What market opportunities genuinely exist?
The market opportunities are vast – enormous – behemoth – colossal. Remember the old adage ‘it takes all types’, well never more so than when servicing tenants. There is a vast range of tenants looking for homes. Some tenants are as rich as Croesus, some are very poor, and most fall somewhere in between. The ultimate determinant for landlords and tenants alike is money. Therefore learning to crunch your numbers with reasonable accuracy is essential. This is a customer business. And that’s the only consideration that matters – because the only way to make money in the let property game is to have a good supply of them. That way the worst that can happen is that tenants will – over time purchase a building for you! Not a bad premise. (And if this isn’t your first premise you should be looking at the other, equally valid, investment types of property speculation/development, which are quicker but riskier.
