Do most landlords offer a fixed one year term in the lease? Is it better to let a place furnished or unfurnished?
Getting a handyman is the hardest thing! In Dublin at any rate.I am a landlord on a few properties but also have been a tenant too! My Dublin landlord wanted 6 months bank statements and proof of funds, 2 sold references in conversation with him as much more experienced agent he told me that gets rid of most people with that request, vetting out the possibility of someone not paying and not being a responsible tenant.
With my experience HAP is a nightmare, if they don't pay their 30 or 60 a week to the council you don't get your rent. I think in Dublin councils operate differently so check that first, you cannot refuse HAP so the above checks are critical that you get a good quality paying tenant.
There are no rights as a landlord, the tenancy board take forever if you have a problem while your tenant doesn't pay their way. so I know others who have had issues of non payment , they just changed the locks get them out and take the hit on the fine from RTB or are waiting on that to happen. It's a disgrace there is just no protection for landlords against people that don't pay their rent,
really the government and the programmes on TV are making our that landlords are all huge property companies, they mostly are not, we're small fries that usually end up paying to sustain a mortgage/expenses, you have to see it as a long term investment. You need backing up of a local handy man to take calls if things go wrong, you need cash to replace items in the house and you have to keep it up to a good maintenance standard.
Tax wise it's a nightmare you have to see it as a long term investment
So overall you need to really VET your tenants yourself and make a decision yourself, get a handy man and a good accountant. there's a landlord association pay to join it for proper advise also.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?