Best Questions to Ask an Estate Agent as a Buy-to-Let Investor
Smart Questions Every Buy-to-Let Investor Should Ask an Estate Agent
When you are investing in property to rent out, the right questions can reveal the true potential and pitfalls of a deal. Whether you are eyeing your first rental or adding to your portfolio, here is how to dig deeper with your estate agent.
š§¾ Is the Property Freehold or Leasehold?
Freehold means you own the building and the land.
Leasehold means you own the property for a set term but not the land, and may face ground rent or service charges.
šļø Has the Property Been Let Before? What is the Rental Demand Like?
Ask about previous tenants, rental rates, and how long it took to fill vacancies.
Find out what type of renters are common in the areaāstudents, professionals, families?
š What is the Expected Rental Yield?
Ask for estimated rental income and compare it to the asking price.
Request examples of similar properties nearby and their performance.
š Are There Any Letting Restrictions or Licensing Requirements?
Some councils require landlord licenses or impose limits on HMOs (Houses in Multiple Occupation).
Check for any local rules that could affect how you rent the property.