How Private Land lords could protect themselves towards housing benefits deficits

How Private Land lords could protect themselves towards housing benefits deficits

Following on from recent news of Sir Stirling Moss being tricked by non paying tenants or renter, the Residential Landlords Associaton (RLA) has asked for laws to be reviewed which is considered to be unfavourable to private sector property owners and more so social landlords. The RLA have been warm towards the new white paper from Government, however the sticking issue for them is how housing benefits are handled moving forward.

At this point, if you are a private sector landlord and you have renters in your residence, your tenant or renter could be enjoying housing benefit allowances which are then not paid onto you. However, tenants of public sector housing schemes do not receive allowances themselves. Instead, the allowances are paid directly to the housing associations responsible for the property. This favouritism is something which the RLA want to squash as this is unfair to private landlords that lose thousands on rented properties each year.

Being a private property manager, yo have to make a choice on the kind of tenant or renter you select to rent your house. The simplest way to safeguard against losing out is to advertise that your property as not acknowledging any DSS or housing benefit tenants. By doing so, you are immediately reducing your risk of non payment, by only taking on tenants that are having a stable job and earning a salary. Depending on the location of your property and the unemployment rate in the area this may be a difficult decision, so you have to weigh up the time it will take to find a suitable (working) tenant, because the whole time you are looking for a tenant, your property could be empty and not earning you any money.

Upon having the tenant already, you will then require the services of an inventory clerk, who will come in and carry out a property inventory for you. This inventory will again aid you protect your interests as a landlord, by constructing an archive of the information and condition of the asset.

http://www.articlesbase.com/home-business-articles/how-private-land-lords-could-protect-themselves-towards-housing-benefits-deficits-3787218.html

POST COMMENT

Finding Student Housing In Madrid The Number One Cheap Chicken Housing Solution is to Build a Poultry Shed Find Out Why Marine Canvas - Turbine Housing Manufacturer - Turbo Cartridge Manufacturer Expatriate Guide to Finding Tanzania Housing Difference Through Housing Tenure Green Housing: Getting The Most Out Of What You Have Spotting The Difference Of Different Housing US housing starts down 10% in May LIC Housing Fin raises Rs 750 cr from bond sale How to Choose the Best Warehousing in West Sussex Difference Through Housing Tenures What These Types Of Housing Can Give You Modern Types of Housings for Modern Filipinos