Tuesday, July 22, 2014

The issue with renting

The issue with renting
When I was Seven years old, my pal, a lad called Tim, was given a brand new Raleigh Grifter, not for his bday or Xmas, simply because he wanted one. He had the bike of my desires.

A couple of weeks later upon a balmy summer’s afternoon, with eyes like saucers I nervously greeted young Tim and requested him if I might have a ride on it. He thought about my question for what seemed like an age, then shook his head slowly and screwed up his face. No possibility, he explained.

32 years on, I met Tim again at his Riverside home in a smart neighborhood of Hull’s old town. Over 6 months his property had been developed from chic and stylish to dustbin. His renters had definitely known how to celebrate, but not how to clean or pay rent payments. The consequence was a £450 cleanup bill, a touch more for redecoration and £1700 rent payments arrears.

Unfortunately, Tim hadn’t asked for any kind of references simply because one of the renters was the friend of a pal. It transpired that he had handed over the keys without any official tenancy contract and without the most fundamental of inspections. It stunned me that someone who was capable of making a mindful risk evaluation at the age of seven, was not able of the same thing aged thirty-nine.

The message here is not to take a chance with someone who wishes to rent your property. Your home is probably your most valuable asset, so it is essential that every feasible step is taken to check the quality of potential renters before you commit to them. Don’t be afraid to say absolutely no - if you can’t be sure then don’t take the chance.

Since that day, I am pleased to say that Marlborough Estate Agency has arranged a succession of trouble-free tenancies for Tim by simply considering only carefully referenced, professional renters.

If you know anybody who may possibly benefit from a specialist letting and / or property management service then please request them to call Marlborough Estate Agents. We’re here to help.

Tony Cook

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