Jump to content

Doing it ourselves at last


Recommended Posts

We currently have 4 properties we rent out. Two are rented to work colleagues on 6mth assured short term tenancy agreements and we've had no probs - but as the tenants are subject to a disciplinary code of employment we did not request references, or run credit checks. ( we are aware of the potential risks doing it this way but satisfied with the arrangement when it involves work colleagues)

We use an agent for the other 2 properties but after a couple of years of dissatisfaction at the service they provide for the amount of money they claim, we've decided to sack the agents and do it all ourselves. ( and I appreciate there will be some very good professional agents out there)

I've looked through this forum and the advice and support appears to be excellent, but I need to know the following-

1. bank references - do banks have a proforma or if not - what do I actually ask for? or would asking the prospective tenant for the last 3 months bank statements be adequate proof of sufficient income

2. employment - presume this would just be a standard letter requesting confirmation of their current employment.

3. credit check - I've noted a couple of the companies recommended through these posts.

Are these letters/request forms available to purchase, or any publications with good expamples? I am willing to prepare my own templates etc once I know what is required - in order to be professional about this.

How long does it normally take for the banks and credit check companies to reply??

I am looking forward to the challenges - and we've three prospective tenants viewing one of the properties tomorrow!!

Thanks in advance......Sal

Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Create New...