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6000 landlords a year existing the rental market

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    #152
    perfectkama
    Registered Users Posts: 106 ✭✭perfectkama


    to add to my previous lots of advertised places but no one biting some LLs seen the odd viewer will have to choose carefully lots of bargain hunters and dubious looking for an amateur desperate LL then, "may not pay rent or sublet or both"
    In a nutshell probably a waste of time dropping price will only see more inquires.
    I would only consider a referral with good history and/or reason to be moving


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    #153
    Cuddlesworth
    Registered Users Posts: 13,994 ✭✭✭✭Cuddlesworth


    Dav010 wrote: »
    What does a properly selected tenant look like?

    Usually, single high earner in a high stress job, where they basically spend most of the day in work or significant time away with work. Like a auditor. Or dual income young couple, but not too young.


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    #154
    beauf
    Closed Accounts Posts: 22,648 ✭✭✭✭beauf


    I've seen people in those categories destroy a house. Doctors, lawyers, Garda you name it. Less often perhaps.

    But if a bad tenant is rare, and these types of people are represented in it. Maybe it's not that rare.


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    #155
    Cuddlesworth
    Registered Users Posts: 13,994 ✭✭✭✭Cuddlesworth


    beauf wrote: »
    I've seen people in those categories destroy a house. Doctors, lawyers, Garda you name it. Less often perhaps.

    But if a bad tenant is rare, and these types of people are represented in it. Maybe it's not that rare.

    Without getting into a large conversation, the difference between the ideal tenant and the not ideal tenant usually comes to to being able to minimise risk. You can request higher deposits, they are susceptible to the legal system for recovery of money and as a result, are far less likely to become a "nightmare" tenant. There of course always outliers.


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    #156
    Dav010
    Registered Users Posts: 14,523 ✭✭✭✭Dav010


    Cuddlesworth wrote: »
    Usually, single high earner in a high stress job, where they basically spend most of the day in work or significant time away with work. Like a auditor. Or dual income young couple, but not too young.

    So a pair of twenty-somethings that work for Revenue or an accountancy firm, got it.


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    #157
    Graham
    Moderators, Society & Culture Moderators Posts: 17,642 Mod ✭✭✭✭Graham


    Cuddlesworth wrote: »
    There of course always outliers.

    Given most tenancies run without problems, it's the outliers that cause the landlords the pain whether they're professional white collar staff, a care assistant or a stay-at-home parent.

    All any landlord can do is the usual due diligence; check references, finances etc and hope.

    The notion that there's a "properly selected tenant" that comes with no risk is just wishful thinking.


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    #158
    beauf
    Closed Accounts Posts: 22,648 ✭✭✭✭beauf


    Cuddlesworth wrote: »
    Without getting into a large conversation, the difference between the ideal tenant and the not ideal tenant usually comes to to being able to minimise risk. You can request higher deposits, they are susceptible to the legal system for recovery of money and as a result, are far less likely to become a "nightmare" tenant. There of course always outliers.

    My issue is with the idea that a bad tenant is basically only happens to laziness and poor practice on the part of landlord. You can reduce risk but not remove it entirely. That you've never had a bad tenant could be just dumb luck or maybe it just hasn't happened yet. The reality is we have no official system for checking out validating tenants or landlords. There is no sure way of avoiding a bad tenant.

    The second issue is there's no point spending more than you will recover. The longer a property is not earning the more you lose. So the biggest issue is getting the property back earning as fast as possible. Our system both legally and procedurally takes an insane amount of time and expense to recover a property. It can wipe out years of income.

    That's before you get into all the one sided regulation around all this.


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