Thank you. I would not do that scheme currently as I would not trust the government with it and I would be concerned that changes might be imposed down the line.Is the rental scheme for refugees from Ukraine still in operation? That falls outside the RTB remit so afaik that counts as 'no tenancy' and occupants do not gain tenancy rights.
It's in a RPZ zone and a residential development. I would not think it would be authorised.Is the property in an area that might get PP for airbnb? There are companies who can look after day-to-day management of keys, guests, linen and cleaning on behalf of owners.
I am currently offering a bargain to a potential renter who is a stranger to me and might have a higher income than me for absolutely no reason whatsoever but to fulfil the housing policy of the current government. To me, in offering a discount of more than €600, I am subsidising the lifestyle of a total stranger. My repayment or the lack of now have nothing to do with it. When I was repaying a mortgage, I would not have expected my renters to pay above the market price to make my life easier.You say you would be subsidising their rent. Do you mean you’d be paying more in repayments than the rental income? Or just that they’d be getting a bargain?
Yes, we have been renting to potential candidates that move on their own accord. The property is an apartment so general maintenance is less of an issue. It's also about 2 minutes walk from where I live so checking on it is easy. If RPZ rules became any more drastic I would just sell as it is not worth itI would say do the sums and yes if our skewed housing policy makes it more financially attractive to leave it empty then so be it. But in 2 years, are you sure things will be any different? Will the RPZ rules have changed if this becomes a wholesale problem and you now need to prove that you didn't leave it empty for this purpose and say are not allowed to rent it at whatever you like? And you have a property that potentially has declined in that time unless you keep it well maintained.
If you think your children will be moving in in a couple of years, I would prefer to find tenants that I know are temporary and will move on of their own accord rather than you having to evict them (eg Erasmus students, PHD candidates, young professionals in a law or big 4 accounting firm who will move on to Australia or out to buy a home soon) and earn some income in the meantime - albeit less than you could if your property was not in a RPZ. And keep the property at least heated and lived in.
According to my calculation, 3.5 years would do it with very conservative rental level.As a reluctant landlord, I have a rental property (former PPR which the family outgrew) in a RPZ.
The rent is substantially below market value.
Running conservative figures for the likely rental value, if I was to leave the house empty for two years and then let it out at market rates, it would only take 5 years to break even and after that, I'd be in profit.
RPZ are temporary like USC was meant to be.RPZ's are due to finish in Dec 24 - can they be extended again?
3.5 years including the 2 left vacant? That's a no brainer then.According to my calculation, 3.5 years would do it with very conservative rental level.
I would reconsider this...I am currently doing it and it's going well. One of the conditions of the scheme is that you have to agree to a six-month agreement. I have signed contracts with my tenants with a start and end date. I'd be surprised if the government pulled the rug from under us mid-contract, but anything is possible I guess.Thank you. I would not do that scheme currently as I would not trust the government with it and I would be concerned that changes might be imposed down the line.
While we could and would probably do cosmetic work, we could not do extensive changes as it's an apartment,
It's in a RPZ zone and a residential development. I would not think it would be authorised.
You do not have to apply for planning permission if: Your property is in an RPZ, but you let rooms or the entire property out for 15 days or more at a time
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