Are rents open to offers

seven-day-weekend

Like buggy boy above, my property has always rented within a week, and I have always had people queueing up to rent it (I had 25 enquiries when it was recently available).

I personally would not even offer you a viewing, if you had no job, no references and no income. Sorry.

I hope however, that you have success.

need_an_answer

The majority of my tenancies as a LL start off at an initial 6 month contract and then move to rolling so from that perspective I would say that an initial 6 month tenancy is perfectly achievable.

Whether the LL is willing to reduce the price of the property is something that presumably they may consider if the market is slow and their particular property is not renting.
That will also be determined by how other properties are renting in the area.

I have 1 property that can sometimes prove a little challenging to rent and have at times been open to offers on the rent but having said that I have only had to reduce it by £25 per month to secure a tenant.

I have no idea in what area of the country you are looking but certainly in the area I live and rent,properties are still moving fast if they are of good standard and at the advertised price

Murphybear

shinytop wrote: »

Yup I realise a 6 month let isn't great for a LL. And, I'll have no references, no job and no income. :eek:

That could be tricky:rotfl:

Under the circumstances you will have to offer 6 months up front.

Any property on the market is open to negotiation but there are generally enough tenants around who have jobs, references etc.

Does it matter where you live? You may find that rural properties stick around longer as there is a much smaller pool of prospective tenants and some properties are a bit “back of beyond”. We were going to see one once which had been on the market for nearly 6 months. The rent was reasonable but we couldn’t find it as it was in the wilds of Devon and we had no sat nav

newsgroup_monkey

Last 3 rentals I've been in have refused more than 6 months at first, despite having excellent references and having been in the same job for ever with a good salary.


Also, be aware if you want to be somewhere long-term, you might be able to negotiate the rent to start with (as I have a couple of times), but it'll creep back up when you get the first renewal.


I'm finally leaving rented accomodation in the next month or so and have resisted a lot of our rent rises (I've written polite letters to the LL / Letting Agent explaining why I felt some of the rises were unfair).

shinytop

Murphybear wrote: »

That could be tricky:rotfl:

Under the circumstances you will have to offer 6 months up front.

Any property on the market is open to negotiation but there are generally enough tenants around who have jobs, references etc.

Does it matter where you live? You may find that rural properties stick around longer as there is a much smaller pool of prospective tenants and some properties are a bit “back of beyond”. We were going to see one once which had been on the market for nearly 6 months. The rent was reasonable but we couldn’t find it as it was in the wilds of Devon and we had no sat nav

I'm pretty flexible about location within a 20-30 mile radius and rural would be fine. Can/will pay up front if I have to but I realise I'm at the mercy of a 'computer says no' decision from a LL or agent. Should be interesting.;)

Slithery

shinytop wrote: »

...but I realise I'm at the mercy of a 'computer says no' decision from a LL or agent.

Check out OpenRent as it lets you get in touch with LL's directly instead of going through an agency.

Morbier

I offered a lower monthly rent for the one I'm in now - and it was accepted. The initial term was for 6 months but I'd already made it clear I was looking to stay a few years. There hadn't been a lot of interest in the property, perhaps due to the very large garden (which I love) so perhaps I was just in the right place at the right time.

However, OP, with you having no job and no income, why would you think a landlord would even entertain the idea of renting to you? What happens after 6 months? A landlord has to take a lot on trust but a proven ability to pay the rent would be his/her primary concern.

[Deleted User]

Looking at previous posts by the OP, who has pension investments (didn't even consider £700k for a DB pension for example so seemingly well funded), talked about going on expensive holiday less than a month ago but "no money, no job, no references" in this thread.

A previous BTL owner, so one assumes knows something about renting from the other side of things.

yksi

My previous employer (property agent) would not accept tenants wanting to pay six months' rent in advance. At the end of the six months they need to either cough up another six months' rent, or pass the referencing and income checks. The problem is that at that point, the tenant is in place and cannot be easily removed if they can't/won't pay.

Then you've got a tenant with no income who won't leave. Legal issues ahoy. No landlord wants that kind of annoyance.

Sorry OP but you are a very undesirable tenant on paper, so your best bet is to steer clear of landlords who even partly "know what they are doing" which will include most agents. Or get yourself a guarantor (again, agents prefer not to deal with his circus).

Cakeguts

Not a chance with one of my properties either. They are all in desirable areas and so don't stay on the market long.