Rental investors urged to carry out research

Date added: 4th September, 2008 at 10:00 (view all articles from September, 2008)

Categories: Property News

Overseas property investors have been encouraged to consider various practical issues before letting out their home.

According to Holiday-Rentals, second home owners need to make sure they understand all the legal aspects of becoming a buy-to-let landlord.

For example, it stated that people need to be familiar with issues such as taxation laws, as they will need to declare any rental income.

In addition, the organisation said people need to advertise their residence to prospective tenants, either on their own website or another online portal.

Sarah Chambers, spokesperson for Holiday-Rentals, commented: "You need to advertise somewhere where you'll definitely be seen with great photos and descriptions of every room."

Speaking to the Independent, she added that it would also be a good idea to promote other aspects of the house, such as the facilities it offers and views of the surrounding area.

This comes after research by the Property Investor show revealed that 25 per cent of investment buyers in Britain plan to purchase a house in another country this year.

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