Help with timing for a possibly buy

Norman_Castle

diystarter7 said:

elsien said:

OP seems to have deleted some posts, but from a quoted post:
“If I feel someone is taking the p, i will never speak to them and if it is going to be the T, they will be out first chance I get” 
Being a landlord is a business. You don’t run a successful business if that’s your starting point. Find something else to do with your money. 

  It is more than a business to us if/when we go down that route as we intended to.

It sounds like a dictatorship. or a "D" as the op would confusingly call it.

london21

OP is in for a shock.

Save yourself the horror when it goes wrong. 

sidneyvic

You sound like a letting agents wet dream... Thinking the more money you throw at them the better Tenant they will find you and because you are paying them so much they will micro manage your Tenancy.
The reality is when it all goes tits up they are going to be about as much help ad a wet fish and you will carry the can.
You really don't sound like landlord material, you need to be detached and treat it purely as business or else it will end up consuming your life if the Tenant gets into arrears etc...

Getting_greyer

user1977 said:

diystarter7 said:

HRH_MUngo said:

I have had four tenants in my flat.

The worst one was the 'professional' - a social worker.

She let about five other people live in the flat and in the few months she was there, caused damage.

Even the tenant who ended up going to prison kept the flat immaculate.

Nothing will protect you against bad tenants.

100% agree but onlu working professionals, married ones will do for me or those living as a couple and possibly one or two younger kids none smokers and no pets and that look nice and clean and drive a clean car that looks new is new or old but looked affter says a lot about them imo.

Is this a wind-up? If they didn't have a car, what would you be judging them on?

user1977 said:

diystarter7 said:

HRH_MUngo said:

I have had four tenants in my flat.

The worst one was the 'professional' - a social worker.

She let about five other people live in the flat and in the few months she was there, caused damage.

Even the tenant who ended up going to prison kept the flat immaculate.

Nothing will protect you against bad tenants.

100% agree but onlu working professionals, married ones will do for me or those living as a couple and possibly one or two younger kids none smokers and no pets and that look nice and clean and drive a clean car that looks new is new or old but looked affter says a lot about them imo.

Is this a wind-up? If they didn't have a car, what would you be judging them on?

In leiu of a family car, the delivery vehicle for grocery drop-off will be surveyed.  Only T's using Ocado will be accepted. Those using Asda will be given short shrift.

grumiofoundation

sidneyvic said:

You sound like a letting agents wet dream... Thinking the more money you throw at them the better Tenant they will find you and because you are paying them so much they will micro manage your Tenancy.
The reality is when it all goes tits up they are going to be about as much help ad a wet fish and you will carry the can.
You really don't sound like landlord material, you need to be detached and treat it purely as business or else it will end up consuming your life if the Tenant gets into arrears etc...

I think you might have missed the key point where the OP made it clear they will not get tenants who don’t pay rent because they will be assessing the cleanliness of said tenants. 

microcristallina

gingercordial said:

diystarter7 said:

HRH_MUngo said:

I have had four tenants in my flat.

The worst one was the 'professional' - a social worker.

She let about five other people live in the flat and in the few months she was there, caused damage.

Even the tenant who ended up going to prison kept the flat immaculate.

Nothing will protect you against bad tenants.

100% agree but onlu working professionals, married ones will do for me or those living as a couple and possibly one or two younger kids none smokers and no pets and that look nice and clean and drive a clean car that looks new is new or old but looked affter says a lot about them imo.

They might have excellent professional jobs and get made redundant the day after starting the tenancy. 

They might smoke and not tell you (my husband does and would not have told any letting agent; he'd never smoke inside anyway).  They might take up smoking after renting the flat. 

They might get a pet later and not tell you. 

You'd probably not get sight of our car depending on the parking situation, it might not be right outside, or we might park elsewhere to have a general look around the area.  In any case we believe in running an old car until it's uneconomical to repair, and it can get dirty again straight after cleaning with birds or pollen or Saharan dust storms.  

And what does "look nice and clean" mean?  The scruffiest person I know is a multi-millionaire from selling his IT start up, he is lovely, polite, responsible, very clever and is the only person I know rich enough to have one of the metal Amex Black cards but you'd think he was a tramp...

The point is you can't tell, and even if you think you can their circumstances could change any moment.  

Sounds like someone my dad knows except he won the lottery, Twice.

hangryconsumer

Please please don't become a landlord. It's in everyone's best interests, including your own. Assuming that this post isn't a wind up, as previously suggested.

propertyrental

7 month old thread........

LegallyLandlord

Blimey. This question has attracted a lot of attention. 

I’m a small time landlord with 3 properties. I think it’s worthwhile, I try my best to be a good landlord and I make a fair, not excessive, return. I haven’t over-geared and have a higher than average amount of equity in the properties. 

If you’re thinking of becoming a landlord, join the NRLA (the National Residential Landlords association- this is a £15 discount code UYN-702)

Here’s an up to date guide on what you need to know to be a successful landlord.

 https://theindependentlandlord.com/new-landlords-guide/