My experience of renting in the UK is from the 70s and I've never been a landlord there, so I can't add much directly to the discussion. I did think about renting my UK house out when I moved abroad but the regulations and stories of "tenants from ****" put me off.
However, I am a landlord where I live now and my experiences might be if some use/interest to anyone looking a bit further afield for investment opportunities.
Property here in Bulgaria is cheap, particularly in rural areas. There's more rental potential in the cities; either houses (mostly aimed at foreigners) or apartments for both foreigners and locals. The regulations are very relaxed - often to the point of non-existence - and getting tenants out if needed is a simple and quick process. Most tenants are fine - the only real problems we've had have been with foreigners, so we only rent to locals nowadays. The tax rate is low, and you can form a company if you want to reduce it even further.
The normal procedure is an annual and renewable contract, with one month's notice either side.
For those put off by the rules and regulations in the UK, it may be worth looking across the Channel!
However, I am a landlord where I live now and my experiences might be if some use/interest to anyone looking a bit further afield for investment opportunities.
Property here in Bulgaria is cheap, particularly in rural areas. There's more rental potential in the cities; either houses (mostly aimed at foreigners) or apartments for both foreigners and locals. The regulations are very relaxed - often to the point of non-existence - and getting tenants out if needed is a simple and quick process. Most tenants are fine - the only real problems we've had have been with foreigners, so we only rent to locals nowadays. The tax rate is low, and you can form a company if you want to reduce it even further.
The normal procedure is an annual and renewable contract, with one month's notice either side.
For those put off by the rules and regulations in the UK, it may be worth looking across the Channel!