Owning a rental property is an excellent investment. It is a great way to make extra income, and build your retirement. However, with every good thing, there can be ugly factors as well. If you find a great renter, then you may never run into any problems with the condition of the home. However, often those who rent are more likely to treat the house poorly as they have no obligation for keeping it nice.
The Financial Samaria, Sam Dogan, said about the emotional toll that having a renter can give you, “I make a self-assessment of where my stress comes from and how that matches up with my cash flow and assets. I found that most of my stress comes from managing rental property, yet my rental property wasn’t my top semi-passive income earner. Therefore, it wasn’t wise to be so weighted toward a rental property”.
If you find yourself left with only the walls of the house, then maybe you should consider a way to sell your damaged rental property in London.