RENTING OUT PROPERTY IN CARDIFF
Did you know that Cardiff is rated 3rd in the country for Rental Returns and is considered an up and coming and thriving Capital. That, together with a predominant tendency now for ‘Millenials’, ie. those born in this century, to Rent rather than Buy, makes it a good time to be a Landlord. A word of caution though, keep in mind the importance of having a sound Tenant and a good Letting Agent, to avoid the pitfalls of arrears and the mis-use of the property. If you need illustrations of the cost of not getting this right, there are several programmes on TV, such as ‘Bad Tenants and Rogue Landlords’ on Channel 5, or ‘Can’t Pay or we will take it away, also on Channel 5, to illustrate this point strongly.