Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I’m keen to hear from other HMO/flatshare landlords on the topic of replacing existing flatmates – specifically, how much do you involve the existing flatmates in choosing the new person?
I’ve got a HMO that I let to professionals (I don’t use agents). Tenants are all under 30. Broadly, I trust these tenants not do anything daft. That’s partly because I went to great lengths when I picked them in the first place – but it took a lot of time to filter out the flaky ones.
One of the tenants has now given notice. The other five tenants all get on well. They will no doubt be wondering what the new incoming tenant will be like – it is a big deal for them, as well as me.
Should I give the tenants my criteria for tenant selection and let them choose the new person (and do the viewings)?
Does anyone have a method here. Interested to hear the pros and cons.
p.s. I’m all too aware of how bad things can get with the wrong tenant, so no need to tell me that. I’m more interested in hearing about how other landlords keep the current tenants on side, when vacancies arise.
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