6 Tips for Starting Your?Property Portfolio

Starting a property portfolio can change your life.?

An evergreen market that has withstood the test of time, there are few asset classes out there that have shown to be more profitable in the long-term than property. With a good portfolio, you stand to make a sizeable monthly income with the potential to see it grow exponentially in value over time. To help you get started, here are Bancroft Property’s six top tips when starting out to build a property portfolio:?

1. What are you looking for??

Buy-to-let property has two strong benefits: the monthly income you gain from it and the profit you can potentially make if you decide to sell. As you begin your portfolio, it’s best to consider which one of these you value more for your personal situation, or if it’s a mix of both. Knowing your goals will help you focus your search for the right property.

2. Space it out

If you have the means, your property portfolio can be as big and diverse as you like. However, everyone has to start somewhere, and the best way to get a feel for the market and property investment in general is to invest in just one property and build up from there.

3. Go low

People don’t put their properties up for sale if they don’t want to sell, and if you play your cards right, you could catch a bargain. Many vendors will part ways with their property for offers below asking price. The worst that can happen is you get turned down, but it doesn’t hurt to ask. Consider consulting an experienced investment agent (like Bancroft Property) with access to exclusive discounted deals that aren’t available to the general public. Their ability to sell lots of units to investors quickly and discretely can usually enable them to negotiate deals that wouldn’t otherwise be available.

4. Watch your money

It may seem obvious, but if you’re new to property investment and looking to start your first portfolio, you need to keep an eye on the numbers. The property market varies and it’s important to check that your investments are still viable – this information can also help you to know when it’s the right time to sell.

5. Don’t forget about the tenants

Making sure that your tenants are happy is the secret to a successful portfolio. If your tenants are satisfied with their accommodation, tenancy lengths will be longer and void periods will be shorter. You can ensure a great service is provided to your tenants without doing any of the hard work yourself by using a management company, like Beyond Property to manage your investment on your behalf. This frees up precious time for you to concentrate on other things.

6. Spoil the ending

Before you start your portfolio, you need to look ahead and think about your exit strategy (if you want one). By being aware of your end goals before you start, such as liquidating your assets or keeping hold of them to secure a retirement income, you can make more informed decisions now before you start to grow your portfolio.

If you’d like to find out more about starting your portfolio or investing in property, our experts would be happy to guide you through any questions you may have. Call us on 0161 456 4000, or email

?[email protected] today.