Deciding to rent out your second home can be a smart financial move, offering a stream of passive income and potentially covering the costs associated with owning the property. However, before you leap into the role of a landlord, it’s essential to understand the responsibilities, legal requirements, and practicalities involved. This guide will walk you through the critical aspects you should consider, ensuring you make informed decisions that align with your financial goals and legal obligations.
Thinking of renting out your property? Things to consider
Buying, selling and renting is not always straight forward is it. There is a reason that moving house is considered to be one of the most stressful life events a person can go through…it’s tough, complicated, often unpredictable, and involves some complex decisions and processes.