Top positive review
97 people found this helpful
You don't need any other buy to let book just this one!
on 24 April 2009
This book is absolutely brilliant. It does say that if you use an agent to manage the rent for you, you must also check the references yourself on the tenant they have for you. Ie telephone their employer, contact the last place where they lived and you can check this on the Land registry for £3. It says do a credit check that costs £15.
It also mentions the people who dress smart say all the right may be professional con people who do this all the time and they no their rights once they are in your property. It says in the book never let anyone into the property without getting the full deposit and 1st month's rent first, any one who makes excuses why they can't give you the money upfront is probably going to rip you off(don't take a cheque it has to be cash). It also says that 98% do pay their rents there is only 2% that don't but you always hear about the 2% that don't. After reading this book I would probably not go through an agency as they will not be as thorough in the checks that you would do. It lists all things you need to do etc and give's you sample letters, sample advert's, where to advertise, It gives you a house guide to give to the tenant when they first move in telling them where the stop value is, emergency numbers on plumbers etc. It tells you to take photos of the house before so they can't disagree when you charge them for something that is broken when they leave, it tells you how to evict a bad tenant and a copy of the Assured Tenantacy agreement you get them to sign etc. What tax to pay. It includes everything you need to know about renting. I thought I would need to read at least 5 books on the subject but this covers absolutely everything.