Helping new Dartford Property investors to choose the right investment

Over the past few months we have delivered our printed Dartford Property Report newsletters to various property landlords, investors, solicitors and accountants as well as householders within the Dartford area.

The Dartford Property Report newsletters explain a little about the current Rental market in Dartford and offer an advice line, for any potential investors, should anyone have any questions.

In this edition I would like to explain what we are doing for a few "new" property investors who are looking to safeguard their future by investing in property rather than leaving their money in a bank account offering very little in the way of returns.

Discussions have been taking place over the past few weeks with our new investors and a confidential chat between them and our mortgage expert have enabled them to not only obtain a Buy To Let (BTL) mortgage, but pay less on the "household" mortgage and BTL mortgage combined, than they were paying just for their main residence!!   The interest rates are really offering an amazing opportunity at the moment, and offering unequalled opportunities to start on the property ladder without breaking the bank.

The biggest challenge is deciding which type of property to purchase for the rental market. A lot of this is dictated by the available budget obviously, and a property in the right location, will rarely fail to deliver a good rental yield and strong resale value should you decide to sell the property.

We are happy to advise our clients on the available properties that are in their price range with the local agents and even accompany them to viewings to establish any potential concerns and any works that would need to be undertaken to achieve the best rental income.

Virotti also advise the landlords on the items that they need to provide for their tenants such as white goods, and organise all of the obligatory certificates such as the Energy Performance Certificate (EPC) if required and the Gas Safe Certificate for Gas appliances, as well as providing a Carbon Monoxide detector for the property (soon to be law).

Once a property has been found and purchased, Virotti will source suitable professional tenants, ensure that they are fully reference checked and get them moved into the property with no headaches or hassle for the landlord; ensuring that their rental payments are flowing into their accounts as quickly as is possible.

Virotti will regularly keep in contact with each properties tenant and visit the property to ensure that the property is being looked after as it should and to carry out repairs or maintenance on any small issues before they get a chance to become big issues.

A 24 Hour emergency contact number is given to all of our Rental properties, so that whenever a problem arises, it is repaired as soon as practicable, usually at no cost to the landlord* !! If your already a landlord and your current agent does not provide this service, maybe you should contact Virotti for a chat?

As ever, if you have any questions relating to the local Property market, feel free to pick up the phone or e mail me and I will be happy to discuss things with you.

Virotti MD  Mark Salter