Hi Orangefruit,
You/your parents have spent a lot of money to prepare the property. If something goes wrong, then it can give rise to a difficult situation with your parents. There are so many stringent regulations in place that continuously change, I strongly recommend engaging a letting agent to act on your behalf to vet the tenants. Under the current Residential Tenancies Act your tenant is entitled to "quiet enjoyment". This places a number of restrictions on your ability to inspect and manage the property during the course of the tenancy agreement. Engaging a recommended letting agent is an investment in your investment.
You/your parents have spent a lot of money to prepare the property. If something goes wrong, then it can give rise to a difficult situation with your parents. There are so many stringent regulations in place that continuously change, I strongly recommend engaging a letting agent to act on your behalf to vet the tenants. Under the current Residential Tenancies Act your tenant is entitled to "quiet enjoyment". This places a number of restrictions on your ability to inspect and manage the property during the course of the tenancy agreement. Engaging a recommended letting agent is an investment in your investment.