9:10 AM, 6th January 2021, About A year ago 27
I have a 1970s 3 bed terraced house on a very popular estate in South Tyneside. I own the house without a mortgage and it has been rented for 6 years to two sets of excellent tenants, absolutely trouble-free.
My tenants have just informed me that, after 5 years of happy renting, they are moving on. Bad timing for me under the Covid regulations!
The idea of renting the property out again fills me with dread – too many scary stories of non-payers that can’t be evicted.
I have been enjoying the extra income, but I do realise that I’ve been lucky to have good tenants. I am retired, in my early 70s, and common sense tells me it’s time to sell up and enjoy spending the proceeds.
I would appreciate any advice or suggestions.