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Landlord wants to sell!
Comments
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westernpromise wrote: »If you'd ask for a reference before you've left I'd suggest you are being unwise. If you think your employer won't give you a reference at all, maybe you need to postpone leaving until you're in better odour at work.
That's another thing that would make me tenant from hell.
Guaranteed investment (the rent I get from letting out my house) and pension income wasn't enough for some of the landlords I met during my search for a flat. They only wanted full time working healthy tenants. My partner's PIP's and her widow's pension weren't counted even though they are guaranteed non-means tested payments.:footie:Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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Guaranteed investment (the rent I get from letting out my house) and pension income wasn't enough for some of the landlords I met during my search for a flat.
It certainly wouldn't be enough for me. Your ability to pay rent to me would then constructively depend on your tenants' ability to pay rent to you. As we've established that you don't vet them properly, you have no idea whether they'll be able to pay you or not. So no dice.0 -
Good luck in your endeavours...
I would be suspicious of anyone who was showing attitude about it all, but then if there were more properties available than tenants looking, we might have to accept being told that it wasn't available and to make a decision without it.0 -
Surely it comes down to who is more desperate, the landlord to find a tenant to rent, or the tenant to find a property that suits them. In the case of my SIL, they were struggling to find anywhere to their standard that would agree to dogs. They couldn't be picky and if getting the property they wanted meant agreeing for the new landlord to contact the old one, then they had to go with it. As it was, they encouraged it and contacted them directly in front of us because they knew that they would give an excellent reference.
I would be suspicious of anyone who was showing attitude about it all, but then if there were more properties available than tenants looking, we might have to accept being told that it wasn't available and to make a decision without it.
Yes it is a supply and demand market, I've not argued otherwise0 -
westernpromise wrote: »I don't know if it's regional. The thing is, tenants have a very, very large number of rights over the property they occupy, and they have these rights whether or nor they ever actually pay the rent and even if they are abusing the place. While in occupation they can trash the property and you have to recover whatever you can.
Thus I'm not about to let anyone into my place unless I'm sure they are decent people. To that end I want to know everything I can find out about them. So I want them to be professional couples in their mid-30s on at least £150k between them so I know they can easily afford the rent. I go back three years for landlord references, I visit them where they are now, I check them out on LinkedIn and of course I want to know why they're moving.
I remain on very good terms with my former neighbours in the block and I introduce them to each other by email. I also check in informally after a few weeks to see what my ex-neighbours think of my new tenants.
It works because once you have quality professional people in the property you never have to think about it again. No voids, no late rents, no trashing of he property, no annoying the neighbours and since they're perfect tenants they get the perfect landlord too. Fair's fair.
On average they stay four years and I lose them because couples in their mid-30s who've been together 4 years have children and need more space.
It works for everyone involved. Other landlords can have the reference-less tenants who can't account for themselves, change the locks etc, and good luck with them.
You stalk them :eek: No wonder I couldn't get what a reference was in the earlier posts.0
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