November 4, 2008

If you rent out you need to know this

There is still a large interest in buy to let investments, even some people who have a second home and want to realise some income from it, but there are some things that a potential landlord should understand first.

Landlords have to pay for any repairs
If there is a problem, the landlord has to be available
The landlord is responsible for the financial figures

This should not put anyone off, after all, even in a market like this, there is the potential for a descent investment property to be purchased and rented out for an income. However, it is not just a matter of renting the property out, there are many rules and regulations which need to be obeyed otherwise the landlord could find themselves in trouble.

Source [Renting List]