Many listeners who have ventured into owning a second property for rental, ask for advice on how to evict a tenant who does not pay rent.
Author of 'The Expert Landlord' and property management entrepreneur David Beattie breaks down the legalities around renting.
He says firstly check your property is in a good state of repair to be rented.
Secondly, ensure your property rental is valued accurately.
Thirdly, list the property on legitmate advertising portals with good photographs.
Lastly take prospective tenants to view the property.
Then, he advises you vett your prospective tenant.
Does a tenant earn enough to pay the rent?— David Beattie
He explains there are portals you can use for lease agreements.
And when a tenant refuses to pay?
Act quickly and decisively...and get legal help as soon as possible.— David Beattie
Don't take the law into your own hands.— David Beattie
He says do a number of follow-ups and then get legal assistance.
This situation is abnormal, he says, and people entering the property market should not assume this happens often.
Take a listen to Beattie's succinct advice below on all you need to know about renting out a property:
This article first appeared on 702 : Tips on renting out property (and how to evict tenants who don't pay!)