Where/how do you look/reference for DSS Tenants

cem

thanks for answering my questions! Most appreciated.

silvercar wrote: »

3. Forget the LHA rate, you are looking for the market rent. Provided you are not going over the market rent, the tenants will know what LHA they can get and what top-up they will need to fund.

So how would you play it, draw up the AST at the LHA rate? Tenant deals with rest (obviously you help if they need it)

silvercar wrote: »

All presuming you are running a business not a charity.

Bingo!

robpw2

cem wrote: »

thanks for answering my questions! Most appreciated.



So how would you play it, draw up the AST at the LHA rate? Tenant deals with rest (obviously you help if they need it)



Bingo!

the lha rate depends on rooms - area etc
so lha rate can be from £50 a week up wards
you would need to look at other properties in area to get the market value .
you do not draw up the ast at lha rate you draw it up at the rental rate

ie.

rent =£595
LHA 2 room rate = 540 (135 *4 weeks)
meanin the tenant has to fork out £55

you still get £595


or 595 rent
lha=610
you still get £595 tenant gets to keep £15 towards bills etc

robpw2

cem wrote: »

Finally when you run a business, the idea is that you make money..right? robpw2? Moreover it is the council paying the full rent on T's behalf not the Tenant (in most cases)..you would hardly be putting T out of pocket. rant over

yes business are about making money but you will not find tenanats if your charging rediculous amounts for a property and the tenants cannot afford

in my area the lha is about £400 for two bed places but rents are about 500-750 dependin on place

so we still would have to fork out £195

but the same being if you rent your house out at lha rate in my area then you would probably not make alot of money !

so whilst i can see your point if you are generally wantin to run a business then you would need to do more research than just checkin the lha rate

gb11_2

Cem - to answer your questions

When renting out:

1 - Where do you look/advertise for your DSS tenants?
I speak to the housing department of the local council and they will refer potential tenants to me. Usually takes between a couple of days and a couple of weeks to get tenants

2 - How do you check/reference them ? (persumably its a different process if its a professional tenant?)
Not so easy but go on gut feeling, do they have parental support (most of my tenants are young mums), do they have a guarantor, why are they moving from their present address - that sort of thing

3 - Do you find it straight forward to get the LHA rate (https://lha-direct.therentservice.go...hType=PostCode)
Yes, no trouble at all for people who qualify for full LHA