Buy-to-Let

With the Mortgage situation being less than ideal for the average homeowner, the Buy-to-Let situation is quite dynamic. It's kind of a catch 22. With demand for rental accommodations increasing as home ownership becomes less desirable, the opportunity for generating revenue using the Buy-to-Let model is tempting for many people. I personally would only recommend this strategy if your main expertise and enterprise can be put to use with regard to maintaining or adding value to the rental property. The rates and the real estate market make it so you can't be guaranteed a profit if you have to hire another business to maintain your rental property.

If you are considering a Buy-to-Let scheme with regard to a property in a resort area, you are entering the realm of high risk investment. Financing the purchase of a property that will be used for short lets can pay off if you have a high occupancy rate and you are able to charge high rental fees. Setting the right rental fee is both an art and a science. You should do a lot of market research. Pricing yourself out of the market is suicide. Going down market can mean playing host to rowdy school kids who consider a damage deposit some kind of challenge.