renting out my house

after a recent break up I am thinking of renting out my house. Its between newbridge and naas in a small village....


I am concerned abotu getting it rented as I think most people will got too these 2 main towns to rent....

I was onto RAS and they dont run the scheme there... are there any schemes that i might contact, ie single parent families. people waiting for housing etc etc that i might be able to work something out?


apart from daft and sticking posters up any more ideas about retning out a house?

thanks kk

Presumably you are aware of the potential tax (e.g. stamp duty clawback if applicable, the possibility of CGT on some portion of any eventual resale gain, rental income tax assessability etc.) and other implications (e.g. PRTB registration, mortgage and/or insurance implications etc.) already? Most of this is summarised in the FAQ.

Could you stick notices in local shops?

There are several places where you can advertise - and for free. I have no association with any of them, but use them regularly.
I am assuming that im allowed to mention them here.
gumtree, buy and sell , add.ie. Then post adverts on Monday morning in the local supermarket.

The bulk of the enquiries you get will be non nationals on social welfare.

Insist on a months deposit and a months rent in advance. The Social welfare department pay in arrears so the prospective tenant will have to find the money somewhere else.

Make sure you get the PRTB form signed before they move in.

Draw up a six month lease with option to renew.

Take photos of the property before they move in, but in their presence.

Do a detailed inventory before the viewings start. If they want to rent, get them to sign 2 copies.

Tell the tenants that everything in the house is working and get them to check it, afterwards allow for a week. Then if anything breaks down they are responsible for it being repaired or replaced.

I have a file that I send to my prospective tenants to read before meeting them if you want a copy pm me. It contains the Prtb form, Lease, and utility transfer document. This way they are paying for paper and ink but you also have a record of the fact that the lease and prtb was sent to them. (This information is invaluable if you end up before the PRTB) - (like me!)

If they have any complaints tell them you can only receive them by email - this way you will have a written record of any problems as they happen.

If renting was easy everyone would be doing it!

agree 100% with the other replies - renting is hard work and involves a lot more time and effort than people think. Know what you are getting into before you rent the house especially if it is in a location that may not give you a lot of demand from quality tenants. read the first time landlords guide below
http://www.irishlandlord.com/index.aspx?page=infocentre_article_view&id=34

computerman

The bulk of the enquiries you get will be non nationals on social welfare

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can i ask you and i will be PMing you soon but do you have to be registered as a landlord etc etc to recieve social wlfare from tenants?

thanks for advice i aint got a clue at this stuff yet


thanks again paddy

You dont have to be registered - sometimes they ask. But the system is so slow that there is no way to find out.

However if you wish to off set the interest / expences you will need to be registered (officially).

For my own part it is possible - if you have for example tenants from eastern europe - and they have a high turnover - you can tell the revenue / your accountant that you only do short term lettings and as such are not required to register.

Play the system.....

It is a legal requirement to register with the prtb, besides the fact that you need to be registered in order to claim your mortgage interest as an expense (not sure what you mean by 'officially').

not all tenancies have to be registered.

computerman said:

not all tenancies have to be registered.

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That's a bit different to simply saying:

computerman said:

You dont have to be registered

...

Play the system.....

Click to expand...

computerman said:

Tell the tenants that everything in the house is working and get them to check it, afterwards allow for a week. Then if anything breaks down they are responsible for it being repaired or replaced.

Click to expand...

so are you saying that if the washing machine/dishwasher breaks down you're not responsible for fixing it? that wouldn't be how i see the landlords responsibility.

computerman said:

Tell the tenants that everything in the house is working and get them to check it, afterwards allow for a week. Then if anything breaks down they are responsible for it being repaired or replaced.

Click to expand...

Really??!?!!?

So, using the same principle, if the house just collapsed they would be responsible for rebuilding it.

Sorry bud. You will remain responsible for maintaining and/or replacing all facilities for which the tenant pays you a regular rental.