There’s a common misconception that owning property is the key to an easy life. Surely, it’s just a case of getting a tenant in there, then sitting back and watching the cash roll into your bank account every month? Well, if you’ve been in the business a little while, you’ll know that quite often isn’t the case.
Buying a property to rent out can be a fantastic business proposition if you have some cash spare and you’re looking for something that’s a fairly risk free option. Before you rush into anything though, it pays to do your research and know exactly what it takes to be a successful landlord.