Landlord News
Guy Martin owns a number of buy-to-let properties across the country. Last week, Jamie Simpson of iInsure365 sat down with him to find out more about his role & responsibilities as a landlord. Q: So Guy, tell us a little bit about yourself... A: I'm 55 years old, born in Liverpool, residing in nearby Chester with my wife Jackie and 3 kids. I have been in the property market for around 15 years, and have experienced first hand the rise and fall of the buy-to-let market. Q: How did you first enter the property industry? A: I had no experience prior to purchasing our first BTL property in 1999. My partner was eager for a change in career paths and we had inherited some money from her late partners. We took the plunge on a three bedroom house just five minutes from our own house. Today we own 11 properties, and are actively looking to purchase more. Q: What are your forecasts for the, firstly immediate future and longer term? A: I can't see rents falling any time soon. As ever, the property market was slow over the Christmas break but I can't see this lasting into February. With the economy recovery taking longer than expected I fully expect the trend of young professionals opting to rent continuing for many years. Q: What advice would you give to those looking to begin their buy-to-let adventure? A: Don't rush anything, owning and maintaining a rental property can be time consuming. Cutting corners with be detrimental in the long run though. If you don't have the time available, use a managing agent. Look after your tenants and they will look after you! Make sure you have the finance available and the correct insurance in place. We use iInsure365 for all our properties as they have remained the most efficient and competitively priced. I also recommend my friends who are landlords to them. Thank you for your time Guy. Are you a new or experienced landlord? Contact iInsure365 today for a competitive landlords insurance quotation on 01273 872090. Alternatively, do you know someone who is a landlord? Refer them to us and receive a £10 M&S Voucher if they take out a policy like Guy does.