We have a couple of buy to lets and they can be a nightmare..
Worst case is your house gets trashed every six months, it takes time to clean costs a fortune to re carpet and You struggle to get the rent from your tenant. My last tenant and her stinking dog smashed my cooker, and made a right mess. The damage she did cost me around a grand to fix thats not including the time the house was out of action.
My advice would be think long and hard about it, if your soft tenants take the pee, and if you accept Dhss they pay directly to the tenants and it takes 8 weeks of non payment to get paid direct. on the other hand buying while prices are at there lowest will yield the best long therm profits.
Buying a house to let... Current climate
We have a couple of buy to lets and they can be a nightmare..Posted 4 years ago #
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