For landlords, illegal sub-letting is always a concern.
Sometimes no matter how well you scrutinised your tenants, there is always a possibility that they will rent out one room or even your entire property to a stranger.
The proliferation of short-term holiday rental platforms has
exacerbated the problem.
It is no longer a problem just in tourist hot spots, because
now it can happen anywhere.
While unscrupulous tenants try to make some extra cash, they
increase the risk of extra wear and tear, out of control parties, squatters and
uninsured property damage, because the guest is not on the lease, whilst the
property is being used commercially.
It is not easy to stay on top of illegal sub-letting,
however, here are some quick tips from RealRenta to stay ahead of the game:
· On your next inspection, look for any signs of
the unusual ie, tourist pamphlets, tea and coffee equipment in the bedrooms or
any other signs that you would equate with a B & B
· Be extra inquisitive with couples or singles who
want to rent a large house
· Make sure you include "no sub-letting” clauses
in the lease agreement
· Ask your neighbours if they see strangers coming
and going often
· Use a monitoring service that searches the web
for illegal and short-term rentals
Are you sick of handing
over your income from your investments directly to a Property Manager?
Use RealRenta instead and get your rental income paid directly into your
Try RealRenta now for Free for up to 2 months and you will NEVER
pay a Property Manager again: https://app.realrenta.com/Signup.aspx
Need a property loan?
Contact us @ firstname.lastname@example.org
Monday, 30 September 2019