I will be letting my property for the first time this year and am worried about the state of the rental market, especially for me as a new landlord.
A: Listing your property at the right price will be crucial. To do this, you need to calculate your yields properly by working out your bond repayments, levies, taxes and rental agency fees and then, if possible, add a buffer of about 12% on to these costs for unexpected expenses, such as maintenance emergencies and vacancies. Landlords will also need to determine if this price is within range of the current market rental value of their properties. – Ben Shaw, chief executive of HouseME
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