We're intending on renting out our current property when we buy our new house (fingers crossed in before Christmas!) and have sorted out the mortgage on both, but what else do we need to do before we rent it out ?
Lots of thoughts running round in my head, so apologies the number of questions!
The current plan is to use an agency for the first 12m and then take it over ourselves, as the agency should (?) tell us what safety checks etc we need and what level of rent to charge. Is this realistic ?
Would anyone recommend letting to friends of friends ? We've had a family tell us they'd love to rent it, and they seem like reasonable people, but we will probably see them socially over the next few years - how awkward is it to do this ?
Any tips on who is good for landlord insurance ? We'll have to decorate as it's a bit lived in, but is it worth doing a deep clean before tenants move in ?
Anything else I've forgotten ?
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First time landlord - help please on the basics!
5 replies
PervyMuskrat · 01/11/2012 21:16
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