Experienced landlord and buy-to-let guru
Phil Spencer provides advice. Here are a
few "don'ts" from Phil for successful
property investment: |
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 | Don't buy something just because
you like it. |
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| Don't rely solely on capital growth. |
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| Don't buy in a block stuffed full of other investors; tenants will have lots of choice and be able to negotiate lower rents. |
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| Don't forget to factor in the costs of management, maintenance and furniture. |
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| Don't think being a successful landlord is easy. Three major factors – area, property type and attractiveness to tenants – all need equal attention. |
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