05 Sep 2008 8:06 PM:
Hey abbbbbbbbbb1 and of course Phil
Lots of bees...
I do understand that not everyone buys to rent out, that was not what i was saying, i was merely pointing out that most landlords rent out to make money, how they operate this business in essence will determine just how much money they make.
I take on board everything you both said, and understand that some tenants can cause problems with damage etc, but with the measures i have outlined you should not be much out of pocket and hopefully with proper background checks you should have some nice tenants who are proud to look after your home.
I have three apartments, and i have rented them all out for around 4 years with little or no trouble at all, and the reason i guess is that i am strict and follow my own guidelines. BUT.. I know, that if was not around to carry out the checks, regular inspections, changeover, contracts etc etc.. or that i knew someone "family or someone i have known for years that i could trust" do carry out this for me, then i would not rent them out, because whilst there are many reputable letting agents out there, some are far from it.
And at the end of they day, when they are putting your property, your money and your future at risk by not doing there job properly then of course, something has to be done.
All the above being said, it seems to me that most of the problems arise out of short term holiday lets.. is the money that much better for those two or three months than over a period of 11 months on long term? Is it worth the hassle? i guess, those are the questions owners should be asking themselves before renting out. I only rent out long term, because as you say Phil, short term you are usually just dealing with someone over the internet and take a minimal deposit..
I guess there is definately no easy answer to these problems, but we can all take precautions as far as possible to secure our futures.
I hope you have better tenants in the future and do not have anymore problems.
Regards
Thread:
Bad Tenants
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