Landlords Wanted GlasgowAugust 16, 2017 1:47 pm
Investing in the housing market is always seen as a good way to protect your money – after all, a house is always worth something and if you buy smart, you can make a good profit on it in later years. In between this period, renting the property to tenants can be a source of income for you and cover any mortgage on the property so the eventual profit will be entirely yours.
Letting agents are always posting ‘Landlords Wanted Glasgow’ adverts because there is a great deal of demand for houses and flats across the city. As the difficulty in getting mortgages increases, more people are turning to private rental properties for their homes. This means that if you invest in a property with a little research into the type of tenant you can get, then you can ensure you rarely have an empty house.
Using a letting agent is entirely optional but when you are a new landlord, it can be a good idea. They can do all the technical aspects of finding a tenant such as getting credit checks and references. They can also set up the tenancy once you are happy with the proposed person or family. Part of this involves collecting the deposit, which needs to be put into an approved scheme for everyone’s protection. They can also continue to look after the tenancy for you afterwards if you require this.