As I said at the start ..I don't agree with the decision..but they going ahead anyway ...they don't want to.use an agent ...it is what it is ...any help appreciatedAre they as clueless?
if so, don’t get involved, and let an agent take care of business.
Use an agent for letting and management.I've never rented so I'm clueless but want to gather collective wisdom / experience here to advise them best i can ..
They dont want to use an agent..nothing to.do with saving money .they dont need to rent it and trying to do this couple a favour....hence I'm asking here...Use an agent for letting and management.
Well they should if they don't know the very basics.They dont want to use an agent...hence I'm asking here
Maybe my bad..the landlords took early retirement ...they have property ..just asset allocation..they dont need to rent it out ..they have been approached by a professional couple with 2 kids who are desperate to live in the area ..they trying to help them out ...correction they are going to help them out .....I thought I'd ask here ..Well they should if they don't know the very basics.
It looks like they are paying tax at the higher rate and with two kids won't have much time on their hands.
Agent costs are deductible against tax and a good agent is really worth it.
Thanks. Do they have to register with the RTB?Sorry I misread.
There is a lot of info on the RTB website if they are going with a DIY approach.
Yes.Do they have to register with the RTB?
ThanksYes.
Yup I read that today ..personally I would not be a landlord..and there's good reason my relative shouldn't be ..but ..they've made a decision...there's a lot of worse case scenarios...and I don't believe the RTB (or the PSRA sure half the letting agents in Dublin not registered or homebond) is worth a toss ..but I do want to be aware of what their responsibilities are and try protect the downsideHave a look at today's Irish Indo and read what really happens today in the letting business. By the way, it's happening more and more every day and not a word about it. Below is a small extract of one story.
"The landlords of a Limerick property have spoken out about the emotional and financial stress they’ve experienced after a two-year dispute with their tenant, who owes more than €27,000 in rent.
Dan Corbett and his wife, Joy King-Corbett, took a case with the Residential Tenancies Board (RTB) after their tenant stopped paying rent in December 2018.
The RTB found in their favour, ordering the tenant to vacate the premises and pay the outstanding rent of €5,052 in 25 consecutive payments of €200.
However, nearly two years later, she is still living in the house"
Long story the couple former home owners in the area are now in limbo there's no suitable houses for rent in the area and approached every possible contact until my relatives name came upMy advice would be to concentrate on the people who approached them first. How and why did they (ask themselves this btw) approach ? How well do they know them ? Check out their employment status by linkln. Google their names. Find out as much as you can about them. Where are they living now ? Who is their landlord ?
ThanksGet a reference from previous landlord.
Get details of their employment, if they know you know who employs them it may reduce potential maggot acting.
Make sure utilities go in their name not your relatives.
Don't overthink it.
Yup ..whilst I'd never be a landlord myself if I found myself in that situation I'd use a agency ..but everyone's different .We have two properties rented out through agents. We pay them 10% and it is the best money we can spend. We have never had issues with tenants, as they know how to vet tenants and take up references.
is it true that there is no property available to rent in the area. That is very easy to check.Long story the couple former home owners in the area are now in limbo there's no suitable houses for rent in the area and approached every possible contact until my relatives name came up
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