RobM
55 years as a supporter!⭐
Hi all, I am considering buying a flat (brand new) to rent out. 1 or 2 bed in Corringham (choice of bed's may be available).
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What are the pitfalls of said idea? :unsure: It would be a 'cash' purchase so no mortgage to worry about. What would be a reasonable rent to charge? I would think about £550 a month for 1 bed, £650 a month for 2 bed.
How would I get a potential tenant 'screened' (sorry, can't think of a better word). Obviously I don't want the place wrecked. I live just a few yards from the development.
Thanks for any help.
'
What are the pitfalls of said idea? :unsure: It would be a 'cash' purchase so no mortgage to worry about. What would be a reasonable rent to charge? I would think about £550 a month for 1 bed, £650 a month for 2 bed.
How would I get a potential tenant 'screened' (sorry, can't think of a better word). Obviously I don't want the place wrecked. I live just a few yards from the development.
Thanks for any help.
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