I have a third share in a property… but i am planning to hand over my share to my mum so she can live in and have this property to herself. In turn she will hand me a property entirely to my name… either I sell it in the future and me and my partner get a new house… or I rent the property out and it be part of my income if I can’t work in the future… i think i will do the latter…
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Sounds like a great strategy. I also rent out a student flat to supplement my disability income. Does take some work.
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There is not too much work if you get an estate agent to do all the work. they take a small fee, but they do most of the rest.
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I prefer doing it myself. Because if a realtor manages a property Here they charge 2 months of rent a year, which I find to be expensive.
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That’s a lot. Ours charges around 12% of the monthly rental…
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