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Saturday, October 05, 2013

Being a landlord without hassle

Is it possible to be a landlord and avoiding the hassle associated with having rental property and tenants? Well yes and there are several ways of doing this.

The first we have talked about before in the form of Private Sector Leasing.  This is where a landlord enters into a long-term lease with a local authority who then sub-leases the property to a tenant.  The local authority takes on the responsibility for letting the property along with all maintenance costs leaving the landlord with limited responsibilities.

An alternative is to invest in a retail bond from one of the many housing associations.  A2Dominion Housing Group is offering a unsecured bond paying 4.75% providing landlords with a regular income.  No hassle but equally no capital appreciation.  I'm guessing this is why us landlords endure.

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