Expat Rental Advice

Expat Rental Advice. As an expat and therefore not residing in the UK Investing in property whether it’s your first investment or your fifth can give you goose bumps at any time of year.

Whilst property prices are falling, it can be all too easy to get swept up by recent articles of new property trends amongst renters.

As an expat the key to any successful investment is ensuring you have a sound strategy. For property, this means a combination of fundamental elements that theoretically add up to you finding a property that will deliver growth and provide a regular rental income (if this is a goal), allowing you to passively grow your wealth over time.

These elements are good location, connectivity, amenities, infrastructure, and investment and of course tenant demand which, if you get the first four right, should come naturally.

One of the worst nightmares for an expat landlord is experiencing a long void period. If you committed to your sound strategy, you will have hopefully purchased a good quality property in a high demand area which should help to reduce the risk of a lengthy void period. Another way to help minimise void periods is to keep up to date with the market in that area – in terms of cost and also what you’re offering as a landlord.

Consider the amenities that attract tenants and, importantly what your property could offer to ensure its ripe for the picking when it comes to tenant choice.

Reduce risk as much as possible.

In other words, make sure you have contents insurance, always put your tenant’s deposit into a deposit protection scheme and have a sizeable pot of cash set aside to cover unexpected maintenance costs. Contact Us for all your expat mortgage advice.