New LandLord - advice needed

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    New LandLord - advice needed

    Hi all,

    I am new landlord and wanted some advise

    Basically we have let out house that we were in (we have moved to new) , i was able to let it to 2 professionals (friends) from feb 19 - sep 12 and now they have decided to leave due to their circumstances

    i have done some work on the house, painting, eirc cert and general things that needed doing to comply with regulation etc and decoration.

    someone through open rent has put the deposit down but the references are taking some time(also via open rent). wanted to check what best i could do as i dont want the void period too long.

    am i in my rights to ask the applications for their utility bills, employer letters and call their land lord and employer myself to speed things up and check if they would be suitable and can afford.

    I would be thankful if someone can help with advise please.

    Regards

    #2
    As a new landlord, the best thing is probably to go with a full service agent for a couple of years, whilst still doing a landlord's course and carefully monitoring the agent.

    Comment


      #3
      thanks for the response, i am pretty close to doing that, but what about the current situation, should i hand that over the agency as well?

      Comment


        #4
        Originally posted by virtualtechie View Post
        am i in my rights to ask the applications for their utility bills, employer letters and call their land lord and employer myself to speed things up and check if they would be suitable and can afford.
        You ask for whatever you like. Past DO NOT JUST RELY ON INFORMATION FROM A VETTING AGENCY - DO YOUR OWN RESEARCH IN DETAIL. landlord details over 5 years and permission to contact them, originals of their bank statements, their tax returns if relevant, get answers (in writing) to queries about any convictions, smoking, whether they have ever taken a landlord to court and what the details of that were, employment details and permission to contact, what if any "benefits" they have ever collected, .... absolutely whatever you like. If they decline anything, think carefully and probably reject.

        If you select an agent, select carefully as they often rip you off. Think carefully whether you really want to be a landlord - if you don't know what you are doing you will get very badly burned, agent or no agent.

        Comment


          #5
          You should contact the prospective T, and tell them they have 14 days in which to provide all the information needed for the credit and reference checking, if it not there by then return any deposit, and relist for any new enquiry.

          Comment


            #6
            Originally posted by ash72 View Post
            You should contact the prospective T, and tell them they have 14 days in which to provide all the information needed for the credit and reference checking, if it not there by then return any deposit, and relist for any new enquiry.
            3 days. And if the documents show that they (clearly) lied on the Tenancy prelims questionnaire and had they not you would not have bothered, then they don't get the holding deposit back either.

            Comment


              #7
              thank you guys for the helpful answers.

              Comment

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