Ilovedogs22
I'm not sure I agree with people buying- up property to rent out! When we were selling our little terrace a while ago a load of nun's came a calling, wanting to potentially buy said house to rent -out to the university students up the road. It just seemed odd / un-christian even, to want to make money out of people's basic human need for shelter. 🤔
The student weren't going to buy it because they would only be there for a short time and they wouldn't have any money anyway.
The students needed somewhere to live whilst they are studying; Halls of Residence are often only available to first year students.
As people have a basic human need for shelter what did you do?
Friends bought a house on a loan because they knew they would not have pensions apart from the State Pension. They rented it to their DD until she moved away, then rented it out to someone they knew through work who was desperate for accommodation. He wrecked the place. They had trouble getting him out and the cost of repairs was enormous.
Now they rent it through an agency but the red tape and bureaucracy, not to mention the cost of the agent, makes them wonder if it is worthwhile.