10:45 AM, 9th November 2014, About 7 years ago 17
I watched a webinar the other day extolling the undoubted cashflow virtues of 2 x 2 ‘s (putting two separate Housing Benefit tenants into a single family house). The webinar leader went through the technical details of the process, most of which I would have been aware of or able to put together myself, but he didn’t answer the single question I would have thought most important, namely, how to deal with the psychological element to achieve a happy and stable household?
1) Are there strategies and channels to best deal with in selection of this type of tenant?
2) How do you make sure the pair get on with each other?
3) How do you ensure stability of tenancy from a tenant group (single mature unemployed individuals) who are statistically likely to have instability in their lives?
I am sure there are tricks to all these elements. One landlord I know set up a house only to find the second tenant had absconded within six weeks and before any rent had been paid. I should have thought this is a risk for this type of tenancy, after six weeks or within six months. My present average tenancy length is 32 months.
Are there landlords on this forum who can tell us of their success in this respect of this strategy, and who can they tell us how they achieve it?
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