Three properties bought with cash one in Berlin where there are stringent rent caps and occupancy rules. We've sold that one. So I'm not worried but very glad I diversified into other passive income sources now. Those interest rates were...
Reply to the comment left by Cider Drinker at 05/04/2024 - 19:01Agents are useful for several reasons. 1) better and more financially secure tenants choose to rent through reoutable agents. 2) no direct contact between landlord and tenant, keeping it...
The payment to a managing agent is well worth it when I read these horror stories. Cost of clearance, possible legal fees, void period while the place is cleaned, rent defaults beforehand, and the cost of repairs all mount up....
Reply to the comment left by northern landlord at 17/04/2023 - 18:09Agree with Northern landlord. Putting an agent between yourself and the tenant ensures distance, a sense of professional good practice, and in my experience, fewer issues with poor rent...
Reply to comment left by Derek STOBBS at 13/04/2024 - 11:14
Three properties bought with cash one in Berlin where there are stringent rent caps and occupancy rules. We've sold that one. So I'm not worried but very glad I diversified into other passive income sources now. Those interest rates were...
Read More →Reply to comment left by Simon Gear at 05/04/2024 - 19:01
Reply to the comment left by Cider Drinker at 05/04/2024 - 19:01Agents are useful for several reasons. 1) better and more financially secure tenants choose to rent through reoutable agents. 2) no direct contact between landlord and tenant, keeping it...
Read More →2nd March 2024, 2 years ago
The payment to a managing agent is well worth it when I read these horror stories. Cost of clearance, possible legal fees, void period while the place is cleaned, rent defaults beforehand, and the cost of repairs all mount up....
Read More →Reply to comment left by mr robert birchmore at 17/04/2023 - 18:09
Reply to the comment left by northern landlord at 17/04/2023 - 18:09Agree with Northern landlord. Putting an agent between yourself and the tenant ensures distance, a sense of professional good practice, and in my experience, fewer issues with poor rent...
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