Noz Posted November 26, 2016 Share Posted November 26, 2016 Hi all, I own a three bedroom house and looking to rent both of the rooms legally. I've setup the double room for someone to live in, and it's just collecting car parts at the moment since my mate moved out. I just need a third bed for the un-used smaller room and I'm ready to roll. I've been a bit unsure about renting again, but it seems a waste. I'm looking to rent both rooms out and stop collecting rubbish. But rather than `a mate` I want to have it all official. I've been looking at buying a second house with my parents as they are selling their house and have some capital, and this is the first stage to getting tenants in. Hoping to go down the road of multiple occupancy when I move out (deal with those separate issues later). The smaller room is likely to be a single bed only really. I know I have to setup a rent book, place their deposits in a secured place and log all my earnings for tax etc. I know with HMO down the road I have to apply for it, and register. Fire regulations assessment etc. Was going to do this when I bought the house originally but has only been until recently have I had agreement from my folks to purchase a second house for a joint investment. How do you screen tenants? Credit checks? Is this needed for a live-in-landlord. I know their able to remove tenants faster if they live in the property if they feel at risk. Any other advice I'm missing regarding renting two rooms and being a live in landlord please? Quote Link to comment Share on other sites More sharing options...
ellis Posted November 27, 2016 Share Posted November 27, 2016 For screening purposes I suggest this: select about 10 people. Jet them over to Australia to live in a jungle and each day select one or two of them to undergo a trial that involves getting rewards for the others, possibly food-related, whilst enduring pretty grim tasks that involves bugs, snakes, cockroaches and irritating Geordies. Sit back and watch as relationships develop, deteriorate, redevelop and subsequently collapse. Film it. All of it. Watch it back and edit it to watch at a later date. After several weeks you should be down to one or two candidates. Send them off to perform one final head-to-head task. The victor is the one who should rent the room and then be forgotten the day after. This idea has never been used before. Ever. Quote Link to comment Share on other sites More sharing options...
mc92 Posted November 27, 2016 Share Posted November 27, 2016 For screening purposes I suggest this: select about 10 people. Jet them over to Australia to live in a jungle and each day select one or two of them to undergo a trial that involves getting rewards for the others, possibly food-related, whilst enduring pretty grim tasks that involves bugs, snakes, cockroaches and irritating Geordies. Sit back and watch as relationships develop, deteriorate, redevelop and subsequently collapse. Film it. All of it. Watch it back and edit it to watch at a later date. After several weeks you should be down to one or two candidates. Send them off to perform one final head-to-head task. The victor is the one who should rent the room and then be forgotten the day after. This idea has never been used before. Ever. Sounds like my uni accommodation. Quote Link to comment Share on other sites More sharing options...
SupraLEDrears Posted November 27, 2016 Share Posted November 27, 2016 My ex does this. I'm sure they require 3 months worth of bank statements, 3 payslips from your current employer and with the deposit and a month in advance. With it being live in, you can give them a 24 hour notice to leave, if any of the rules are broken. Quote Link to comment Share on other sites More sharing options...
samdale Posted November 27, 2016 Share Posted November 27, 2016 If you live there and you "rent a room" they are NOT tenants, they're lodgers. Makes quite a difference legally with things like ease of eviction. Have a Google about lodgers rights etc. There's also things like a tenant has a right to exclude you from their space. A lodger does not and so you don't even need to allow them a separate lock on their door. Quote Link to comment Share on other sites More sharing options...
brassbones Posted November 27, 2016 Share Posted November 27, 2016 You are talking about lodgers if you are living in, not tenants. This should tell you everything you need to know ... http://www.spareroom.co.uk/lodger Quote Link to comment Share on other sites More sharing options...
Noz Posted November 29, 2016 Author Share Posted November 29, 2016 Lodgers definitely sounds more like it, I do recall something about this. I think the Australia idea is great, as long as I don't pay for the flight!! Screening sounds like applying for a mortgage! I've put up an advert in my company and already had 5 people request a viewing. Just need a bigger drive now! Will look at the various screening procedures and post how I get on! Quote Link to comment Share on other sites More sharing options...
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