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We all know that Canary Wharf, and the E14 area in general, is going through a period of unprecedented change right now, but are you actually finding it difficult to rent your property?
Whilst we have written this article with the E14 area at the forefront of our minds, we do believe it contains advice which is transferrable across different sets of market conditions and geographical areas.
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Decisions, decisions, decisions.
Life is full of them.
There are everyday ones like what to have for dinner.
Or slightly bigger ones including which box set to start watching.
And there are the really big choices such as who to settle down with or which career to pursue.
And while deciding which estate agent to sell or rent your property is a big decision it’s certainly not life or death, but it will have an influence on how successful your move is, or how profitable your rental investment is..
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With the high level of demand for rental properties in E14, it is easy to see why many people think that acting as a landlord will be a good way to generate income. If you have funds available to invest in property, or you have a satisfactory credit history and financial status that you can obtain a mortgage for property investment, acting as a landlord can provide you with a better lifestyle.
However, it is important to be aware that being a Landlord isn't easy. There is a difference between good Landlords and bad Landlords. Over time, good Landlords find that the process becomes simple and they can make good money without a lot of work and effort, but unfortunately, there are a lot of bad Landlords out there. Bad Landlords don't provide a good standard of service and expect to make money from little work or effort. In the long run, they lose out and often ending up in debt or losing out on a lot of money.
Being a Landlord is a good idea if you are committed, and here are some top tips on how you can achieve this: