Rent my house and make the tenants live like I do …
One of the big mistakes that home owners make when they rent out their house is that they feel like they are trying to “rent my home”. This creates huge problems from an emotional perspective. More often than not, the trap for the home occupier become landlord is that they expect a new tenant to live like they did.
Tell the tenants we never used that room to watch television!
Tensions arise during an owner visit to the now rental property during the tenancy. Here the owners wearing their hat of a landlord conduct a routine inspection which is a walk through their property. At this stage the landlord has come to realise that the property is not being occupied in a way that is consistent with they way they might have expected. A perfectly satisfactory tenancy may be in place and the new residents might well be the prefect tenant … but the emotional owner is really struggling with letting go of the past. Over reaction at this stage may prove disastrous in the long term.
A few thoughts to help a challenged owner focus might include:
- Your home was your home when you lived in it.
- Your home is now your house and part of contractual agreement where somebody pays rent in exchange for exclusive occupancy.
- Your tenants will set up their home as they think fit for their enjoyment.
- Your house, when rented out will make various homes for multiple tenants over time.
- So long as your tenants are not damaging or neglecting your house then allow it to be their home.
Continue to remind yourself that your house has taken up a whole new function for you whilst you rent it out. Embrace the new purpose of the tenancy relationship in place and you will be sure to embrace the new found freedom you are enjoying in your new home somewhere else.
Wishing you rental success.