I own a rental property. As the current renters are leaving, I calculated the rent increase I was authorised to apply: 1.2 per cent or 15 euros. As the rent is at least 50 per cent lower than the market (and I am being conservative) and there is no property on Daft in that price range in all County Dublin, I am considering leaving it empty for 2 years. It's paid for and the only reason I am not selling is that I am concerned about the ability of my children to find accommodation in the next few years. Has anyone actually done it? What are the pitfalls? At the moment I just feel that I am taking a chance renting to tenants who could cause trouble while I am subsidising their rent. Any experience on that would be welcomed.
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