Lifestyle Buyers Advised To Rent Out Homes

People who have bought a second home overseas have been advised to consider the possibility of letting it out to visitors.According to Greg Grant of Holiday-Rentals, many overseas property owners are people who have bought a residence for their own personal use.However, the ongoing economic decline in the UK has meant that a growing number of people have become financially stretched, including those who own a second home abroad.This has prompted Mr Grant to suggest that people ease their financial burdens by using their property to generate money.Speaking to the Telegraph, he commented: "Those who have previously kept their homes to themselves may begin renting out to maximise income in these tighter times."Mr Grant added that the rental yields collected in a single month could cover the cost of maintaining a home throughout a full year.