OT - Renting Out Property
"tim....." wrote
Many thanks to all responders.
I think I've seen enough to put me off the idea.
My estimate of £500 may have been a little low.
However, having fallen foul in a way with Part P, the talk of tighter
regulation on rental property (under East Riding Council) makes my blood
run
cold.
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How's the holiday rental market there?
Total yields are much better, and tenants tend to be "better behaved", so
there isn't really much extra effort in running it (you can employ a local
cleaner for the weekly handover), though obviously there's extra
effort/cost in marketing plus the initial furnishing.
I'm not sure there is such a thing as a holiday let market around Hull!
Handy for the Humber Bridge, but that's about it.
Really would need to be heading north towards Beverley orYork for that to be
a realistic option I suspect.
Phil
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