On what exactly? It's not really clear from your post what specifically you're asking for feedback on.
They would not be in a position to buy it.
If they were served with the statutory eight months notice I don't know how they would secure other accommodation. To be honest,I would just love not to be responsible for the whole thing any more. They are on the housing list but that could take for ever.
Personally I would sell and think you should too. However if you’re not keen to do that, how about you appoint a letting agent and change your number?
Be very open with them and explain the situation. I tell my tenants this before they move in...
As somebody handy you'd be my ideal landlord, but if you left it to me I'd be ordering a top of the line €1500 Miele washing machine. Do you cap it or tell people to buy the same make?
I have experience of both managing directly and having appointed a letting & management agent. My experience is that, over time, with long term tenants, the communication line invaraibly bypasses the managment agent (this can be for a variety of reasons). Managing direclty is challenging and we spent time to build up a black-book of dependable trades people who we could call as and when required without visiting the property ourselves. We frequently managed all kinds of emergency repairs while out of the country by phone. The communications channel and relationship between your tenant and you is already established, so it will be difficult to put a managment agent in place that will aleviate the calls. In my experience, it is very difficult to get a management agent to take-over a letting without having first placed the tenant, so not sure if you will have much luck going down that route as your tenant is already in place.
Yes, it suits a lot of my tenants because tenants really don't want to deal with landlords any more than we want to deal with them. The tenant has to send me on the link of what they want to purchase, I'll make the payment online then, provided the cost is in line with what I want to spend. It's a very simple process but works very well.
Yes that's correct, but firstly, I vet all all the tenants myself and only take on people I have a good relationship with. Once I explain everything upfront and honestly at the start, it doesn't seem to be a problem as my tenants tend to be the kind of people who would prefer more autonomy in the property.
If you want out of the property letting business then issue notice and when this can take effect (presumably after the winter moratorium on evictions) you can sell up. Their future accommodation prospects are not your responsibility.
Somehow I'm finding it hard to believe what you've just written, then you tell us you're a landlord with no issues. Holy Moses but ain't you a lucky one and I don't care what vetting you're doing.
What's so hard to believe? If you're straight up and honest with people from the get go it works quite easy provided they are the kind of tenant suited to that type of arrangement. With the market we are in, you can have your pick of tenants so good one's are not particularly hard to find.
