Thinking of selling a rental property? You should probably get a move on...

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lff12 said:
Any landlord who has rents locked in by RPZ won't advertise on daft.ie. They cannot.
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I still occasionally see ads on daft with funny rents like €2,223 which is clearly an RPZ cap.

But in general I agree if you are way below market rent you don’t need to advertise. Good tenants will find you.
 
Dr Strangelove said:
I still see ads on daft with funny rents like €2,223 which is clearly an RPZ cap.
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Yep - but these would probably be only the tip of the iceberg. Most small landlords don't have the time to field hundreds of calls to screen out desperate tenants looking for a good deal.
 
The generous tax relief available to Tenants means landlords in the shadow economy- not declaring get caught very quickly and imagine get an immediate audit.
 
lff12 said:
Any landlord who has rents locked in by RPZ won't advertise on daft.ie. They cannot. Someone told me a couple of years ago that her daughter put a rental up on daft and she got 60 calls in one day, most of them wanting to know if she accepted HAP. Most side-line landlords (aka most landlords) won't have the time to deal with that so they'll put out via word of mouth via friends, family or work that there's a good value tenancy available, and it will be filled in no time. You also don't want to be advertising on DAFT if you were not previously registered and are moving the rent higher than the permitted rpz limit to the new tenant.
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I advertised on daft back in 2018 when I got current tenants, and yes we got exactly what you said above - about 80 enquiries within 24 hours, and loadsa HAP renters...
We actually just had an open day, where ppl turned up and we picked from them...
Sure its more desperate nowadays.. but guys saying they would give 100 extra pm on top of the rent we advertised, all the sad stories etc... we picked using our heads!
 
Persia said:
The generous tax relief available to Tenants means landlords in the shadow economy- not declaring get caught very quickly and imagine get an immediate audit.
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That's not going to happen. Most tenants in that scenario won't claim because most will not want to find themselves with an eviction order if a large tax bill or fine for non registration ends up with the landlord finding themselves needing to sell up to pay the costs.
That's one of the reasons why so few tenants are claiming the relief - albeit up to half of tenants may not be in the appropriate tax bracket to make it worthwhile.
 
Dr Strangelove said:
I still occasionally see ads on daft with funny rents like €2,223 which is clearly an RPZ cap.

But in general I agree if you are way below market rent you don’t need to advertise. Good tenants will find you.
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Way below the market. Still advertising. Personally I prefer to separate my personal life/work life and my rental. I did get references in the past from people I had previously rented to. We do receive lots of emails in a short period (a couple of hours) but it easy to go through.
 
How do you know the references are genuine, do you autonomously contact the companies or how do you get the details of previous landlords or does it tend to always be agencies that you can contact yourself?
 
Persia said:
The generous tax relief available to Tenants means landlords in the shadow economy- not declaring get caught very quickly and imagine get an immediate audit.
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€1K @ 20% = €200 back in tax for an individual doesn't seem hugely generous? And anecdotal evidence seems to be that many are not bothering to claim it because they're not aware of it, they can't be bothered, or for other reasons.

How much can you claim?

This page outlines how much you can claim
www.revenue.ie www.revenue.ie
Inaccurate info corrected below:

Thinking of selling a rental property? You should probably get a move on...

Any landlord who has rents locked in by RPZ won't advertise on daft.ie. They cannot. I still occasionally see ads on daft with funny rents like €2,223 which is clearly an RPZ cap. But in general I agree if you are way below market rent you don’t need to advertise. Good tenants will find you.
www.askaboutmoney.com
 
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misemoi said:
How do you know the references are genuine, do you autonomously contact the companies or how do you get the details of previous landlords or does it tend to always be agencies that you can contact yourself?
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You never fully know. Yes we contact references directly. Both my spouse and myself are used to conduct interviews so I suppose we have some experience. Any doubt, and it's a no. Renting over 10 years, we did not have only good experiences but we never had a catastrophic outcome either.
 
misemoi said:
How do you know the references are genuine
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I gave references to a prior tenant and I did once get a phone call from a letting agent seeking to verify the reference.

Of course I could have been the tenant’s first cousin with a false name but the agent did their job.
 
Sorry, I misread the Revenue page which seems confusing the way that it's worded. Yes, it's a maximum of a €1K tax credit for an individual in 2024/2025 which could reduce their overall tax bill by that amount.
 
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