Many rental houses are bought in areas that have a consistent supply of tenants and are rented out for much more than the cost of the mortgage.

For anyone starting employment for the first time renting a house is great option, however it’s not advisable to rent a house for the whole of your life time.

A drawback to renting a house is that you are usually stuck with any decisions made by the landlord.

A house rental will require regular maintenance and attention. Be prepared to use qualified professionals when needed.

The main disadvantage to renting a house is that the rent you pay goes to the owner of the property and nothing is for yourself is gained other than a place to live.

When renting a house find time to walk through the property with the landlord and make a written note of anything that looks out of order before signing a tenancy agreement.

Over time, a rental house is likely to increase in value and capital appreciation can be gained as well as a steady rental income.

Try to make your tenants feel at home, when renting a house it’s beneficial to have the tenants staying for as long a possible.

Before you rent a house make sure that your insurance covers your house as a rental.

Be aware that renting a house will not give you a license to do as you please. You must comply with your tenancy agreement.