Tenant hell - Shall we sell or rent or stay put.

Crashy_Time

Socajam wrote: »

If they are tenants, have you approached the agency/landlord?
As a landlord, I informed the agency upfront that I am do not want any one: with dogs, or who smokes

Many landlords will take dogs and smokers though rather than have a void and double council tax in many areas for an empty property, this route, of going into areas that are not really the OP`s business is the route of more stress, the route of least stress is to price it to sell and just move, maybe renting for a while and doing more due diligence on the next one about who lives nearby, how noise/smoke/pet smells might affect you etc. etc.

Socajam

Kaysummer wrote: »

Yes I’ve emailed the letting agency. No response. They were allowed a dog as I spoke with the landlord when he was making repairs when the last tenant move out. He increased the rent for anyone wanting a pet.

Increasing the rent for someone who wants a pet is fine, but if they are the type of tenants who refuses to clean up after their pets, the LL is not the one affected, its others.
That's why I refuse to rent my place to anyone with a pet. Yes I am discriminate against all pet owners, but I do not want to be bothered with having to deal with inconsiderate pet owners who promise one thing and once they are in the property do something else. The extra money is not worth the hassle.

lisyloo

Socajam wrote: »

If they are tenants, have you approached the agency/landlord?
As a landlord, I informed the agency upfront that I am do not want any one: with dogs, or who smokes

Be aware of what crashy said.
If you have issues you have to report these when you sell which obviously could put off a new buyer.
Unfortunately by reporting them there is evidence you’ve had issues.
This now means you have to declare these issues.
If you don’t you may find a new buyer sues you for not reporting the issue correctly on the sale form if they get hold of the evidence.

Crashy_Time

Kaysummer wrote: »

Yes I’ve emailed the letting agency. No response. They were allowed a dog as I spoke with the landlord when he was making repairs when the last tenant move out. He increased the rent for anyone wanting a pet.

So he is very unlikely to be listening to anything other than very serious complaints in that case.

Kaysummer

Sorry I’m trying to reply to everyone and it’s not working properly. We were desperate when we bought this place as our landlord had sadly passed away so the family were selling the house we lived in. We rushed into this decision and have regretted it since the day we moved in. I think that we will spend the next few weeks getting the place ready to put on the market and then rent until we can buy again. Thank you everyone for taking the time to reply. I am pleased we aren’t the only ones to have gone through this as it makes me feel less of a drama queen x

Crashy_Time

Kaysummer wrote: »

Yes I’ve emailed the letting agency. No response. They were allowed a dog as I spoke with the landlord when he was making repairs when the last tenant move out. He increased the rent for anyone wanting a pet.

They don`t have to disclose details about their clients to you, whether it be landlords or tenants, a serious complaint to the council or police would mean these agencies could make them disclose but then you are back in the loop of then having to disclose this contact to a future buyer, best to discontinue this line of action ASAP IMO, just focus on soundproofing and selling (hopefully when your buyers come round the neighbour will be out, preferably not out in the garden smoking and watching their dogs taking a poo)

G_M

My instinct is that you should sell.

1) Renting it out has all sorts of (potentially stressfull) implications, and finance is uncertain. By all means get a letting agent round as Voyager sugests, but bear in mind
* agents sometimes exaggerate the potential rent - they want to encourage you to put the poperty on their books!
* you won;t always get 12 months rent a year. Gaps between tenants etc, so budget based on 10.
* letting agent fees, landlord costs, repairs, insurance, gas/electric inspections, increased mortgage cost (CTL/BTL), tax, etc etc
* risk of tenants from hell (rent arrears, damage)
etc etc

Do a proper budget to see if it's viable. And read my sticky here.

2) "we took out a large loan when we moved in to do renovations. So still have 3 years left to pay it off. I have very bad debt so can’t go on the mortgage." Did that increase the value of the property?
Do you know the current value?
How much equity is there?
If only your partner can buy, how much could he afford (combined savings, equity, and new mortgage)?
Is selling/buying viable?

3) sell/rent. Returning to renting is never an attractive idea once you've bought, but may be the only alternative.

4) Stay.
take action to soundproof the floor as best you can.
Check the lease re the dog.
Contact downstairs landlord directly.

Originally Posted by markin
If you have hard flooring carpet it.

Quote:
Originally Posted by Kaysummer
Hmmm I’m not sure actually I’ll have a look ��

:huh:


How can you not know if you have carpets where you live.......

Vestra

Kaysummer wrote: »

Hmmm I’m not sure actually I’ll have a look 👍

How can you not know? In all likeliness a lot of the noise comes from having hardwood flooring. Have you also considered the noise they are experiencing from your flat if you have hardwood flooring? Maybe they are doing this in retaliation.

Kaysummer

I wasn’t replying about the floors so don’t know why it quoted it. I was replying about pets in the lease. I don’t have hard floors. It’s thick carpet

Kaysummer

We are going to make an appointment with the mortgage advisor and talk about our options. Hopefully we can still get another mortgage and if not will put the flat on the market and rent for the next 3 years. We bought the flat for £57k and it was valued at £72k. We have put £20k into it so it won’t cover the loan but should just about do it. Just means we wouldn’t have a deposit for another property