7 Tips for Student Landlords as NUS Slams Buy-to-Let Investors
7 Tips for Student Landlords as NUS Slams Buy-to-Let Investors
By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.
Student landlords have been accused of cheating students by making unfair deposit deductions and not registering deposits with the deposit protection scheme.
A survey by the NUS, Homes Fit For Study, showed that just 61% of students have their deposits returned in full, with 27% formally challenging landlord deductions.
7 Tips for Landlords:
- Use an inventory company
- Make sure your property is clean and presentable from the start
- Maintain your property to a high standard throughout the tenancy
- Tenants Fees Act came into force in 2019 so follow the rule or risk a fine.
- Deposits must be registered with the government-backed Tenancy Deposit Scheme
- Student letting is a specialised area and you should learn how to do it properly and professionally
- Corporate landlords are out to eat your lunch and will take the best tenants.
Can you afford to retire?
Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy?
You can learn how to acquire income producing assets using other people’s money and other no money down strategies in order to become financially free.
Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.
Before you buy another, or your first, property, take time out to learn proven successful strategies from expert multi-millionaire property investors on a free taster ‘property discovery day’.
If you’d like more information on how to acquire wealth building assets using none of your money, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community.
See more articles at www.moneytipsdaily.com
How to Use Creative Property Financing to Beat the Banks
How to Use Creative Property Financing to Beat the Banks In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but… see –http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.