Inexperienced landlords advised to diversify portfolios

Property for Life says experienced property investors tend to diversify into different property types, tenant types and locations but this is often not the case for investors with less experience. David Austin, managing director of Property for Life, explains: “Typically, investors with a lower level of experience will make initial purchases close to home because they know the area and prefer to be able to keep an eye on the properties. “Novice investors predominantly purchase purpose built flats and favour one type of tenant.” By contrast, experienced investors will diversify on area, ...