I have a friend who been in my property for about a year, at a low rent 850, basically to stop her being homeless, now rents in the area are approaching 1k a month and I would like to increase it to 925, is £75 a month to much?and I am already thinking down the line as don’t want to get caught out.
No, if rents for comparable properties are a £1000 then it’s not. You’re still charging sub-rent.
Must be a good friend when you’re losing £1k-£1.5k a year…
I agree I can she her going with a bit of luck.
that seems a reasonable amount. Do it Better to be a good friend rather than a greedy landlord… " our lives do not result from the things we own "