Renting a house for first time.

Hedgecutter

I'm about to rent my family home. Firstt time doing this, any advice on what I should do and not do.

earlyevening

Do you mean letting or renting?

Hedgecutter

earlyevening wrote: »

Do you mean letting or renting?

Letting.

athtrasna

Hedgecutter wrote: »

Letting.

Do not leave anything you are remotely attached to, particularly sentimental items. Only leave things you don't mind being broken, destroyed or stolen.

Paint the place a neutral colour, take photos of everything and compile a detailed inventory.

Read the RTA, vet your tenants well and register with the PRTB. Research your tax obligations and comply.

That's most of what I can think of

Hedgecutter

athtrasna wrote: »

Do not leave anything you are remotely attached to, particularly sentimental items. Only leave things you don't mind being broken, destroyed or stolen.

Paint the place a neutral colour, take photos of everything and compile a detailed inventory.

Read the RTA, vet your tenants well and register with the PRTB. Research your tax obligations and comply.

That's most of what I can think of

Thanks

AndyBoBandy

athtrasna wrote: »

Do not leave anything you are remotely attached to, particularly sentimental items. Only leave things you don't mind being broken, destroyed or stolen.

Paint the place a neutral colour, take photos of everything and compile a detailed inventory.

Read the RTA, vet your tenants well and register with the PRTB. Research your tax obligations and comply.

That's most of what I can think of

Plus +1000

Assume everything you leave could be destroyed, so nothing of any sentimental value.

Also, do a detailed inventory of everything you will be leaving. right down to cups & saucers & cutlery, and when handing over the house to a tenant, go through the inventory list with them, and have them sign it, confirming everything you say is there is actually there.

fussyonion

If you think your tenant is going to steal from you, you don't trust your tenant.:rolleyes:

Michael D Not Higgins

fussyonion wrote: »

If you think your tenant is going to steal from you, you don't trust your tenant.:rolleyes:

Maybe not the tenant but what if they have a party?

chillywilly

fussyonion wrote: »

If you think your tenant is going to steal from you, you don't trust your tenant.:rolleyes:

In fairness, who is going to trust someone that they just met? It's about taking precautions.

fussyonion

No I completely understand.

Of course you have to be cautious and obviously you don't leave valuables in your home, but I just thought it sounded a bit weird to say "don't leave anything that might get stolen". I mean, you're going to have to trust your tenant; after all, he/she is going to be living in your property.

I'd be pi**ed off if a LL thought I was going to steal from him.

Hedgecutter

Thanks guys. Do I need a contract drawen up from a solicitors.

In the wind

Noob question but here it goes.

What's the difference between rent and let?

Michael D Not Higgins

In the wind wrote: »

Noob question but here it goes.

What's the difference between rent and let?

Colloquially, renting is what the tenant does and letting is what the landlord does.