We have recently moved house and have kept our old property. We now have to decide whether to rent the property or sell it.
We are really struggling to come to a decision on how to move forward and would like some advice from anyone who rents out property...
- How time consuming is it?
- what are the main pitfalls ?
Our main concerns are
1) Maintaining the property as it is a 1930s semi - cost & time.
2) Time/hassle to manage property - we will use agent
3) In the long run will it be financially worth it given the property is not in london and is fairly old so expect fair amount of repair bills over the long term.
Would be better for us to sell this property and buy a modern flat instead or invest in stocks/shares maybe ?
For a bit of context DH has a very demanding job with little spare time and I have some time although not masses as I have two children 5&2.
Thanks in advance !