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Property Mentor Investment Questions
The following question was recently submitted to our property experts by an individual looking for advice on how to deal with their property let. If you have got a question regarding your tenancy/property, contact us now via the link to the right.
Submit your own questionsI have got a potential tenant who is on benefits - how can I guarantee I will receive rent?
A: According to local housing schemes, landlords cannot be paid a tenants rent direct into their account unless their tenant is deemed 'vulnerable'.
To find out if your potential tenant falls into this category, contact your local credit union. They will be able to set up a special account for your tenant where their benefits can be paid into it. Once in this account, they can 'ring fence' your owed rents and pay it out to you.
Similarly, speaking to your local Citizens Advice Bureau can help...
Should you discover that they are part of a Local Housing Allowance you can pass on a 'Pay Benefits Direct To Landlord' form which will then give you permission to collect their rent from their Local Housing Allowance. This is particularly useful for preventing rental arrears from occurring.
Peter Franklin, Property Mentor Delegate
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RentWhether you are new to property investment or are looking to expand your existing property portfolio, at Property Mentor we can help.
Our property experts have spent the last 20+ years formulating a proven investment system that has successfully helped over 2,000 delegates to create property portfolios of all shapes and sizes.
So no matter your prior property knowledge, why not let us at Property Mentor help you to become the property investor you know you can be and attend one of our FREE 2 hour taster sessions today? Simply enter your postcode into our unique postcode checker below and discover where your next closest property course is taking place.
