Dilemma - should I accept RA ?

H

HMC

Registered User
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I recently advertised online to rent my house and reponse has been disappointing to say the least. One enquirer has now asked whether I would accept RA although it's clearly stated on the ad that RA is not accepted.

I don't know whether to re-consider this. How much do RA recipients receive? and would it be paid directly into my account?

Any pearls of wisdom greatly received.

hmc
 
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Brendan
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Rent Supplement is based on the amount of rent charged and the income and circumstances of the applicant. There is a maximum rent limit based on the county and family size, and persons applying for Rent Supplement for properties exceeding the limit may not qualify. Applicants must pay a minimum contribution of €24 per week themselves, and this could be more depending on their income & circumstances.

There could be a delay between application and decision dates on the Rent Supplement. The tenants might ask you to wait for your rent, that's one for you to decide! Just to note that not all persons on limited income (e.g. Social Welfare) qualify for Rent Supplement - they have to meet other criteria. You should be certain that your tenant(s) are likely to qualify before making a decision to wait on the rent.

Payment of Rent Supplement may be made to your account, but it can vary from area to area - there is no obligation to pay it directly to you.

As part of the Rent Supplement application, you are obliged to supply your PPSN or Tax Reference Number to the Community Welfare Service. The details are collated and submitted to Revenue on an annual basis.
 
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If you have a RA tenant, you should be mindful that if there are cuts in SW rates, you'll probably have to drop your rent as a RA tenant normally would not have the additional disposal income to make up the shortfall.
 
considering how vunerable jobs are these days and a lot of people dont know if they'll definitely have a job in six months , it may be a bit off putting that you may end up falling out with the landlord if you lost your job, I wouldnt consider any rental that put this in the requirements, but thats just me
 
We had a no RA policy but then our agent approached us about a particular couple. 2 years later all is well. It's a risk to take but IMO better to change your mind than have an empty property
 
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