8 Dec

Buy-to-let requires hard work but offers long-term rewards, says expert

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.
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