We hope that if you’ve read previous blogs, then you’ll know there’s far more to being a landlord than getting a great mortgage deal, finding a tenant and sitting back to count your cash.

It’s a business like any other but carries significantly more risks than most businesses. If it goes wrong, you stand to be in a difficult situation with possibly several empty properties and being responsible for several mortgages. If you fall foul of regulations, you could find yourself in hot water legally. So there are far more opportunities out there that have less serious consequences.

Successful landlords have several traits which make them effective at running a property portfolio. Even if you are just starting out with your first property, these are things that you can learn and will stand you in great stead for the future.

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Having bought your new rental home, there can be the desire to furnish it to a boutique hotel standard before renting it out. Similarly, suppose you are on a budget and have already invested heavily in fixing other areas of the house. In that case, it may seem just as an attractive option to rent the property looking clean and spacious and completely unfurnished.

So how do you decide which is the best option? In this short guide, we look at each option’s pros and cons so you can better make that decision.

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When you are renting a property, it’s essentially a sale. Make a good sale, and you have tenants that might even stay a decade. Imagine that! A perfect tenant, that stays and pays on time. You never have any issues, they look after the property and you never have to worry about your property being empty, with mortgage payments to make – costly renovations, and all the hassle of advertising the property for new tenants. So, how do you get tenants to stay? Well, here are a few helpful tips, to get tenants to stay longer.

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