This is a good reason why a local letting agent can be extremely useful. It is essential to fix rates realistically: in line with other properties in the area of a similar type and value. One factor is always worth remembering: it is better to have a low rental yield than none at all. One of the greatest potential pitfalls of buying to let is periods when your property is vacant, although at some points (such as between tenants and during periods of refurbishment) these may be necessary.
Rental rates can also be subject to fluctuations depending on the time of year. For instance, the end of the summer is traditionally a peak period as graduates move into new dwellings, families settle before sending children to school and students look for accommodation.