Buying portfolio sitting tenants advice
Rent Arrears

ChrisC17CJS
ChrisC17CJS
0 Thanks
1 Posts
3 years ago
0
HI, we are speaking to a landlord to purchase a large portfolio, the majority of the tenants we believe are council tenants and occasionally some dont pay which sets alarm bells going as he said some live hand to mouth, but as the rent per month is huge the landlord lets it go. An amazing position to be in.
But my question is, If the tenant is council and they dont pay there are processes to get the council to pay direct,
But if its a private tenants and the landlord doesn't have his paperwork together what is the process and timescale of getting them out if you dont have the proper paperwork? and avoid them trashing the house?
I suppose the very worst scenario is they are illegal immigrants ?
We have a long way to go on due diligence in terms of viewing, checks on everything incl tenants but this is a concern, we are also looking for equity partners

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.