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How much would I make from £1100 rent?

26 replies

mymonkeymycircus · 12/01/2023 23:14

Due to circumstances we have the opportunity to rent out a mortgage free property we own.

We'd do this through an agency.

Would charge about £1100 a month

How much realistically after agent fees, tax, other expenses would we actually get?

Is £800 unrealistic?

Any advice helpful

OP posts:
Turmerictolly · 02/02/2023 22:12

Don't rely on an agent to manage it - you need to oversee the legalities with a fine tooth comb as the buck stops with you if there are issues down the line. Look ahead to the tenancy legislation changes coming in soon. You won't make a lot of money and may well lose money unfortunately. I'd look into stocks and shares instead also.

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