we all make mistakes. However my goal in this post is to point out some of the rental property mistakes to avoid whilest investing in UK properties.
- Difficult Local Council officers…Been there …suffered through that
- No Storage in the Property and no one wants to rent
- Crazy layouts or bedrooms so small infants could not even fit in there
- Small kitchens…Every women loves a brilliant spacious kitchen and bathroom (Actually so do men)
- Beware of Japanese Knotweed or coal mining issues ( especially in the Northwest)
- Always get a survey..if Manchester..contact me and will give you our gent…he charges us 200 quid..
- Rural properties or huge land lots- thus more land to take care of
- Big properties…always a need for 1 to 2 beds…not 10 unless a Professional HMO
- Avoid DSS -LHA HMOS….Unbelievably tough to manage
- Bad School areas
- War Zone areas with promises of high yields. I have seen properties in Nelson 20% plus. However to manage is a nightmare as well as probably all of your profits will go back to maintenance…
Hope this helps and feel free to add to this list…
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