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property owner abroad and collection agents

  • 14-11-2016 10:22am
    #1
    mikyone
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hi
    I live abroad and I planned to rent my apartment out. I already found someone who want to be my tenant and rent my apartment. I have to find a collection agent. I don't want to appoint my tenant to be a collection agent.
    I try to find a letting service on the net or a real estate agent with a service of collection agent only. I don't want to pay for the other services. Do you know if this kind of company exist ? If yes do you know the fee for that ?
    Thanks for your answer.


Comments

  • #2
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,633 ✭✭✭✭Marcusm


    mikyone wrote: »
    Hi
    I live abroad and I planned to rent my apartment out. I already found someone who want to be my tenant and rent my apartment. I have to find a collection agent. I don't want to appoint my tenant to be a collection agent.
    I try to find a letting service on the net or a real estate agent with a service of collection agent only. I don't want to pay for the other services. Do you know if this kind of company exist ? If yes do you know the fee for that ?
    Thanks for your answer.

    Your tenant, iPso facto, cannot be a collection agent for a payment he is making. You can nominate a family member if you wish. There is no need for it to be a letting agent and there is no need for the collection agent to have any responsibilities other than receiving the money and discharging the tax obligations therefrom.


  • #3
    mikyone
    Registered Users, Registered Users 2 Posts: 2 ✭mikyone


    Thanks for your answer, but I don't have any family or any trustworthy people in Dublin. I can handle the letting by my own except for the collection agent. It seems very complicate to find a rental company for this service only.


  • #4
    scheister
    Registered Users, Registered Users 2 Posts: 1,310 ✭✭✭scheister


    mikyone wrote: »
    Thanks for your answer, but I don't have any family or any trustworthy people in Dublin. I can handle the letting by my own except for the collection agent. It seems very complicate to find a rental company for this service only.

    does not have to be a rental company i have see legal and accounting offices do this as a service


  • #5
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    Marcusm wrote: »
    Your tenant, iPso facto, cannot be a collection agent for a payment he is making. You can nominate a family member if you wish. There is no need for it to be a letting agent and there is no need for the collection agent to have any responsibilities other than receiving the money and discharging the tax obligations therefrom.

    The tenant won't be a collection agent.

    That being said, if a landlord becomes non resident for tax purposes, and does not have a collection agent in place, then the tenant is obliged to retain 20% of the rent payable, and pay this over to Revenue.


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