All those who were considering entering the rental market by purchasing a buy to let property and securing landlord insurance should be extremely pleased to learn that it has been claimed that 2011 is a great time to purchase a property as a solid investment.

The Daily Mail has reported that incredibly high rental demand has meant all those with a lot of ready financial resources have the great opportunity to seize a bargain residence with which to begin their time as a landlord.

However, there has been a warning issued that prospective landlords must be fully aware of the substantial risks involved, observing that a great many individuals suffered significant financial losses when property prices fell in the wake of the last boom in the housing market.

Kate Faulkner, who works for housing advice site designsonproperty.co.uk remarked to the newspaper: “This will be a good year to become a landlord.”

Ms Faulkner continued that fluctuations in regional house prices mean that people must be sure to pick their properties with due caution, advising them to discuss the properties with the best letting agents in each area so as to gauge which type of flats or houses tenants are interested in within the region.

The comments follow those of Tom Entwistle, director at LandlordZONE, who recently made predictions that Britain’s ongoing economic struggles will continue to support rental property demand.

Landlord insurance holders are reminded to check their insurance policies are updated and provide strong cover.