Having been a landlord for a number of yrs now with a few rental properties,
We always look after good decent tenants, and we have been lucky for the most part finding nice people,
We had one group of tenants stay with us for 9 yrs and were sad to lose them when they returned to their home country,
The minute anything goes wrong myself and my husband resolve it asap, and we even call round with Xmas presents for them to say thanks for minding the place for us,
We always gave a discounted rent of 20-30%, however I do feel my views on this are now changing unfortunately, and I can see I have been stung for being a decent landlord,
I will make sure now to increase the rent by 4%, in order to try and hold the value of the property,
None of my tenants have moved out now in a good number of yrs, They all know they are getting cheap rent,
I do think it’s very unfair though that a new potential tenant avails of the cheap rent if current tenants move out,
I have a feeling though none of my tenants will be moving out for a long time, so I am stuck playing catch up now !
I will be playing catch up either way now – with current and potential new tenants,
Looking back I should have been more business like and wouldn’t be in this position today, Lessons learnt,