Sell or rent?
Hi all,
Having moved in with my girlfriend a couple of years ago, I rented out my leasehold 2 bed 2 bath flat for about a year and a half up until end of last year. I had various issues during the rental such as a small fire caused by the tenant (some how they got the majority of their deposit awarded back to them despite taking many of my items with them and causing lots of other damage....). I decided to try and sell but after a 25k price drop down to what i paid for it 10 years ago, still not getting much interest after 4 to 5 months.
I'm semi reluctant to rent it out again due to the issues experienced previously and the new landlord reforms (especially being tied in for 12 months before selling 'freely'). Can any more experienced landlords advise yet on whether I was just unlucky with the previous rental?
In my situation would you just keep it vacant and listed or rent it out?
Thanks