If you’re planning on growing your property portfolio this year, the one action you will have to diarise is regular viewings.

Creating a system so that you regularly contact agents and vendors, organise viewings and follow-up is key to your actions if you’re going to find deals.

Create a spreadsheet with three tabs at the bottom – one for each area that you’re analysing. Better to analyse a postcode area than just a general town/ city wide area.

Within the spreadsheet create 9 rows…

1. Average price of property sold in the last 12 months
2. Population size & growth
3. Large employers in area
4. Growth plans and development
5. Transport links
6. Spare room average rental income
7. Number of tenants looking for rooms
8. Number of rooms available
9. Views from local lettings and estate agents about HMO demand