G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/
As the owner of the house, it helps one to choose the right kind of tenant before one decides to give for tent.
The most important single factor is to verify if the property would be safe in the tenant's hands hands
Ability to pay the rent regularly on a fixed date, the tenant's marital status, that is bachelor or married, food habits, pets are to be verified at the very outset
You have a good choice but I prefer not to keep tenants at all. I used to give two spare sets to engineering students (2 boys per set) from distant areas but now I prefer not to let out my spare space. That's good for mental peace.
Yes. I have a choice. That's why, I did not let my flat. Earlier, i had a an individual house which i had given for rent as I had to work in another state. The tenants made my house like a ware house. This taught me a lesson. Now I have a big flat in a prime locality. We are only two members residing in Vizag. Still I did not rent my Flat.
We used to rent out the upper portion of our house which is a self contained 3 bedroom house for many years now . normally giving it out for 11 months with legal rent deed and change it when it is renewed after the period ... Now, it is being painted and done up so been empty for more than 6 months . But it is not at all a problem here renting out properties and we have had no problems at all..
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
Most of you here are owners and are only sharing your opinion from that perspective. I don't agree that only Air Force soldiers pay rent on time, I along with my family has been staying in various apartments as tenants, but to date, we have never been late for paying rent on time. It is not just few sections of people who pay rent on time or not, it is attitude of people who you rent out a place. That can be judged by talking to the person and a doing a background check of what the person does or where s/he works.
Just like it is important to rent out property to good tenants, it is equally important to choose good tenants. I myself was almost duped when one of the owners denied getting the rent via check, although I got an email and an sms that the money has been paid. And the owner said that he had not received any money, so I gave him cash too, then on getting the sms, I had to show him the lost of transactions to get the money back. Again it boils down to the attitude of the people per say not any particular section or class of people.
“A mistake is a crash-course in learning” – Billy Anderson
Mousumi Ghosh wrote:Most of you here are owners and are only sharing your opinion from that perspective. I don't agree that only Air Force soldiers pay rent on time, I along with my family has been staying in various apartments as tenants, but to date, we have never been late for paying rent on time. It is not just few sections of people who pay rent on time or not, it is attitude of people who you rent out a place. That can be judged by talking to the person and a doing a background check of what the person does or where s/he works.
Just like it is important to rent out property to good tenants, it is equally important to choose good tenants. I myself was almost duped when one of the owners denied getting the rent via check, although I got an email and an sms that the money has been paid. And the owner said that he had not received any money, so I gave him cash too, then on getting the sms, I had to show him the lost of transactions to get the money back. Again it boils down to the attitude of the people per say not any particular section or class of people.
I mentioned air force as my house is located near air Force station and the newly posted persons need rented accommodation till they are allotted government accommodation. actually this depends more on location of property. During govt. service, I also lived in rented house. My father got his own house only after his retirement. so before that, the entire family lived in rented accommodation.
Let me explain this from tenant's viewpoint. I preferred accommodation near my place of work so that I may not have to travel more. Some office colleague would introduce me to house owner. I also preferred such accommodation where the house owner does not himself live in the same house or at least there is no common facility like bathroom that could be cause of trouble. Generally, it is easier to get accommodation on rent if you are a transferable employee.
G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/
I would like to second the opinion of @Mousumi Ghosh in totality. The main problem is in attitude be it an owner or a tenant. I stay in a rented house and till date had no problem with the owner. The worst approach of some owners is that if some one wants a place for rent then they are usually looked down. The owners consider themselves supremo and they treat their tenants as subordinates. Once this attitude is changed for the better then automatically a bond will be created and tenants will take care of the rented house as their own. The owners speak rudely, create water dispute, a day or two delay in rent payment is made to be a big issue, joint electricity meter is made a hassle for the tenant and so on. On the other hand, some tenants love to pick up verbal fight with the owners or deliberately make an issue of a non-issue. So, both are equally responsible for all the problem between them. A little understanding and humane thought can make the owner and the tenant relationship a good and sporting one.
shampasaid
I don't like to give my house for rent. At present I have not enough accommodation to rent. But before some years I had but I never give it for rent. Privacy is only and only reason for it.
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