subject: Top Ten Letting Problems And How To Solve Them [print this page] Letting out a property can often look like an attractive approach to make money with little effort. But this may be a misconception, and renting out a property to others may take a lot of time, money and effort. There are some common problems that have to be considered and the answers to these problems for landlords who are currently renting out properties and are having problems.
1.It may be difficult to find a tenant - After preparing a property, it can be disappointing to wait a long period to locate a suitable tenant. A landlord can advertise for a tenant easily, but be wary about the types of magazines or shops that advertisements are put in and the sort of tenants that such advertisements may attract.
2.A landlord can't ever be certain who they may be renting their property to - first impressions could indicate a person will be the perfect tenant, after they have moved into a property it may be another story! By conducting background checks a landlord can go some way to prevent falling foul of unwanted tenants. It is usually a great strategy to obtain character references about the potential tenant. Along with a credit check.
3.The tenant might be noisy and then a disturbance to neighbours - This can be solved by including a clause within the contract stating a tenant should not be a disturbance to neighbours. If a clause in the contract isn't an adequate deterrent, the landlord can by law evict a disruptive tenant .
4.A tenant may leave unpleasant odors behind - If your tenant were to smoke or own untrained pets this can become a problem. The risk may be drastically reduced if the contract were to include clauses specifying any smokers should do so outside and restrictions on the type of pets. It can be an easier option to not allow pets at all.
5.A tenant may fail to pay the rent promptly - The Residential Tenancies Act helps to ensure that if a tenant doesn't pay rent, they can be evicted from the rental property. Usually a warning either verbal or written will be all you need and should usually be the initial step before any official action is taken.
6.Some tenants are unwilling to pay monies owing to the landlord - If this becomes an issue, an application needs to be lodged with the Landlord and Tenant Board. This process could also be used for the non payment of rent . The situation can be concluded with the tenant being summoned to a hearing or possibly a payment plan being agreed. This can be another reason why financial checks will be advisable, as well as landlord's insurance, some insurance policies will offer you cover .
7.Renting a property takes a lot of time and effort - In addition to all of the legal paperwork that must be completed, maintenance and repairs of properties will be the landlords responsibility and will take time. Without an agent being instructed the landlord could possibly be called upon for just about any emergency, whatever time of day it may be.
8.Tenants can make requests which can be unreasonable - For this reason the terms really should be clearly defined within the contract. Taking away any potential confusion will ensure that disagreements are minimal.
9.The tenant may leave early - It's then a tenants responsibility to find another suitable tenant. When they not do this, a tenant may be refused the right to leave the contract or else may have to pay the remainder of what they would owe the landlord.
10.The tenant may leave the property in a mess or damaged - It's the tenants responsibility to fund any cleaning work or damage to the property. A good idea is to perform an inventory of all of the items at the start of the tenancy. In case a tenant has caused damage and not taken sufficient steps to recitify the problem, then a landlord is entitled to deduct money from the deposit that was paid at the start of the tenancy.
