Renting References + Self Employed?

tizhimi

I'm self employed and own a LLP, as with all SE people my income varies. Such is life, if a LL doesn't want to accept your money that's their problem, not yours. If they are daft enough to turn down income in a ressession I would be most suprised.

I have only rented off landlords that do not require you to jump through the hoops, mostly on the principle of the matter- out of 7 years of renting its bitten me in the bottom once... the other landlords have been fine.

Caroline73_2

If you are a Ltd company you surely have an accountant?

gmarno

Caroline73 wrote: »

If you are a Ltd company you surely have an accountant?

Why? I submit my accounts every year as required, and I don't have a high enough turnover to warrant the expense for something I can easily do myself.

gmarno

Thanks for your replies. It's nice to know that there are agents and LL's out there who will accept that SE people aren't any worse or better than people with 9-5 jobs.

Basically, I'm not going to grovel to a potential agent or LL, no matter how good the house is. Showing company accounts, giving them copies of my bank statements etc seems pretty over the top to me. I understand they are taking a chance, but then so am I

Tassotti

Thats true gmarno

Meet a few local LLs...You will get to know the good from the bad.... Some will understand your situation, and give you the benefit of the doubt , some won't, negotiate with the ones in your favour!!

tizhimi

Yep, the nicest landlord was the one who was a muppet and didn't understand the legal side of renting and obligations on his part... (but I won't rant) just make sure you sign a decent contract - and if your not happy with them or the contract, don't sign it.

Its daft because someone retired I know had just sold a £800,000 house and were waiting to move into their new house and had to rent for two months in between... made me giggle when they were told they needed garennators who were working (surely a working person could just go spend their wage!?)

tizhimi

Tassotti wrote: »

Agreed some LLs are muppetts..

No LL will let for 2 months..muppett,,,,

I resent that. You have taken me out of context. Please re-read the post, I was mearly pointout that my former landlord was a muppet.... nothing to do with my tail of my very rich friends. And to add to the tail they stayed renting for 6 months - it was more the point that with all that cash in the bank they still needed someone working to sign off on them renting. :rolleyes::rolleyes::rolleyes:

Debt_Free_Chick

To be honest, they're not going to "pour" all over your accounts - they won't know what to look for, other than a decent profit stream and perhaps net assets on the balance sheet.

There's nothing they can really use in your company accounts other than to satisfy themselves that the company is viable and likely to pay you an income.

As already suggested, talk to the agents and see what they want - it's going to vary from one LA to another.