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Renting a property - any advice on how to avoid major pitfalls?

(57 Posts)
Fleurpepper Fri 03-Feb-23 11:28:51

We have a second property, an apartment in a lovely Market Town which we have used as a holiday home for many years. But we just don't go often enough, and money is tight. We are therefore considering renting it, furnished.

Any advice so we don't fall prey to the wrong kind of tenant? Would be very grateful, thanks.

Shinamae Thu 09-Mar-23 09:47:42

A few years ago, my daughter rented out her house as she was moving to London, I had quite a few problems getting tenants out, but they did go eventually…
I don’t think it helps when people watch these programs where bailiffs are eventually sent round when they don’t pay the rent, but even then it can take months and months to get them out and thanks to these programmes they just sit tight while the owner can lose thousands, and in some cases eventually lose their house because they cannot pay the mortgage

CassieJ Thu 09-Mar-23 10:22:59

Make sure you understand your landlord responsibilities before you agree to anything.
I see so many times landlords complaining about tenants, especially if they want the house back, but they seem to have no idea of the law.

Using a letting agent is a good idea as they should know all the rules and law involved, but make sure you do too.

paddyann54 Thu 09-Mar-23 13:46:41

We're in a small town and have a good reputation as landlords with high standards,Consequently we usually have people waiting for property to become available .
We have 3 single people from one family all in their own one bedroom flats who have been there over 8 years without a rent rise .3 people from another family with their own children in bigger houses who haven't had rent rises in 5 years we've only ever had one dodgy tenant in the 20+ years we've been landlords.Other properties tend to be short lets to hospitality seasonal workers
We dont make a huge profit from the rent as the flats/houses were bought as a pension so when one becomes available we'll decide whether to keep it or sell it
.We used to furnish down to the last teaspoon now if anyone moves in and there are white goods that have been checked we tell them they are welcome to keep and use them but we wont be replacing them if they break down .
Currently its illegal to raise rents or to evict anyone from private lets in Scotland until July because of the Cost of living Crisis .It was the same during covid .

MawtheMerrier Thu 09-Mar-23 18:18:39

I’ve been puzzling over this thread title and realise OP must MH letting or renting out.

Renting and letting are like “ lend “ and “ borrow “ aren’t they?
“Can you borrow me a fiver?”

MawtheMerrier Thu 09-Mar-23 18:19:31

MH ????
“Mean”

MerylStreep Thu 09-Mar-23 19:06:47

MawThe Merrier
You’re perfectly correct. When I was a landlord/landlady/landperson the tenant was renting from me, they paid rent. I let the flats.