It needs to be a considered process and you need to understand what it entails before jumping in. Becoming a landlord is not as easy as putting your money in the bank – after all, your bank manager won't ring you in the middle of the night asking you to fix the boiler – so you need to be prepared for hassle and hard work.That said, the rental yields can be worth it, particularly if you pick the right area. Knight Frank reported this week that student property could be particularly lucrative, with total returns hitting an average of 13.5pc. However, the national average, according to LSL Property Services, is a more prosaic 4.5pc, which you may not consider worth the stress.
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