Advice needed about letting a house

Bronte said:
I have some tenant's that pay weekly in cash, we've tried to move them to bank transfer but no go. Rent is left in the rent book in the property to be collected by my agent. It's a legal obligation to have a rent book as far as I know. The tenant's like it so far as I can tell and so does the agent as it's a clear record of what is paid. From a landlord's perspective it's good to see how the property is. If tenant's have an issue than they can leave a note etc. Most of my tenant's are foreign nationals and they need help sometimes with things that are not related to the tenancy. You'd be amazed with the grief they get from certain parts of the Irish state.
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If they want to operate on a cash basis, and you're happy with that, then thats fine. The suggestion was made though that landlords should insist on it. If I get robbed on the way home with the rent money, is my landlord going to be alright with not getting paid that month? I doubt it.

The rent book is one way of dealing with your obligations, but not the only one. A written lease takes care of most of the information that needs to be given. Then there just needs to be a written record of rent paid, which can be the bank statements showing it, or a receipt issued by the landlord periodically.
 
murphaph said:
But Bronte, I thought all landlords were money hungry pigs who don't give a fiddlers about their tenants or their wellbeing? lol, some people have no clue.
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How does it improve my wellbeing if some yob sees me withdraw a large sum of cash to pay the rent, and decides to relieve me of it?
 
Berni said:
How does it improve my wellbeing if some yob sees me withdraw a large sum of cash to pay the rent, and decides to relieve me of it?
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It doesn't, but I never said it would either.

My tenants want to pay me in cash. My agent has as much chance of being mugged as my tenants! I would probably prefer a bank transfer at this stage as I'm 100% comfortable with my tenants but they want to keep the arrangement in place.
 
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