Investing in Irish property can deliver strong inflation-beating returns if executed prudently. 

This guide sets out 10 key tips for maximising rental income and capital growth based on decades of local market experience. Follow this practical advice whether starting or expanding your portfolio.

Research Thoroughly and Buy Below Market Value

Conduct rigorous due diligence assessing rental demand drivers and historic price patterns in neighbourhoods of interest. Seek out below-market-value properties needing modernisation using a network of experienced agents. Cosmetic upgrades can dramatically lift capital values.

Favour Newer Apartment Developments

Modern, high-quality apartment blocks in urban areas tend to achieve the greatest rental demand from young professionals given their location and amenities. Focus search on projects built over the last five years close to major employers.

Consider Investing Outside of Dublin

While the capital has seen the strongest price growth, low supply and rising populations around other cities like Cork, Limerick and Galway now produce superior rental returns. Offering relative value compared to Dublin.

Leverage Government Incentives

First-time buyers may qualify for Help-to-Buy and First Home schemes, allowing investors to charge rent premiums on comparable properties. Restrictions on buying former rental properties open opportunities.

Keep Costs Down With Good Management

Minimise expenses through preventative maintenance programs lowering voids between tenancies. Strict tenant vetting is also vital to reduce legal eviction costs over the long term. Always consider using a veteran property management company, this will invariably reduce costs and stop mistakes.

Offset Higher Financing Costs With Higher Rents

Target minimum 8% gross rental yields even in low-yield locations by buying well under market value. Only consider properties with decent existing rents having the potential for further increases.

Consider Potential Tax Changes

While unexpected tax increases could affect net yields, strong political pressure makes sweeping landlord tax hikes unlikely in the near term. More gradual change is expected.

Maintain Adequate Cost Buffers

Keep a minimum of 15% of gross rental income as a contingency fund. Allows ability to absorb rising property management fees, repair bills, periods of vacancy etc without financial stress.

Monitor Market Cycles

While fundamentals are positive, Ireland’s property market remains cyclical. Plan holdings around a 5-10 year timeline allowing the ability to weather downturns while benefiting from long-term appreciation.

Review Portfolio Diversification

As the portfolio grows reassess geographic and asset type weightings. Ensure not overexposed to any one neighbourhood or property category thereby minimising risk.

Quality Property Management in Dublin

For over 25 years, KPM Group has provided specialist property management for landlords across Dublin and Ireland.

Our hands-on approach covers everything from advertising vacancies and conducting viewings, to comprehensively vetting tenant applicants, rent collection, maintenance coordination, and ensuring full legal/regulatory compliance.

Whether you’re an experienced landlord or just starting out, KPM Group has the expertise to optimise your investment property and generate maximum returns even in today’s rising rate environment.

Contact us today to learn more about our end-to-end property management services. Our dedicated team is ready to provide the support you need to successfully navigate Ireland’s evolving rental market as a landlord.