Is it best to flog it and rent as unfurnished or rent as furnished?
I rent out a couple of properties, one I manage myself and one I manage through an agent. The one I manage through and agent is 200 miles from home, the other 20 miles away. I use an agent to find the tenant for the one I manage myself.
Furnihsed is better from an income tax perspective – yeh remember you have to declare than on your tax return. Wear and tear hasn’t ben too bad in my properties, I had one tenant in for 5 years and replaced most of the furnishings after he left but thats not bad going.
Other than sit back and enjoy someone else paying your mortgage.
Oh and as above I use Direct Line for Landlords insurance too.