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First time accidental land lord - top tips?

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Comments

  • resilie
    resilie Posts: 179 Forumite
    Part of the Furniture Combo Breaker
    Crashy_Time wrote: »
    Where is the tenant staying until May?

    ? the flat will be available to rent as of May... specific tenant still to be found
  • wheelz
    wheelz Posts: 334 Forumite
    Part of the Furniture Combo Breaker
    I get it, you never set out to become a landlord. Your circumstances changed and you found yourself being a landlord.
  • ProDave
    ProDave Posts: 3,785 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Combo Breaker
    The term "accidental landlord" refers to people like me. We are part way through building a new house to live in and could not sell our old house, so we are now letting it. It just means letting this particular property was never in our plan, but we are now into "plan B"

    It does NOT mean we know nothing about being landlords. We had been LL's for nearly 14 years. It was the profit from the sale of our 2 former BTL properties that financed the start of building our new house.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    wheelz wrote: »
    I get it, you never set out to become a landlord. Your circumstances changed and you found yourself being a landlord.


    No, he found himself looking for a tenant.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ProDave wrote: »
    The term "accidental landlord" refers to people like me. We are part way through building a new house to live in and could not sell our old house, so we are now letting it. It just means letting this particular property was never in our plan, but we are now into "plan B"

    It does NOT mean we know nothing about being landlords. We had been LL's for nearly 14 years. It was the profit from the sale of our 2 former BTL properties that financed the start of building our new house.


    The thread isn`t about you though?
  • Gwendo40
    Gwendo40 Posts: 349 Forumite
    ProDave wrote: »
    The term "accidental landlord" refers to people like me. We are part way through building a new house to live in and could not sell our old house, so we are now letting it. It just means letting this particular property was never in our plan, but we are now into "plan B"

    It does NOT mean we know nothing about being landlords. We had been LL's for nearly 14 years. It was the profit from the sale of our 2 former BTL properties that financed the start of building our new house.


    Why couldn't sell your old house?

    I can't imagine what problems a house must have that make it unmarketable or unsalable.
  • Marvel1
    Marvel1 Posts: 7,512 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    AFF8879 wrote: »
    Seeing the term accidental landlord in a thread title on this place and you know it is going to descend into chaos and eventually have to be closed by the mods...

    True, on the plus side they have 2 months to research everything about the business and tenent has a knowledge landlord.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Gwendo40 wrote: »
    I can't imagine what problems a house must have that make it unmarketable or unsalable.
    Not at all - it's just too expensive for the local market.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Don't get ProDave started. It's all the SNP's fault apparently. ;)
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    resilie wrote: »
    ? the flat will be available to rent as of May... specific tenant still to be found

    Why don't you reference prospective tenants yourself? Then the referencing can be as comprehensive as you like.
This discussion has been closed.
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