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A good landlord who has taken some good buy-to-let advice will probably be making a tidy profit each month – but what is the best thing to do with this extra money?

Because mortgages are still hard to get hold of, and because house prices have stood up to the recession, many people are be forced to rent. So there is more rental income out there and more landlords are making money on their property investment. But what's the best thing to do with that money?

To know the best answer for your situation, you need to talk to a buy-to-let mortgage expert. They are experienced in managing money and making sure buy-to-let investments work as well as they can.

It might be that you should pay the money back into the mortgage, overpaying each month so as to reduce your debt. It might not be the best option for everyone, but it's a great way to reduce debt and improve your chances for a better mortgage in the future. It might even be prudent to invest into the property itself, improving and renovating it to make it more attractive to renters and to allow you to charge more rent.

Or it might be better to invest your money elsewhere. As well as knowing all there is to know about buy-to-let mortgages, a good adviser will also know about where the best investments are right now. It might be an ISA, an investment fund or even a pension – everyone is different and that's why you need expert advice.

Alternatively, it might be best for you to look to increasing your property portfolio. Again, it is not the right choice for everyone but a good adviser will know whether it would benefit you to invest in another property and step up your rental business into the next gear.

To keep up with the latest News and comment on the UK buy to let market visit the Buy to Let Mortgage Blog