The prime motive behind investing in a residential property is capital appreciation and, so, it’s a bit unwise to keep it vacant having taken possession of the same. While residential property rentals are low, typically around 4-6 per cent (pre-tax), it, however, does not mean that you should not let out your property. After all, rentals not only add to your overall return from the investment, but a steady flow of rentals can also be used to take care of the equated monthly instalments (EMIs) of your property, at least, even, partially.
In case, you have bought the house without any mortgage, the rentals can be used for the maintenance of the property. But to get a steady flow of rentals, besides the condition of the property, you have to keep in mind the kind of tenant to whom you have let out your property.