BTL Still worth doing ?
Discussion
pchmlk said:
Has anyone had much success with student lets?
Ozzie's Rules:- Choose a decent university/town - first rate universities tend to have first rate students.
- Use an agent - really important IMO. They deal with the crud and can have useful links into wealthy "overseas" communities.
- Try to get 12 month lets, you don't want to have a void every summer. Agent is useful for this, as above.
- Don't let a 3-bed flat to one student - make sure they ALL sign the tenancy.
- Watch out for Council Tax - if any tenant turns out not to be a student and then leaves, the property remains chargeable until re-let to genuine students.
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