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Fiona strongly recommends using an agent, but paints a horrendous picture about the things that can go wrong - then she admits that she has tried to save the 5% fees by not using an agent.
After 8 years of making a lot of money out of letting property I have always used an agent and NEVER had anything going wrong - saving the 5% by having virtually 100% occupancy.
I would advise anyone considering purchasing to rent to use an agent and carefully read:
* Buy to Let by Stuart Powers to get an overview
* The Which Guide to Renting & Letting to dip into specialist areas
From a business and due diligence point of view, there is little here that can't be found in any other text on property investment (in fact Rich Dads "Real Estate Riches: How to Become Rich Using Your Banker's Money" by De Roos is much better in this respect), but Fiona covers the post-acquisition activity of decoration and development much better than most. The use of photographs also makes this text stand out from the crowd.
While this text would not be the first text I would by on the subject, it a very useful addition to the library and fills a gap in the market very neatly.
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