Build your Property Portfolio

Invest in property, and make your portfolio work for you

Where should you invest?

Is it time to build-up your portfolio, but you’re unsure as to where and/or what you should invest in to make your money work harder?

Then Mclarens are here to support you. As Dorking-based estate agents covering Surrey towns including Leatherhead, Reigate, Redhill and Tadworth, there is a hotbed of investment opportunities available.

Develop your property-investment know-how and get savvy with your investment by finding the hidden hotspots throughout Surrey for those families, commuters and couples seeking a property-to-let.

Here’s some top Mclarens Lettings tips to help you successfully build your property portfolio:

Know what you want to achieve

A great plan begins with an end goal, what do you want to achieve? Once you have decided what your version of success looks like, it will help you (and the team of Mclarens) get there. Is your aim short-term, or longer term? Do you plan to make a living from your property portfolio, or are you planning on using it as a stop-gap to help you make more from your money quickly?

Take the logical steps

Building a property portfolio takes time, you can’t immediately have the portfolio of your dreams, so you have to build it step by step, brick by brick. Invest at the right time, and start small. One bed flats are a great start to investing in property, then you can build-up your portfolio from there.

How much can you afford to invest?

Budgeting when building a property portfolio is crucial, so as a property investor, where it makes sense, be prepared to make a lower than asking price offer. You will need to ensure monthly outgoings don’t exceed your property income. You will also need to have the budget set aside to ensure your invested homes are liveable, with an emergency pot readily available when needed.

Ensure you have a contingency plan in place

Speaking of having a readily available “emergency pot”, we all know that the unexpected can happen. Should the unexpected happen to you, are you prepared? Here at Mclarens Lettings, we are on-hand to help you prepare you contingency planning.

A happy tenant equals a happy landlord

A well-looked after tenant, with a homely, liveable home, and with faith that when reporting property issues, they will be dealt with in a suitable timely manner. That’s where Mclarens Lettings can support you, providing you with the technology to connect your tenants with quick and easy reporting. A happy tenant will provide you with longevity behind your investment, supported by the property management services from Mclarens Lettings.

Whether you are new to property investment, or have a built-up portfolio, the team at Mclarens Lettings can help you.

Book an appraisal today, or contact us to find out more about the services we offer.