2017 really does seem a long time ago. We still have at least a year before we have a DC who is not a student any more.
The good news is that DD is now home following her exams (they sit finals at the end of Yr 4) and is taking her elective in London so she should be based at home for much of the next four months. She has tentative plans to visit her DB in the US in August, but neither are good at planning so I might step in withy some concrete suggestions. Her DB is also due to be based in London for a period in the autumn as his US PhD supervisor is taking a sabbatical in London, and has, very kindly, agreed to keep DS and one of his colleagues on. The colleague, Latin American, I think, may also be staying with us. A houseful is much better than an empty nest.
In the meantime we have been on a Hurtigruten coastal cruise which was great, and away for a few days in west Somerset. Lots of other things are going on including the fact that DH has bought loads of UEFA tickets, I am volunteering as a marshall, he has tickets for a test match in the North West. and it is the in-laws Platinum anniversary. July is busy. Then DH has to go to Edinburgh on business so we will catch a weekend of the festival. Life has restarted, though it is astonishing how many people we know are catching Covid. I can only think that having been exposed any number of times on the London tube I simply have to take my chances.
I am one of those many landlords who are slowly divesting. It is getting tougher and tenants more demanding. We had a big scare a year or so ago when the tenant renting my mother's flat (I let it when my mother moved to sheltered housing partly because she wanted to believe she could move back when she "felt better", partly to pay for her care) used all the exemptions allowed under Covid rules and then threatened to wait until she was evicted. Thing was she was renting it as a second home by the sea, with a perfectly nice large house elsewhere, ignoring the various Covid restrictions. The legal complications of trying to evict a tenant from a property in probate were huge.
I am lucky in that all my current tenants have been there for at least 3 years and are lovely and I hope they say the same about me. Its not just the proposed loss of S21, but also the environmental stuff. With the best will in the world, given the current workman crisis in Central London, I don't know how I am going to upgrade Victorian properties from D to C. And its not really about money, except that to work here a workman will have paid £250 a week in ULEZ, CC and parking before he even starts work. Most won't.
However to add to Sandy's tips
- Read Rightmove the night before and identify properties that are genuinely interesting. Do desk research on transport routes etc. in advance.
- Follow up next day if necessary being outside the letting agents office as soon as they open. (Many are lazy and happy to let to the first reasonable looking tenants.) Ask the boss to be understanding. Having a place to live is a priority if an employee is to settle quickly.
- As a new jobber consider offering parental guarantees, plus make sure previous landlord references are quickly available. This is cruicial if any are still students, ie doing something like law conversion. The six months rent in advance can work, though it is something that is used by cannabis farmers/pop up brothel/AirBnB subletter types so can also be viewed with suspicion.
- Find out when the property will be available and offer to take it the very next day. (This is real money to a landlord.) Don't quibble about furniture. If it is meant to be unfurnished but there is a large sofa sitting there offer to take it. And buy the rest from British Heart Foundation. If you do a deal they might take away the old sofa when delivering the new.
- If there are sharers, have any who can't make the appointment primed to make an instant decision based on photos and the judgement of the person looking. (Suggest they go past the night before, and sort out budget in advance perhaps having the person with the lowest budget take the smallest room.) Then make an offer on the spot at the end of the viewing. If the property is not madly overpriced and there is likely to be competition, consider making a full asking price offer. Demand/rents in popular areas for new jobbers always rise towards September so worth looking now even if it means paying some extra rent over the summer.
- Many letting agents (well Foxtons) will try to push a multi year tenancy. Agree to it only if you have a break clause after 12 months. Most landlords will like a tenant who is likely to stay, but won't want to be tied into a multi year contract as they are then committed to having to pay agent commission for those years even if something happens.