With so many people entering the Buy to let market in the UK, Ireland, France, Spain and other countries it is very important get the rental price competitive. This applies just as much if it is a long-term letting or a self-catering holiday rental.

If you have just purchased a residential letting property and have a mortgage you naturally have to cover the payments, but regardless of a mortgage to service, if your property is over priced renters will not pay a higher price. The only time when this can happen is when there is a small supply of property and big demand for that that type of letting.

In the UK a tenant will still have to pay gas, electricity, water, Council tax, telephone and insurance on top of the monthly rent. In other words a rental of