Wilf, I have a couple of flats that I let (am a kind of accidental landlord, we needed to move in a hurry) and agree with Moonlady's landlady. I actively look for single Mum's now. It started when we were moving out of the house and my neighbour moved in as the flat she was in had no heating.
That was 8 years ago in October, she is fabulous. I've always accepted what Housing Benefit have been prepared to pay in her case, which has been under the market value for the flat as it is a 3 bed and she is only entitled to a 2 bed under the HB rules. It will go up in October when her son is 10.
Then I let the upstairs flat to another lady who was pregnant with her second child when she moved in, she stayed 5.5 years. The new tenant is also a single Mum who has just escaped a domestic violence situation and is pregnant with her fourth child. The council fast tracked her claim so some Housing Benefit came through within two weeks and they have guaranteed her deposit. Hopefully she will stay for a good few years.
The only time I've had a void was by choice when we temporarily moved back into one of the flats and needed to renovate it. It does cost me extra on insurance but it is worth every penny as they have been really good tenants.
I try to make sure that I am quick to respond to any problems so have British Gas cover for the boiler in case anything goes wrong and have over the years collected a variety of tradesmen for the other inevitable disasters that turn up. They are clean and warm, electrics renewed so all up to date as are the plumbing. The kitchens are a bit dated but fine.
Both flats are fairly neutral. The first upstairs lady repainted in various colours which had to be redone when she left but was good at the time for her and her boys. I've always made it clear that it is their homes and I don't expect to be asked if they can put up pictures, shelves etc, they are to do it.
With people I don't know I start with 6 months lease then it tends to continue on a rolling basis. We don't make much if any of a profit but hopefully one day we'll get something out if it, I'm just happy for it to tick along for now.
A lot of people won't consider people on housing benefit or LHA as it is now. Some because they have heard horror stories, some because they can't afford or won't pay more on the insurance and some mortgages won't let you. So I just wanted to put another view point across.