8
Dec
Buy-to-let requires hard work but offers long-term rewards, says
expert
Those investing in buy-to-let now have to work harder than ever
before but can gain considerable rewards over the long term if they
do, an expert has stated.
Editor at LandlordZONE Tom Entwistle told a seminar at the recent
Landlord and Buy-to-let Show in Birmingham that as well as being a
long-term commitment, being a landlord is not an "armchair"
business, with new rules and regulations requiring investors to do
more work than before.
He stated: "It's something you've got to work at and is rather like
running a business, especially if you are going to manage your own
properties."
Mr Entwistle added that buy-to-let remains "a very good business to
be in" over the long-term because of its potential to provide
income over an extended period of time.
The most recent quarterly survey of the Association of Residential
Letting Agents found that the average tenancy lasts 16.7
months.
