Recently I’ve emptied the remainder of my things from my house in Mansfield so that I can rent the place out and hopefully save some money. My mum and auntie found a tenant for me straight away, which was handy, but she isn’t working at the moment so things are a bit more complicated.
My main reason for doing all of this was so that I wouldn’t have to pay the bills for the place, and to offset some more of the cost of the mortgage. I’m still losing money when I’m renting it out, but it’s a smaller amount.
So far it’s actually ended up costing me quite a bit, and I haven’t seen a penny back from it. I had to pay Natwest £100 so that I could rent the place out, I’ve had to get insurance, pay for inspections, send letters, make phone calls, and do a whole bunch of waiting around. Because the lady renting my house doesn’t have a job she hasn’t yet paid the deposit or the first month of rent. The deposit might be sorted out next week, but I don’t actually get a penny of that because I have to deposit it in a government scheme to protect it. The first month of rent very much depends on Mansfield District Council at the moment, and I have no idea how long to expect to wait.
It’s kind of a weird situation that I hope will be over very soon.
Cheryl, Nicole, Rik, and I are looking at places to rent in about April or May at the moment. It will be difficult to pay the bills for the places we’re looking at without any income from my house. Surely it can’t take another 3 months… [Commence horror stories in comments]