Happy Valentine’s Day!

Valentine’s Day tends to divide opinion amongst most of us – if you’re in a happy couple then it can be a lovely opportunity to spend some time with the one you love, but if you’re single it tends to be a bit of a reminder that you are still single! However, all is not lost and even if you haven’t yet found the one for you then don’t despair – just feast your eyes over our Valentine’s guide on letting to couples!

A good starting point

A lot of landlords start off letting to young couples and it’s not a bad place to get into the buy-to-let property market. Younger professionals tend to have a bit of disposable income (as they’ve not yet got round to buying pushchairs and nappies!) and so well priced properties in good locations tend to be the most popular choice. These tend to be properties which will accumulate good capital growth over time and the increases in yield tend to be quite steep.

Fashion conscious and secure

Couples, firstly, tend to have a bit of an ideological view about the places they’d like to live and are making the most of trendy furniture and white walls before the children come along. This means your tenants are likely to look after your property well! Equally, younger couples don’t usually have the borrowing power or income of older families and they might well be inclined to stick around for three or four years in your property.

Break-ups

Unfortunately, couples do split up and as a landlord you do need to look out. Couples with joint incomes are frequently unable to pay the rent without each other so you need to come to a contractual agreement that states that both parties are still liable as individuals. Rent Guarantee Insurance can help you cover any shortfall.

A small flat or apartment suitable for a young couple could be a great Valentine’s Day investment and a great way to dip your toes in the buy-to-let property market. And, of course, whether you’re off for a romantic rendezvous or you’re just looking forward to a night in front of the Champions League, have a very happy Valentine’s Day from us here at Just Landlords!