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Landlord Question

  • 28-05-2007 1:34pm
    #1
    Domer
    Registered Users, Registered Users 2 Posts: 452 ✭✭


    Hi There,

    I am thinking of letting my house in Dublin 7. If I decide to use a letting agent, typically how much would I have to pay? Is there any initial setup costs, or is it just taken out of the rent each month? is it a fixed price, or a percentage of the rent?

    Any guidelines welcome.

    Thanks,
    Brian


Comments

  • #2
    gibo_ie
    Registered Users, Registered Users 2 Posts: 782 ✭✭✭gibo_ie


    Hi there,
    Letting agents can do one of two things for you. One is to find tenants only and check them out and put them in. The second is a fully managed service where they pick up rent, check house every few months and eal with any issues that arise. You are usually talking around 10% for this service, or approx one months rental (varies on company obviously).
    This cost is however tax deductable and you can write it off in your self assessment (along with a lot of other stuff (research this!!)).
    Check with agents or their websites for more details. If you cn manage it yourself and have time and live nearby i recommend you do this especially if you get good tenants as life can be easier if they have a friendly landlord to talk to instead of going through agents.
    Anyway good luck,
    M


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