BMV properties are highly viable property investment opportunities. Some investors choose to let the property once they have purchased it. Property Banker sources these properties in order to immediately provide you with a steady rental income reducing the stress of finding a tenant and of course allowing you to avoid paying the mortgage.

However, it is important to understand some of the key considerations when buying a below market value buy-to-let property. When you rent out a property you need account for the cost of actually renting it. Letting agent management costs, maintenance costs and insurance all need to be added to your mortgage repayments and deducted against the rental income.

If your property is far away from where you live this may mean you need full management. This typically means that the letting agent will collect the rent and deal with tenant issues. Along with this they usually arrange for repair and any other maintenance.

It has also become more important than ever to keep up with the obligatory safety inspection of the boiler within rented properties. Landlords have come in to fire over not keeping up with these inspections and potentially putting tenant’s lives at risk. This is another cost and the inspection must be carried out by a Corgi registered engineer every 12 months.

Being a landlord demands that you know all of the rules and regulations that safe guard the rights and safety of your tenants. By taking a keen interest into these laws you reduce the risk of later disputes. Investing in below market value property can provide very healthy profits. If you want to find out more about Property Bankers BMV properties and how we provide tenanted properties, please don’t hesitate to drop us a line.

Related posts:

1. Buying Below Market Value – Buying to Let
2. The UK rental market and Buy to Let
3. Buy to Let Investing
4. BMV Properties
5. Buy To Let Advice