My mother is now in a residential home, after a long period in hospital (as readers of another thread will be aware). As (if it'll co-operate with the idea), her cat will be rehoused tomorrow, her home will now be empty. At present, being self-financing, my mother's existing accounts can pay the home fees for about three years without selling the property. (I have no experience in buying or selling property, but do have an EPA authorising me to do so if necessary.)
While I'm inclined (path of least resistance) to leave the house empty for the time-being, renting it out is an option, and a friend of my mother's has expressed an interest. (Rental income would probably mean that her capital would be static rather than decreasing.) Do others have experience or advice they could share on this - I don't want to go into something that creates more problems that it solves - I feel like I've been through more than enough already
While I'm inclined (path of least resistance) to leave the house empty for the time-being, renting it out is an option, and a friend of my mother's has expressed an interest. (Rental income would probably mean that her capital would be static rather than decreasing.) Do others have experience or advice they could share on this - I don't want to go into something that creates more problems that it solves - I feel like I've been through more than enough already