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“The relationship between landlords and renters is often presented as inherently challenging and dysfunctional, but as our research shows, this simply isn’t the case. Most private renters actually have a positive relationship with their landlord,” said Head of Mortgages at Aldermore, Jon Cooper.

But what about the other side of the coin? Investors should also consider how they feel about potential tenants.

When selecting a tenant, a landlord should prioritise several key factors.

Financial stability is crucial; a tenant should have a reliable income to ensure timely rent payments. A clean rental history, with no prior evictions or significant property damage, is equally vital.

Background and credit checks help assess reliability and trustworthiness, as well as a reliable guarantor, to ensure you limit potential void periods.

Communication skills and responsiveness are indicators of a tenant’s responsibility and ability to address issues promptly.

Additionally, references from previous landlords can provide valuable insights into the tenant’s behaviour and reliability.

Again, if you go through a lettings management company, a lot of these things will be taken care of. This will ensure landlords can focus on building a property portfolio further rather than dealing with the tenant search and putting off their investment strategy. Why not learn more about what is the safest investment in the property sector in 2024.

Discover more property investment research with our handy buy-to-let area guides, including:



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