6 questions to ask your local letting agent for the most accurate area research

I hope you found my last post useful. I talked about the 9 things you should never miss in high level desktop research into your investing area.

Let’s go one step further in this post, where I want to share with you one of the most important elements of field research – Speaking With Local Letting Agents.


Local letting agents is the starting point of your field research and local information hub. If they have been in business for a few years, they should know the areas pretty well.


I’ve shortlisted 6 questions below you should ask the local letting agent. This will allow you to quickly identify you opportunities in the area.
 

1. What are the best rental areas?

2. What is the most demanded property type in each ‘best rental area’? (Terraced, flat, detached etc.)

3. What rent can you achieve for the most demanded property type?

4. What is the typical tenant profile for each ‘best rental area’?

5. What’s their preferred spec of the rental properties? (Furnished vs unfurnished, modern vs old school etc.)

6. What are the area/streets to avoid?

Always do your desktop and field research hand in hand. Use the tools I shared in the last email (Rightmove/Zoopla/Google for high level, PropertyData for more details) along with local letting agents, to create a full picture of your potential investing area.

Oh – and give yourself a deadline :)

Emma

*I can give you the step-by-step action points you need to take, to build an extra £2000/month income through property within 6-12 months – CLICK HERE to book a free strategy session with me.