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Ever rented out a house when travelling?

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  • 18-12-2007 4:28pm
    #1
    Glacier
    Closed Accounts Posts: 647 ✭✭✭


    Would you be able to rent out a house while you're abroad? Anyone ever done this? I heard something about an Agency. What happens if there are problems?
    Any help?


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    #2
    Cantab.
    Closed Accounts Posts: 1,444 ✭✭✭Cantab.


    Glacier wrote: »
    Would you be able to rent out a house while you're abroad? Anyone ever done this? I heard something about an Agency. What happens if there are problems?
    Any help?

    Either:

    - rent it to people you know (and get the tenant to provide you with a reference from a mutually respected person). If things do go pear-shaped you can leverage the power of the reference and threaten them with social shame.

    - pay for a reputable agency (preferrably on foot of a recommendation -- again, a personal relationship involving mutual trust would be good)

    - get a randomer off daft and get a family member/close friend to keep an eye on things

    - get a randomer off daft and hope they pay you every month and don't burn the place down


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    #3
    Glacier
    Closed Accounts Posts: 647 ✭✭✭Glacier


    What Agencies do this? Anyone used 1 before? Recommend one?


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    #4
    roryok
    Registered Users Posts: 43 ✭roryok


    some estate agents offer this service, but usually take a 10% cut of the rent from you so do your sums first.
    also, beware the taxman, if you bought your house within the last 5 years and rent it out nowe then you are liable for any stamp duty that may have been waived (first time byer etc).


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    #5
    Victor
    Registered Users Posts: 78,400 ✭✭✭✭Victor


    roryok wrote: »
    also, beware the taxman, if you bought your house within the last 5 years and rent it out nowe then you are liable for any stamp duty that may have been waived (first time byer etc).
    This was changed to 2 years in the Budget. However, get proper advice (from the Revenue if necessary) as the details won't have been ironed out yet.


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