Purchasing property as an investment vehicle for income purposes has been very popular in the past 15 years. Many people like property because you can touch it and see it, maybe even visit it now and then, not to mention the high gains that property has enjoyed in the recent past. Whilst letting property can be an ideal way of generating additional income, it does have complications and pitfalls which you should be aware of.
Although this article very much focuses on these pitfalls, property rental can be worthwhile and lucrative in certain circumstances and with the right property. Here are a few of the main issues to consider.