Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
Ok people, this is one of my most difficult choices over last 15 years of renting houses.
I always have loads of options and juggling about to do to keep people happy but in the next two weeks …..
I have two bed nice (ish) house coming up. Existing tenant evicted due to being a drunk and scratching neighbours cars!,
So amongst the dozens asking for this house, I have …..
If I swap my existing tenants about, I create myself loads more paperwork, as I do Housing Benefit (HB) forms for them, but hopefully if I make the right decision it’s a short term pain for extra income and long standing tenant.
BUT, for years, income was high priority, then last few years or so, feeling sorry for people, letting them off with lower rents etc. and also lesser hassle to me. Now I’m thinking, let’s get all me mortgages paid off over the next 10 years or so, look after no. 1, ‘otherwise I could be in the crap in the future. At least with no mortgages left I will never have massive outgoings, so I will be reasonably safe. Then I can help these homeless people even more.
You might think this is a nice position to be in, but it’s not when you have it all the time. It’s not like when you sell one to highest bidder and never see the others again.
I had to to jot all the different scenario’s down as I was getting confused myself and I can see all sorts of answers coming back.
On Vanessa’s Property Tribes forum the other week I got one bloke telling me I couldn’t rent 2 bed house to woman with 6/7 kids. The other choice would have been to leave them homeless!
I’m not sure what to do because I want to pick the option which is the lesser pain to me and the tenants.
And my joiner mate will not be happy if he doesn’t get this house!
I don’t get a lot of houses come empty now, hardly anyone goes because I am good, because very few landlords want housing benefit tenants and because the Council has got no houses for them.
What should I do?
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