I would like some of what he's been smoking. I agree its a very unsatisfactory state of affairs but there's no point spending a pound in the hope of earning ten bob (ie don't throw good money after bad).
Letting houses to the local authority itself results in a somewhat lower rental income and a lot of wear and tear to the decor as they put in people who have no respect for your property but once the local authority have signed under a private sector lease the money is as good as in your Bank. Different issues, but incomparably better covenant to pay the rent.
Letting houses to the local authority itself results in a somewhat lower rental income and a lot of wear and tear to the decor as they put in people who have no respect for your property but once the local authority have signed under a private sector lease the money is as good as in your Bank. Different issues, but incomparably better covenant to pay the rent.
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