We can help you every step of the way
Investing in the buy-to-let market can seem daunting – especially if you’re buying your first rental property.
The team at Pink Mortar have more than 10 years’ experience of managing rental properties in Derby and we can guide you through the process from start to finish of what to buy and where to buy it.
We know the rental property market in Derbyshire and in other parts of the East Midlands like the backs of our hands and we’ll work with you to ensure you make the right decisions about all aspects of your investment.
We’ll guide you through the minefield of buying to let
Mistakes can be very costly in the buy-to-let market – which is why you need to speak to local experts with great local knowledge.
These landlords lost money – read why!
Landlord 1 had tenants on individual tenancies in a shared house and had them all moving in on different dates. This prevented him from letting the house to a group of students, making the administration and work four times more onerous. He also lost out on 9 months’ rent for one room as the agreement was out of sync with the other rooms and he couldn’t fill it once the tenant had left.
Landlord 2 obtained an assured shorthold tenancy from the internet. This was not effective or strong enough to retain the tenants when they wanted to leave. The landlord lost six months’ rent on the house.
Landlord 3 not only purchased a property in the wrong location in Derby for his target market, but he also mistimed the renovations and lost 10 months’ rent because he missed out on the student market.
Find out more about our buy-to-let landlord support