Sometimes you can find yourself the manager of a rental property without meaning to do so. You might be helping out an older relative who is struggling to manage their own tenants. Or you might have a relative who wants to let their home to fund care home fees and needs someone to organise the whole thing. Or you may have inherited property, and have decided to let rather than sell.
Whatever route you take to becoming an ‘accidental landlord’, there are both benefits and pitfalls.
Without experience, the rental property maze can be overwhelming for a new landlord. So what do you do if you unexpectedly become a landlord and where can you turn for advice?
There’s a lot of talk about different kinds of marriage penalties in the tax code (when being legally married puts you at a disadvantage relative to...